How to open stock account in Vietnam from aboard

This article guides foreigners, living outside Vietnam, on the method of opening a stock account at HSC corporation for investing in the Vietnamese stock market. If investors currently live in Vietnam, please read this article and for foreign institutions contact us to get more instructions.

  1. Prepare necessary legal documents:
    – Four notarized copies of the passport; two for opening the bank account, and two for opening the stock account.
    Note: Those notarized copies of your passport must be notarized at the Vietnamese embassy in your country, and require at least one year of validity.
    Currently, HSC cooperates with BIDV for ease of creating a BIDV account to invest in the stock market so the procedure takes fewer steps than before. Now, all you need to create a stock account is to fulfill these documents above and send them to HSC.
  2. Fulfill documents to open a bank account at BIDV bank
    Due to the Vietnamese law, before opening a stock account, you have to have a bank account for transferring money. In Vietnam, BIDV is the only bank having the authorization to create a bank account for foreigners that connect to investors’ stock account for transferring money.  Documents need to prepare:
    – 01 BIDV Account Opening Contract
    – 01 Commitment of using FPI
    – 01 PL1 _AUTHORIZED TRANSACTIONS FROM THE ACCOUNT
    – 02 notarized copies of the passport
    Instructions for completing the applications to open a BIDV bank account from abroad
    Contact us to receive these documents to open a BIDV account, or download  here
  3. Fulfill documents to open a stock account at HSC
    – 01 Account Opening Agreement and Services Registration
    – 01 Securities Trading code Application form
    – 01 Power of Attorney
    -02 notarized copies of the passport.
    Instructions for completing the applications to open a stock account in Vietnam
    Contact us to receive these documents to open a BIDV account, or download here

    To make sure that you fill all the information correctly, we would like to help check it for free before you pack the documents and send them to us. Vnstockmarket assures that your information will be kept confidential.
    Let us know if you care about the Vietnam stock market.
    Line/skype/wechat/Viber/Zalo/Facebook: +84 914612066

 

Tony Bui

 

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