In Vietnam, what are regulations on prices of securities services?

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• What are regulations on prices of securities services in Vietnam?
• In Vietnam, what do securities service providers include?

What are regulations on prices of securities services in Vietnam?

Pursuant to Article 3 of Circular 102/2021/TT-BTC stipulating prices of securities services as follows:

1. The prices of securities services rendered by securities service providers are elaborated in the Price Schedule enclosed herewith.

Pursuant to regulations of the Law on pricing and relevant laws, and based on the maximum prices and the price brackets specified in the Price Schedule enclosed herewith, securities service providers shall decide specific prices of their provided services.

2. Prices of securities services prescribed herein are not subject to value-added tax in accordance with regulations of the Law on value-added tax and its amendments (if any).

3. Securities service providers shall issue invoices when receiving payments of service prices in accordance with regulations of law.

4. After fulfilling obligations to the state budget as prescribed by law, the remaining amounts of revenues from provision of securities services shall be managed and used in accordance with regulations of law.

5. Securities service providers shall themselves decide the prices of their services which are not specified in the Price Schedule enclosed herewith in conformity with their provision of such services and in accordance with regulations of the Law on pricing, the Law on securities and relevant laws, and shall assume responsibility for their decision.

6. Securities service providers must post and publish their prices of services, and comply with regulations of the Law on pricing, the Law on securities and relevant guiding documents.

In Vietnam, what do securities service providers include?

Pursuant to Clause 1, Article 2 of this Circular:

1. Securities service providers prescribed in this Circular, including: securities trading organizations (including securities companies, securities investment fund management companies, branches of foreign securities companies in Vietnam, and branches of foreign fund management companies in Vietnam), commercial banks, foreign bank branches, auction service centers or auction enterprises, as defined in the Law on property auction, participating in Vietnam’s securities market in accordance with regulations of law (hereinafter referred to as “securities service providers”).

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