According to Circular No. 127/2018/TT-BTC issued by the Ministry of Finance, starting from February 15, 2019, investors who trade Derivatives will pay the following fees to the Vietnam Securities Depository Center (VSD) and the Ha Noi Stock Exchange (HNX) in additional to the current trading fee paid to Rong Viet Securities:

1. Futures Trading Fee collected by the HNX:  

• Index Futures:   VND 3,000 / unit
• Government Bonds Futures:   VND 5,000 / unit

 Example:   During a trading day, an investor opens 20 positions and closes 06 positions of the Index Futures. The trading fee paid to the HNX at the end of the day will be calculated as: (20+6) x 3,000 = VND 78,000.

2. Position Management Fees collected by the VSD:  VND 3,000/ unit/ day (including weekends and holidays)

Using the same example, during a trading day, an investor opens 20 positions and closes 06 positions, leaving the net of 14 units. The Position Management Fee that the VSD will collect at the end of the day is calculated as: 14 x 3,000 = VND 42,000 / day.

3. Deposited Assets Management Fees collected by the VSD:

0.003% of the accumulated deposited assets (cash + securities based on face value) per account per month (including weekends and holidays)

Maximum:  VND 2,000,000 / account / month

Minimum:   VND    400,000 / account / month

Example:  An investor has a total asset of VND 300 million under the deposit account at VSD from March 01, 2019 to March 31, 2019. The estimated Deposited Assets Management Fee as of the end of March will be VND 300,000,000 x 0.003% x 31 = VND 279,000. However, the minimum amount is VND 400,000 per month so the investor needs to pay VND 400,000 to the VSD for the month of March, 2019.

More further details, please contact our Call Center at 028 6299 2020.

Sincerely yours,