Promulgation of Circular guiding the policy on service prices in the field of securities in Vietnam

Promulgation of Circular guiding the policy on service prices in the field of securities in Vietnam
Tran Thanh Rin

On November 26, 2024, the Minister of Finance of Vietnam issued Circular 83/2024/TT-BTC guiding the mechanisms and policies regarding service pricing in the field of securities at the Vietnam Stock Exchange and its subsidiaries, as well as the Vietnam Securities Depository and Clearing Corporation.

Promulgation of Circular guiding the policy on service prices in the field of securities in Vietnam

Circular 83/2024/TT-BTC guides the mechanisms and policies on service prices in the securities sector set by the State, applied at the Vietnam Stock Exchange and its subsidiaries (hereinafter referred to as VSE), and the Vietnam Securities Depository and Clearing Corporation (hereinafter referred to as VSDC), in accordance with legal regulations.

For services in the securities sector not priced by the State, VSE and VSDC independently set prices and assume full responsibility for the service pricing they provide, ensuring conformity with the reality of service provision and legal regulations concerning pricing, securities, and related laws.

The subjects of application for Circular 83/2024/TT-BTC include:

(i) Organizations providing services in the securities sector as stipulated in this Circular, including: the Vietnam Stock Exchange and its subsidiaries, the Vietnam Securities Depository and Clearing Corporation.

(ii) Organizations and individuals utilizing securities services provided by the service-providing organizations mentioned in (i) including:

Members of VSE; members of VSDC; listing registration organizations; listed organizations; securities investment fund management companies; issuers; public companies; organizations opening direct accounts at VSDC; individuals and organizations executing securities ownership transfer outside VSE's trading system; the State Treasury; organizations issuing bonds guaranteed by the Government of Vietnam as regulated by the Law on Public Debt Management; People's Committees of provinces and cities issuing local government bonds.

(iii) Other related organizations and individuals.

More details can be found in Circular 83/2024/TT-BTC, which takes effect from January 10, 2025, and replaces Circular 101/2021/TT-BTC.

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