Dear Valued Clients,

Ho Chi Minh City Securities Corporation (“HSC”/ “We”) would like to express our sincere appreciation for your continued trust and support.

Following Decree No. 70/2025/ND-CP and the Law on Value-Added Tax (VAT) No. 48/2024/QH15, the Ministry of Finance has recently issued Circular No. 77/2025/TT-BTC dated July 30, 2025, providing detailed guidance on VAT-exempt securities-related services, HSC hereby informs you of the following adjustments and updates, which include: 

1.  Update on Securities Service Fees

HSC has revised the fee schedule for certain services, with the new rates officially effective from July 31, 2025, as follows:

Securities Services VAT Rate (Effective from July 1, 2025) VAT Rate (Effective from July 31, 2025)
Stocks Market:
  • Securities holder list management for other enterprises
  • Securities depository (deposit, block/release)
  • Clearing and settlement (transfer/ownership transfer)
For detailed applicable fees, please refer to here		 10%     VAT Exempt
Derivatives Market:
  • Fees payable to the Stock Exchange and VSDC (clearing, collateral management)
For detailed applicable fees, please refer to here

*Please note: Services not listed above remain unchanged and will continue to follow the current fee schedule.

2.  VAT Refund

HSC will proceed to refund VAT collected during the period from July 14, 2025 to July 31, 2025, applicable to services newly classified as VAT Exempt under the updated regulations, including:

  • Stocks Market: Securities depository fee

  • Derivatives Market: Collateral management fee

Details of the VAT refund will be reflected in your August 2025 account statement. Kindly review your statement for full information.

For further assistance, please do not hesitate to contact our Customer Services Center: 

  • Hotline: 1900 633 996

  • Email: support@hsc.com.vn 

Sincerely,
HSC