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Guidance on Normal Trading Order

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  
VLGF

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
SSIBF

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
Thien Viet Securities Joint Stock Company
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.

Admin

Admin

Published:

22/08/2024

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