THE MINISTRY OF FINANCE
 
SOCIALIST REPUBLIC OF VIETNAM
Independence – Freedom - Happiness
No.: 27/2010/TT-BTC
Hanoi, February 12, 2010
 
CIRCULAR
PRESCRIBING RATES AND THE COLLECTION, REMITTANCE, MANAGEMENT AND USE OF CHARGES FOR SECURITIES OPERATIONS TO BE APPLIED AT THE STOCK EXCHANGES AND THE VIETNAM SECURITIES DEPOSITORY CENTER
THE PRIME MINISTER
 
Pursuant to the Law on Securities;
Pursuant to the Ordinance on Charges and Fees;
Pursuant to the Ordinance on Prices;
Pursuant to the Government's Decree No. 14/ 2007/ND-CP of January 19, 2007, detailing a number of articles of the Law on Securities;
Pursuant to the Government's Decree No. 57/ 2002/ND-CP of June 3, 2002, and Decree No. 24/2006/ND-CP of March 6, 2006, detailing the implementation of the Ordinance on Charges and Fees;
Pursuant to the Government's Decree No. 75/ 2008/ND-CP, amending and supplementing a number of articles of the Government's Decree No. 170/2003/ND-CP of December 25, 2003, detailing a number of articles of the Ordinance on Prices;
Pursuant to the Government's Decree No. 118/2008/ND-CP of November 27, 2008, defining the functions, tasks, powers and organizational structure of the Ministry of Finance;
The Ministry of Finance prescribes rates and the collection, remittance, management and use of charges for securities operations to be applied at the Stock Exchanges and the Vietnam Securities Depository Center as follows:
 
Article 1. Subjects of application
1. Charges for securities operations prescribed in this Circular shall be levied for jobs related to securities operations at the Stock Exchanges and the Vietnam Securities Depository Center.
2. Institutions authorized to collect charges for securities operations prescribed in this Circular include the Ho Chi Minh City Stock Exchange, the Hanoi Stock Exchange and the Vietnam Securities Depository Center.
Article 2. Charge payers
Charge payers are institutions and individuals that perform jobs related to professional operations of the securities trading market specified in the charge tariff attached to this Circular.
Article 3. Charge tariff
Securities charge rates to be applied at the Stock Exchanges and the Vietnam Securities Depository Center are specified in the charge tariff attached to this Circular.
The charge for initial listing registration shall be collected upon approval of securities listing and will not be collected in case of transfer of listing registrations between the Stock Exchanges.
3. The charge for trading member management and yearly due for depository membership shall be calculated for a year of full 12 months, counting from the first day of the month following the month of admission of a trading member or depository member.
For example: For institution A which registers to be a trading member or depository member from February 10, 2009, the charge for trading member management or the yearly due for depository membership shall be counted from March 1, 2009.
4. Securities companies performing online trading operations shall pay the charge for initial online connection as soon as they are admitted by the Stock Exchanges as online trading members.
5. The yearly maintenance charge shall be calculated for a year of full 12 months, counting
from the first day of the month following the month of network connection.
For example: For institution B which registers for online trading from February 1£D009, the
connection charge shall be counted from March 1, 2009.  
6. The charge for repo trading of government bonds shall be collected only once upon identification of initial transactions,
7. The charge for listing registration specified at Point 2 of the charge tariff attached to this Circular will not be levied on government bonds.
8. The charge for securities registration specified at Point 9 of the charge tariff attached to this Circular will not be levied on government
9. Trading value in cases of securities ownership transfer specified at Point14 of the charge tariff attached to this Circular shall be determined as follows: