Investment Knowledge

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ETF investment instruction
Investor can invest in ETF by placing creation/redemption orders at the fund’s Authorized Participants of SSIAM VNX50 ETFSSIAM VNFIN LEAD ETF, and SSIAM VN30 ETF or buy/sell ETF in the secondary market through the stock exchange. 
 
A. PRIMARY TRADING

TRADING OVERVIEW

CREATION MINIMUM ORDER

01 creation unit (equivalent to 100,000 Fund units)

REDEMPTION MINIMUM ORDER

01 creation unit (equivalent to 100,000 Fund units)

DEALING DATE

Daily (Day T)

CUT-OFF TIME

14:40 pm on Day T

1. CREATION ORDER
  • Investors purchase the component securities portfolio at least 3 working days in advance from the trading date. View information on the component securities portfolio of the SSIAM VNX50 ETFSSIAM VNFIN LEAD ETF and SSIAM VN30 ETF.
  • Fill out the trading order information in the forms below and submit it to the Authorized Participants before 2:40 p.m.
  • Transfer the cash (if any) to the account of ETF SSIAM VNX50; ETF SSIAM VNFIN LEAD or ETF SSIAM VN30 at the supervisory bank before 11 a.m. Day T+1.
  • Transaction confirmation will be sent to the investor within two (02) working days from the date of exchange-traded transaction (Day T).

MONEY TRANSFER GUIDE

SSIAM VNFIN LEAD ETF

AUTHORIZED PARTICIPANTS AND DISTRIBUTOR

ABBREVIATIONS ACCOUNT NUMBER BENEFICIARY NAME AND BENEFICIARY BANK
SSI Securities Corporation
SSI 0681000001448
Beneficiary name: SSIAM VNFIN LEAD ETF
Beneficiary bank: Vietcombank - Head Office
2
Mirae Asset Securities (Vietnam) Limited Liability Company
MAS 0681000001447
3
BIDV Securities Company
BSC 1013184321
4
KIS Vietnam Securities Corporation
KIS 1014427787

5

 Viet Capital Securities Corporation

VIETCAP

1013184186
6 Ho Chi Minh Securities Corporation HSC 1022706858

SSIAM VN30 ETF

AUTHORIZED PARTICIPANTS AND DISTRIBUTOR

ABBREVIATIONS ACCOUNT NUMBER BENEFICIARY NAME AND BENEFICIARY BANK
1
SSI Securities Corporation
SSI 1020000006
Beneficiary name: SSIAM VN30 ETF
Beneficiary bank: Vietcombank - Head Office
2
Mirae Asset Securities (Vietnam) Limited Liability Company
MAS 1020000004
3
BIDV Securities Company
BSC 1020000005
KIS Vietnam Securities Corporation KIS 1020000007
Viet Capital Securities Corporation VIETCAP 1020000008
6
Bao Viet Securities Corporation
BVSC 1020000011

SSIAM VNX50 ETF

AUTHORIZED PARTICIPANTS AND DISTRIBUTOR

ABBREVIATIONS ACCOUNT NUMBER BENEFICIARY NAME AND BENEFICIARY BANK
SSI Securities Corporation
SSI 1223358885
Beneficiary name: SSIAM VNX50 ETF
Beneficiary bank: BIDV- Ha Thanh Branch
2
Vietcombank Securities Limited Company
VCBS 8620006143
3
Baoviet Securities Company
BVSC 8650006144
4
Mirae Asset Securities (Vietnam) Limited Liability Company
MAS 1221803422

5

 VNDIRECT Securities Corporation

VNDS

8670006145

6

Viet Capital Securities Corporation

Vietcap

1222420259
7 KIS Vietnam Securities Corporation KIS 8620020044  
 
2. REDEMPTION ORDER
 
  • Fill out the trading order information in the forms below and submit it to the Authorized Participants before 2:40 p.m.
  • Transaction confirmation will be sent to investors within two (02) working days from the transaction date.
  • The component securities portfolio will be transferred to the investor's securities account at the Authorized Participants within 01 working day from the exchange transaction date.
  • The cash difference (if any) will be transferred to the Investor's bank account according to the information registered on the Exchange Transaction Order Form within 03 working days from the exchange transaction date.
Trading
Requirements
Creation Unit
1 creation unit (equivalent to 100,000 fund units)
Minimum account balance requirement for Authorized Participant 
 
1 creation unit
 
 
B. SECONDARY TRADING
 
  • SSIAM VNX50 ETF, SSIAM VNFIN LEAD ETF, and SSIAM VN30 ETF Certificates are listed on the HSX with the tickers: FUESSV50, FUESSVFL, FUESSV30. Investors can trade listed ETF certificates on the Ho Chi Minh Stock Exchange (HOSE).
  • Investors/ Authorized Participants can place trading orders using their securities trading account at the securities company. Trading and settlement shall be done per the regulations of securities trading issued by the HOSE and the Vietnam Securities Depository and Clearing Corporation (VSD).
  • The trading unit are regulated by the HOSE where the ETF certificates are listed.
 
C. TAXES APPLIED FOR FOREIGN INVESTORS
 
Investors
Tax on Investor arising from
 
Dividend payment
Redemption Fund Unit
Gift/Inheritance
Residential individuals
5%
0.1% of transaction value (1)
10% of securities value higher than VND 10 million
Non-residential individuals
5% (1)(2)
0.1% of transaction value (1)
10% of securities value higher than VND 10 million
Foreign Institutions
- Exempt if distributed dividends are after tax-profit
- 22% from 1/1/2014 and 20% from 1/1/2016 if tax-profit has not been deducted (1)
0.1% of transaction value (1)
0.1% of transaction value (1)(3)
(1) Tax withheld at source.
(2) An individual is not required to pay personal income tax when receiving dividends of stocks/fund units but shall pay the income tax for capital investment and securities transfer when transferring these stocks (Point d, Clause 2, Article 11 Circular 111).
(3) There is no specific regulation on taxation of foreign institutional investors receiving gift/inheritance in the form of securities. However, giving gift/inheritance shall result in the transaction of a securities transfer. Under Decision 218, tax rate of 0.1% of the securities transfer value shall be applied. Accordingly, Investors may have to pay for the tax rate of 0.1% transaction values when receiving gift/inheritance.
Admin

Admin

Published:

25/07/2024

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