Knowledge
Underlying market
A. Trading fee
|
Service |
Fee |
|---|---|
|
Stocks, fund certificates, covered warrants |
Apply a preferential fee rate from 0,1% (*) |
|
Bonds |
0.1% (*) |
(*) Includes fees paid to the Stock Exchange.
For detailed information, please contact your Account Manager.
Note: Service prices payable to the Stock Exchange are subject to VAT according to regulations.
B. Depository Fees
|
Service |
Fee |
|---|---|
|
1. Stocks of unlisted public companies, registered for trading on the Stock Exchange |
Free of charge |
|
2. Stocks, fund certificates, covered warrants |
VND 0.297/share, fund certificate, covered warrant/month |
|
3. Corporate Bonds |
VND 0.198/bond/month Maximum VND 2,200,000/1 bond code/month |
|
4. Debt instrument depository fee under the Law on Public Debt Management (Government bond) |
VND 0.154/bond code/month Maximum: VND 1,540,000 VND/bond code/month |
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5. Transfer of securities (partial, full balance, final settlement) |
VND 0.33/time/stock code Maximum: VND 330,000/time/stock code Minimum: VND 55,000/1 set of documents |
Note: These fees include fees and taxes payable to the Vietnam Securities Depository and Clearing Corporation (VSDC).
C. Payment fee
| Service | Fee |
|---|---|
| 1. Dividend payment fee | Free of charge |
| 2. Bank transfer | In accordance with banks’ fee schedules |
D. Other service fees
|
Service |
Fee |
|---|---|
|
1. Detailed Client statement |
|
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1.1 Within 12 months to present |
Free of charge |
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1.2 Above 12 months to present |
VND11,000 /month per statement type |
|
2. Confirmation of account balance (in Vietnamese/English) or according to customer's specific request |
|
|
2.1 First statement |
VND55,000/statement |
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2.2 From two statement |
VND11,000/each additional copy |
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3. Request on sending statement to the contact address registered with HSC |
VND11,000 /time |
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4. Request on copying original documents |
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4.1 Transaction documents issued within 12 months |
VND55,000/document |
|
4.2 Transaction documents issued more than 12 months |
VND110,000/document |
|
5. Confirmation of securities blockade/release |
|
|
5.1 Registration of guaranteed measures |
Service fee: VND550,000/statement |
|
5.2 Confirmation of securities blockade/release upon customer’s request |
Service fee = HSC fee + VSDC fee (Regulated from time to time) of which: HSC fee: VND550,000/confirmation VSDC fee: + 0.11% of the value of blocked securities for stocks, fund certificates, covered warrants, maximum VND11 million per stock code + 0.011% of the value of blocked securities for corporate bonds and debt instruments as prescribed in the Law on Public Debt Management, maximum VND11 million per bond code |
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6. Securities ownership transfer |
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|
6.1 Securities ownership transfer Gifts/Inheritances |
Service fee = HSC fee + VSDC fee (Regulated from time to time) of which: HSC fee: + Inheritance: free of charge + If HSC supports the procedure for the transferor of ownership: 0.15% of the value of the ownership transfer (minimum VND110,000, maximum VND11,000,000/1 set of documents) VSDC fee + 0.11% of the value of ownership transfer for stocks, fund certificates, covered warrants + 0.0055% of the value of ownership transfer for corporate bonds and debt instruments as prescribed in the Law on Public Debt Management (Exceptions: Exempted from VSDC fees in cases of transfers between spouses, biological/adoptive parents and children, between father-in-law, mother-in-law, and daughter-in-law, between father-in-law and mother-in-law) with sons-in-law, grandparents and grandchildren, siblings). Tax: as per current regulations |
|
6.2 Ownership transfer for securities centrally registered at VSD approved by the State Securities Commission |
Service fee = HSC fee + VSDC fee (Regulated from time to time) of which: HSC fee: + If HSC supports the transferor's procedures, 0.15% of the value of the ownership transfer (minimum VND110,000, maximum VND11,000,000 /1 set of transfer documents) VSDC fee: + 0.11% of the value of ownership transfer for stocks, fund certificates, warrants + 0.0055% of the value of ownership transfer for corporate bonds and debt instruments as prescribed in the Law on Public Debt Management Tax: as per current regulations |
|
6.3 Ownership transfer for securities due to handling of security assets which are registered and blocked at VSD |
VSDC fee: + 0.022% of the value of ownership transfer for stocks, fund certificates, warranties + 0.0055% of the value of ownership transfer for corporate bonds and debt instruments as prescribed in the Law on Public Debt Management |
|
6.4 Securities lending and borrowing services |
Service fee = HSC fee + VSDC fee (Regulated from time to time) of which: HSC fee: VND550,000/document VSDC fee: + 0.0297% of the loan value at the date of signing the loan contract for stocks, investment fund certificates, ETF certificates, covered warrants, minimum VND550,000 for loan payment assistance + 0.00594% of the loan value for corporate bonds, at least VND550,000 for payment support loans + 0.00462% of the loan value for debt instruments according to the Law on Public Debt Management, at least VND550,000 for payment support loans + 0.00264% of the accumulated value of collateral balance (money + value of securities at par value)/contract (maximum VND1,760,00 /contract, minimum VND110,000/contract) Tax: as per current regulations |
|
6.5 Ownership transfer for securities due to public offering |
Service fee = HSC fee + VSDC fee (Regulated from time to time) of which: HSC fee: + If HSC supports the procedure for the offeror: Fee subject to agreement + If HSC supports the procedure for the seller: 0.15% of the value of the ownership transfer (minimum VND110,000, maximum VND11,000,000 / 1 set of documents). VSDC fee: 0.033% of ownership transfer value Tax: as per current regulations |
| 6.6 The service fee for transferring share ownership from the proprietary account of a securities firm to the account of a foreign institutional investor | 0.11% of the value of ownership transfer Tax: as per current regulations |
|
6.7 For foreign institutional investors |
Fee subject to agreement Tax: as per current regulations |
|
6.8 Other cases |
Fee subject to agreement Tax: as per current regulations |
This fee schedule is applicable only at Ho Chi Minh City Securities Corporation (HSC) and is subject to change from time to time.
E. Income tax from securities transfer
1. For domestic individuals, foreign individuals, and foreign institutions:
1.1 Stocks, bonds, fund certificates
Rate of application: 0.1% x securities transfer price per transaction
Securities transfer price per transaction = Matched selling price x Matched volume
1.2 Covered warrants (CWs)
|
Before the expiry date |
At the expiry date |
|
|---|---|---|
|
Transaction tax |
CW sales tax = CW order execution price x CW quantity x 0.1% | Tax = Equity settlement price *(Amount of CW/Conversion rate) *0.1% |
|
Applies to |
All CW sell transactions |
Only CWs that expire with a net profit position |
|
For example |
The investor has 1,000 CVNM1905, a conversion ratio of 5:1, the exercise price of VND150,000 |
|
|
|
Investor sells CW at VND 2,000/CW and earns VND2,000,000. Tax payable on CW sell transaction: Tax = 2,000 x 1,000 x 0.1% = VND2,000 |
Investor hold to expiry date. If the current share price is VND160,000/share, the CW expires with a net profit position. Investor receive VND2,000,000 net profit and must pay tax: Tax = 160,000 x (1,000/5) x 0.1% = VND32,000 |
2. For domestic institutional:
Apply corporate income tax
F. Personal income tax from receiving dividends in shares, bonus shares
1. Subjects of application: individuals receive dividends in securities; existing shareholders receive dividend payments by securities and stocks with the record date from December 5, 2020.
2. Time to declare and pay PIT: when the Investor sells (transfers) same types of shares until comprehensively collects tax arising from dividends or receives a bonus by shares.
3. Tax calculation: PIT payable = Taxable income x 5% tax rate
By which:
-
Taxable income = Number of shares subjected to tax x Taxable price
-
Number of shares subjected to tax: prioritize calculating the amount of shares received from dividends or bonuses.
-
Taxable price:
If Selling Price (transfer price) ≥ Par value: Taxable price = Par value
If Selling price (transfer price) < Par value: Taxable price = Selling price (transfer price)
4. Reference examples:
Before receiving dividends in stocks and bonus shares, Investor A has 5,000 shares of ABC in his account.
After that, Investor A receives the distribution of dividend rights in shares: 4,000 shares of ABC and the allocation of bonus stock rights: 2,000 shares of ABC.
In total, Investor A has 11,000 shares of ABC in his account, including 6,000 shares subjected to capital investment tax. When Investor A sells ABC shares, the tax on income from capital investment and transfer tax on shares will be calculated as follows:
|
Investor sells (transfers shares) |
Amount of shares to subjected to capital investment tax at the beginning of the period |
Investor sells (transfers shares) |
PIT from transfers shares |
Amount of CP to bear residual capital investment tax |
|
|---|---|---|---|---|---|
|
1st time |
4,000 shares price VND11,000 (Selling price > par value) |
6,000 shares |
(4,000 x 10,000) x5%= VND2,000,000 |
(4,000 x 11,000) x 0.1% = VND44,000 |
6,000 – 4,000 |
|
2nd time |
2,000 shares for VND8,000 (Selling price < par value) |
2,000 shares |
(2,000 x 8,000) x5% = VND800,000 |
(2,000 x 8,000) x 0.1% = VND16,000 |
2,000 – 2,000 = 0 CP |
|
3rd time |
5,000 shares price VND12,000 |
0 |
0 đ |
(5,000 x 12,000) x 0.1% = VND60,000 |
0 CP |