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THE MINISTRY
OF FINANCE
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SOCIALIST
REPUBLIC OF VIETNAM
Independence- Freedom- Happiness
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No.127/1999/QD-BTC
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Hanoi,
October 22, 1999
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DECISION
PROMULGATING THE BRACKET
OF CHARGES AND FEES APPLCABLE TO SECURITIES MARKET ACTIVITIES
THE MINISTER OF FINANCE
Pursuant to the Government's Decree No.15/CP
of March 2, 1993 on the tasks, powers and State management responsibilities of
the ministries and ministerial-level agencies;
Pursuant to the Government's Decree No.178/CP of October 28, 1994 on the tasks,
powers and organizational structure of the Ministry of Finance;
Pursuant to the Government's Decree No.04/1999/ND-CP of January 30, 1999 on the
fees and charges belonging to the State budget;
Pursuant to the Government's Decree No.48/1998/ND-CP of July 11, 1998 on
securities and securities market;
After consulting the State Securities Commission (in Official Dispatch
No.141/UBCK of October 14, 1999);
At the proposal of the General Director of Tax,
DECIDES
Article 1
Article 2. The agency(ies) collecting the charges and fees for the State management
over securities market activities shall carry out the registration, declaration
and payment of fees with the tax authorities of localities where such fees are
to be collected according to provisions of the Ministry of Finance's Circular
No.54/1999/TT-BTC of May 10, 1999 guiding the Government's Decree
No.04/1999/ND-CP of January 30, 1999 on the fees and charges belonging to the State
budget.
Article 3. Organizations and individuals engaged in securities market activities
shall have to pay charges and fees stipulated in this Decision
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Article 5. This Decision takes effect 15 days after its signing.
Article 6. Organizations and individuals liable to pay charges and fees for
securities activities, units tasked by the State Securities Commission to
organize the collection of charges and fees, and the concerned agencies shall
have to implement this Decision.
FOR THE MINISTER OF FINANCE
VICE MINISTER
Pham Van Trong
APPENDIX 1
THE BRACKET OF FEES FOR GRANTING OF LICENSES
FOR SECURITIES ISSUANCE, LICENSES FOR SECURITIES TRADING AND
(Promulgated together with the Finance
Minister's Decision No.127/1999/QD-BTC of October 22, 1999)
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Fees to be
collected
Fee levels
Notes
1
Fee for granting of share issuance license
0.02 of the total value of to be-issued shares,
but must not exceed VND50 million
2
Fee for granting of bond issuance license
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3
Fee for granting of permit for re-registration
of shares and bonds
0.02 of the total value of to be-re-registered
shares and bonds, but must not exceed VND50 million
4
Fee for granting of operation license to
securities firm
0.2% of such firm's legal capital
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Fee for granting of operation license to fund
managing company
0.2% of such company's legal capital
6
Fee for granting of operation license to
branch of foreign investment fund managing company
0.2% of such branch's legal capital
7
Fee for granting of license for setting up
securities investment operation
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8
Fee for granting of license for securities
custody operation
VND6,000,000
(Comm-only applicable to custody banks)
9
Fee for granting of license for operating of
representative office of foreign securities trading organization in Vietnam
VND1,000,000
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Fee for granting of practitioner's license to individual
trading in securities and/or providing securities and fund management
services
VND1,000,000
APPENDIX 2
THE BRACKET OF CHARGES AND FEES APPLICABLE TO
ACTIVITIES CONDUCTED AT SECURITIES TRADING
(Promulgated together with the Finance
Minister's Decision No.127/1999/QD-BTC of October 22, 1999)
Ordinal
number
Charges and
fees to be collected
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Notes
1
Trading membership fee
VND50 million
(Collected in lump-sum when a member is
admitted)
2
Equipment system use charge
VND20 million each terminal equipment
On the basis of the quantity of terminals and
peripheral devices used by members
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Charges for trading
3.1
Shares and investment fund certificates
0.1 of traded value
3.2
Bonds
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4
Securities re-listing charge
0.04% of value of to be-relisted securities
Not applicable to Government bonds
5
Annual listing management charge
Not applicable to Government bonds
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For a listed value of less than VND10 billion
VND15 million
5.2
For a value of from VND10 to VND30 billion
VND20 million
5.3
For a listed value of over VND30 to VND0
billion
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5.4
For a listed value of over VND50 billion
VND30 million
6
Securities registration charge
0.075% of value of registered securities
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Custody membership fee
VND20 million
Applicable to all domestic and foreign custody
banks
8
Share depositing charge
VND80/1 share lot
1 lot = 100 shares
9
Share withdrawing charge
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1 lot = 100 shares
10
Share via-account transfer charge
VND80/1 share lot
1 lot = 100 share
11
Share custody charge
VND3/share lot/day
1 lot = 100 share
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Bond consigning charge
VND3/unit
unit = VND100,000
13
Bond withdrawing charge
VND6/unit
unit = VND100,000
14
Via-account bond transfer charge
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unit = VND100,000
15
Bond custody charge
VND20/unit)
unit = VND100,000
(To be collected every six months).