14TH NATIONAL CONGRESS OF THE COMMUNIST PARTY OF VIETNAM

Vietnam finance ministry extends program to support stock market

Ngoc Thuy

Jul 27, 2020 / 11:45 PM

The reducing and waiver of securities services fees would last until June 30, 2021.

Vietnam’s Ministry of Finance (MoF) has decided to extend the validity period of Circular No.14 that exempts fees for six securities services and lowers the fees for nine others for another 10 months to June 30, 2021 in a move to support traders.

Vietnam's finance ministry has decided to extend a support program for the stock market.

The free services include registration for listing; securities registration; securities borrowing and lending via the Vietnam Securities Depository (VDS); membership registration for derivatives transaction; registration for clearing participant; and first time online connection.

Meanwhile, nine other securities services are subject to reductions from 10% to 50% of the current fees, including a 10% reduction for transaction fees on the share and derivatives market, securities depository; 15 – 20% reduction for position management fee, management of margin assets on the derivatives market; 30 – 50% reduction for management of covered warrants after listing, information registration, stock transfer, auction and competitive offering.

Circular No.14 was enacted on March 18 and was initially set to take effect until August 31 to help stock investors overcome impacts of the Covid-19 pandemic.

At the close today, Vietnam’s benchmark VN-Index plunged 5.3% to 785.17 as news about the local coronavirus infections in Danang spooked investors. This was the sharpest drop among stock markets globally during Monday’s trading session.

Vietnam shares plunge 5.3% on Covid-19 resurgence; market cap falls US$10 billion

27 Jul, 17:17

This marked the sharpest drop among stock markets globally during today’s trading session.

Vietnam stock market needs upgrading to emerging status soon: PM

20 Jul, 16:16

Vietnam’s stock market has been the platform to help firms like Vietcombank, Vinamilk and Vingroup, expand to regional and global stages.

Foreign investors return to Vietnam stocks with Covid-19 under control: Bloomberg

16 Jun, 16:31

Foreign investors have been net buyers so far this month -- a first since January -- amid a stable currency.

Vietnam to tax crypto asset transfers at 0.1%

This approach mirrors the current tax calculation applied to securities transactions.

05 Feb, 04:53 PM

Hanoi craft exhibition showcases Tet goods as shopping demand rises

Featuring 100 booths, the exhibition brings together artisans and businesses from Hanoi and neighboring provinces, presenting handicrafts, gifts, decorations and specialty foods, while promoting craft villages and stimulating consumption ahead of the 2026 New Year.

05 Feb, 01:14 PM

Vietnam establishes support body for International Financial Center Council

Beyond internal coordination, the support body undertakes international cooperation, information and communication activities.

05 Feb, 01:04 PM

Hanoi draws US$102 million in foreign direct investment during January

Strong investor activity continued in the capital at the start of the year, as a mix of new projects, capital adjustments and share acquisitions helped reinforce Hanoi’s role in sustaining Vietnam’s positive foreign investment trend.

04 Feb, 10:22 PM

Vietnam pushes rural e-commerce expansion to narrow digital divide nationwide

As Vietnam’s e-commerce market accelerates, attention is shifting toward how national policies and platform-led initiatives can help smaller localities overcome structural barriers, bringing digital trade opportunities to mountainous, border and rural communities.

04 Feb, 09:22 PM