INVESTMENT GUIDE FOR FOREIGN INVESTORS
INSTRUCTION | NOTES | |
---|---|---|
STEP 1 | Apply for Securities Trading Code | Application submitted to Vietnam Securities Depository (VSDC) – contact SSI Securities Corporation (SSI) for assistance. |
STEP 2 | Open Foreign Indirect Investment Capital Account | Application submitted to any commercial banks in Vietnam |
STEP 3 | Open an open-ended fund trading account | At SSI or any designated distributors of SSIAM. |
TRADING OVERVIEW
MINIMUM SUBSCRIPTION AMOUNT |
VND10,000 |
---|---|
MINIMUM REDEMPTION AMOUNT | 02 (Two) Fund Units |
DEALING DATE |
The Dealing Date is every Monday to Friday (Day T) |
CUT-OFF TIME |
14:40 on Day T-1 |
SUBSCRIPTION ORDER
|
INSTRUCTION | NOTES |
---|---|---|
STEP 1 |
Transfer of Subscription money from the Foreign Indirect Investment Capital Account |
Before 17:00 on Day T-1 Transfer Details: 1. SSI-SCA Beneficiary name: QUY DAU TU LOI THE CANH TRANH BEN VUNG SSI Bank account: in accordance to each Distributor’s At Bank: Standard Chartered Bank (Vietnam) Limited 2. VLGF Beneficiary account: QUY DAU TU TANG TRUONG DAI HAN VIET NAM Bank account: in accordance to each Distributor’s At Bank: Standard Chartered Bank (Vietnam) Limited 3. SSIBF Recipient: QUY DAU TU TRAI PHIEU SSI Bank account: in accordance to each Distributor’s At Bank: Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) – Ha Thanh branch
Transfer amount: The registered subscription amount Description: [Investor Name][Open-ended Fund Trading Account Number] buy SSISCA/VLGF/SSIBF |
STEP 2 |
Complete Subscription Form and submit to distributor. |
Before 14:40 on day T-1 |
STEP 3 |
Receive transaction confirmation |
Within 03 working days after the Dealing Date (Day T) |
FUND BANK ACCOUNT AT SUPERVISORY BANK
Investors transfer subscription money to the bank account associated with the distributor at which their open-ended fund trading account was registered.
SSI-SCA
|
DISTRIBUTOR | ACCOUNT NUMBER | BENIFICIARY NAME AND BENEFICIARY BANK |
---|---|---|---|
1 |
SSI Securities Corporation |
90275350203 |
Beneficiary name: QUY DAU TU LOI THE CANH TRANH BEN VUNG SSI
Beneficiaty bank: Standard Chartered Bank (Vietnam) Limited
|
2 |
SSI Asset Management Company Limited |
90275350205 |
|
3 |
Vietcombank Securities Limited Company |
90275350204 |
|
4 |
Ho Chi Minh City Securities Corporation
|
90275350207 |
|
5 |
MB Securities Joint Stock Company |
90275350208 |
|
6 |
Bao Viet Securities Corporation |
90275350211 |
|
7 |
Finco Vietnam Company Limited |
90275350218 |
|
8 | Mirae Asset Securities (Vietnam) Limited Liability Company | 90275350219 | |
9 | Thien Viet Securities Joint Stock Company | 90575350221 | |
10 | VPBank Securities Joint Stock Company | 90575350224 | |
11 | Digi Invest Joint Stock Company | 90575350225 |
|
DISTRIBUTOR | ACCOUNT NUMBER | BENIFICIARY NAME AND BENEFICIARY BANK |
---|---|---|---|
1 |
SSI Securities Corporation |
90435575005 |
Beneficiary name: QUY DAU TU TANG TRUONG DAI HAN VIET NAM
Beneficiaty bank: Standard Chartered Bank (Vietnam) Limited
|
2 |
SSI Asset Management Company Limited |
90435575004 |
|
3 |
Finco Vietnam Company Limited |
90435575006 |
|
4 | VPBank Securities Joint Stock Company | 90435575007 |
|
DISTRIBUTOR | ACCOUNT NUMBER | BENIFICIARY NAME AND BENEFICIARY BANK |
---|---|---|---|
1 |
SSI Securities Corporation |
1221282562 |
Beneficiary name: QUY DAU TU TRAI PHIEU SSI
Beneficiary bank: Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) – Ha Thanh branch
|
2 |
SSI Asset Management Company Limited |
1221282571 |
|
3 | Mirae Asset Securities (Vietnam) Limited Liability Company | 1222133663 | |
4 | Finco Vietnam Company Limited | 1221809387 | |
5 |
|
1222168717 | |
6 | VPBank Securities Joint Stock Company | 8670038792 | |
7 | Digi Invest Joint Stock Company | 8690043093 | |
8 | INVESTINGPRO Joint Stock Company | 8690045144 |
REDEMPTION ORDER
|
INSTRUCTION | NOTES |
---|---|---|
STEP 1 |
Complete Redemption Form and submit to the distributor |
Before 14:40 on Day T-1 |
STEP 2 |
Receive Trading Confirmation |
Within 02 working days after the Dealing Date (Day T) |
STEP 3 |
Receive Redemption Payment |
To Investor’s Foreign Indirect Investment Capital Account within 05 working days after Dealing Date (Day T) |
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 dividend 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 with held at source.
(2) An individual is not required to pay personal income tax when receiving dividend 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 securities transfer. Under the 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.