Knowledge
Underlying market
A. Trading fee
|
Service |
Fee |
|---|---|
|
Stocks, fund certificates, covered warrants |
Based on total transaction value per day |
|
1. Less than VND 100 million |
0.35% |
|
2. From VND 100 million to less than VND 300 million |
0.30% |
|
3. From VND 300 million to less than VND 500 million |
0.25% |
|
4. From VND 500 million to less than VND 1 billion |
0.20% |
|
5. From VND 1 billion |
0.15% |
|
Bonds |
0.1% |
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 0.27/share, fund certificate, covered warrant/month |
|
3. Corporate Bonds |
VND 0.18/bond/month. Maximum VND2,000,000/1 bond code/month. |
|
4. Debt instrument depository fee under the Law on Public Debt Management (Government bond) |
VND 0.14/bond code/month. Maximum: VND 1,400,000 VND/bond code/month |
|
5. Transferring securities (partial, full balance, final settlement) |
VND 0.3/time/stock code Maximum: VND 300,000/time/stock code. Minimum: VND 50,000/1 set of documents |
C. Payment fee
| Service | Fee |
|---|---|
| 1. Dividend payment fee | Free of charge |
| 2. Bank transfer | According to the bank fee schedule |
Note: The above-stated fee is exclusive of tax and fee payable to Stock Exchanges and Viet Nam Securities Depository And Clearing Corporation (VSDC).
D. Other service fees
|
Service |
Fee |
|---|---|
|
1. Detailed Client statement |
|
|
1.1 Within 12 months to present |
Free of charge |
|
1.2 Above 12 months to present |
VND10,000 /month on each statement type |
|
2. Confirmation of account balance (in Vietnamese/English) or according to customer's specific request |
|
|
2.1 First statement |
VND50,000/statement |
|
2.2 From two statement |
VND10,000/next copy |
|
3. Request on sending statement to the contact address registered with HSC |
VND10,000 /time |
|
4. Request on copying original documents |
|
|
4.1 Transaction documents issued within 12 months |
VND50,000/document |
|
4.2 Transaction documents issued more than 12 months |
VND100,000/document |
|
5. Confirmation of securities blockade/release |
|
|
5.1 Registration of guaranteed measures |
Service fee: VND500,000/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:
+ 0.1% of the value of blocked securities for stocks, fund certificates, covered warrants, maximum VND10 million /stock code + 0.01% of the value of blocked securities for corporate bonds and debt instruments as prescribed in the Law on Public Debt Management, maximum VND10 million /bond code |
|
6. Securities ownership transfer |
|
|
6.1 Securities ownership transfer Gifts/Inheritances |
Service fee = HSC fee + VSDC fee (Regulated from time to time) of which:
+ Inheritance: free of charge + In case HSC supports the procedure for the transferor of ownership: 0.15% of the value of ownership transfer (minimum VND100,000, maximum VND10,000,000/1 set of documents)
+ 0.1% of the value of ownership transfer for stocks, fund certificates, covered warrants + 0.005% of the value of ownership transfer for corporate bonds and debt instruments as prescribed in the Law on Public Debt Management (except for cases of gift or inheritance between husband and wife, between biological father, a natural mother and natural child, adoptive father, adoptive mother and adopted child, between father-in-law, mother-in-law, and daughter-in-law, between father-in-law and mother-in-law) with sons-in-law, between grandfathers, grandmothers, and grandchildren, between grandfathers, grandmothers, and grandchildren, between brothers, sisters, and brothers). Tax: according to the law |
|
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:
+ In case HSC supports the transferor's procedures, 0.15% of the value of ownership transfer (minimum VND100,000, maximum VND10,000,000 /1 set of transfer documents)
+ 0.1% of the value of ownership transfer for stocks, fund certificates, warrants + 0.005% of the value of ownership transfer for corporate bonds and debt instruments as prescribed in the Law on Public Debt Management Tax: according to the law |
|
6.3 Ownership transfer for securities due to handling of security assets which are registered and blocked at VSD |
VSDC fee: + 0.02% of the value of ownership transfer for stocks, fund certificates, warranties + 0.005% 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:
+ 0.027% of the loan value at the date of signing the loan contract for stocks, investment fund certificates, ETF certificates, covered warrants, minimum VND500,000 for loans payment assistance. + 0.0054% of the loan value for corporate bonds, at least VND500,000 for payment support loans + 0.0042% of the loan value for debt instruments according to the Law on Public Debt Management, at least VND500,000 for payment support loans + 0.0024% of accumulated value of collateral balance (money + value of securities at par value)/contract (maximum VND1,600,00 /contract, minimum VND100,000/contract) Tax: according to the law |
|
6.5 Ownership transfer for securities due to public offering |
Service fee = HSC fee + VSDC fee (Regulated from time to time) of which:
+ In case HSC supports the procedure for the offeror: Fees as agreed + In case HSC supports the procedure for the seller: 0.15% of the value of ownership transfer (minimum VND100,000, maximum VND10,000,000 / 1 set of documents).
Tax: according to the law |
|
6.6 For foreign institutional investors |
Fees as agreed Tax: according to the law |
|
6.7 Other cases |
Fees as agreed Tax: according to the law |
This fee schedule is applied only at Ho Chi Minh City Securities Company and may be changed from time to time.
E. Income tax from securities transfer
1. For domestic individuals, foreign individuals, and foreign institutional:
1.1 Stocks, bonds, fund certificates
Rate of application: 0.1% x securities transfer price each time
Stock transfer price/time = Matching selling price x Matching 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 |
PIT from investment |
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 |