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FAQ

Frequently asked questions

  • Are investors allowed to deposit a part of the total number of securities stated on one passbook?
    Answer After performing securities depository for investors, VSD shall stamp “INVALID’’ on the passbooks/share ownership certificates, therefore, voiding them. Hence, investors must deposit all the securities stated on the passbooks/share ownership certificates.
  • Are investors allowed to transfer some of the securities in their account opened at one depository member to their account opened at another depostitory member?
    Answer As stipulated in the Guideline on securities depository operation, investors are only allowed to transfer securities for the purpose of closing out depository account and to transfer securities in case they request the transfer of the entire amount of securities on the account together with arising entitlements (if any), except for the case where securities transfer is made to separate the investment portfolio of foreign securities companies or foreign investment funds managed by different fund managers, which have been issued with securities trading codes before 15 February 2013 for the implementation of Circular No. 213/2012/TT-BTC dated 6 December 2012 by the Ministry of Finance.
  • How is the update of investors’ account information by Depository members regulated?
    Answer Depository members are responsible for daily update of information on account opening and closing by investors through VSDC’s electronic gateway. The update of investors’ information must be completed before the investors can deposit, withdrawal, transfer and sell/buy securities.
  • What is the stipulation for the documents proving investors’ identity information provided by the depository members in the application file for information modification?
    Answer Documents proving investors’ identity information provided by the depository members in the application file for information modification are specified in Clause 2, 3, Article 12 of the VSDC's Guideline on securities depository operation. In case these documents are not sufficient to prove investors’ identity information, depository members shall provide other documents which include investors’ identity information (account opening contract, household book, certification by competent authorities, etc.).
  • How does an investor who is a foreign securities company incorporated under foreign law open his account to separately manage securities of his own and securities of his clients?
    Answer Investor who is a foreign securities company incorporated under foreign law is allowed to open two securities depository account at a depository member separately manage securities of his own and securities of his clients.
  • How does an individual investor who is holding multiple nationalities open securities depository account?
    Answer Individual investors holding multiple nationalities can choose one of them when opening an account. - Vietnamese, permanently residing abroad, having acquired foreign citizenship but still retaining Vietnamese nationality, can be registered as domestic investors. They can use their passports issued by the competent authorities in Vietnam as the identity information; - If the investor does not choose Vietnamese as his nationality and choose foreign nationality instead, foreign trading code will be used as the identity information.
  • How is account opening by VSDC members regulated?
    Answer Each member of VSDC is allowed to open one depository account at VSDC and is not allowed to open depository account at other members, except for the following circumstances: - A securities company who is suspending their brokerage business is allowed to open one depository account at another securities company to transfer the account balance on their proprietary account. - A securities company who is not an authorized participant of ETF is allowed to open one account at the authorized participant to carry out the creation/redemption transactions of ETF.