New Text Notification

New adjustment of service prices in the securities sector of Vietnam

Đức Dũng

11:23, 25/11/2021

Ministry of Finance of Vietnam promulgated Circular 102/2021/TT-BTC dated November 17, 2021 regulating translation prices services in the field of securities are applied at securities trading organizations and commercial banks participating in Vietnam's stock market.

According to the Circular, detailing and expanding the subjects of application of general service rates. Specifically, adding to the group of service providers in the securities sector:

- Foreign bank branches;

- Service center;

- Property auction business.

In parallel, the price list issued together with the Circular has some minor adjustments to some services in line with the current stock market. For example, like:

- For the underlying stock market:

Brokerage service price for buying and selling stocks, fund certificates, and covered warrants (applicable to listed securities and securities registered for trading) is reduced from a maximum of 0.5% of the transaction value to 0.45% of the transaction value.

- For derivative securities market:

Prices for futures brokerage services are adjusted to the downside:

+ Up to 5,000 VND/Index futures contract (compared to 15,000 VND now)

+ Up to 8,000 VND/Government bond futures contract (compared to 25,000 VND now)

Circular 102/2021/TT-BTC of Vietnam takes effect from January 1, 2022 and replaces Circular 128/2018/TT-BTC.

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