Instruction of opening a stock account for foreign investors in Vietnam’s stock market

This article shows the instruction of opening a stock account for foreign investors in Vietnam’s stock market. (How to open a trading securities account in Vietnam) Before making a decision to open a trading account, we recommend the investor should read the article below to get to know some points.
Things you need to know before opening a stock account for the foreigner in Vietnam
This article introduces foreigners who stay in Vietnam, but if you don’t click here and we guide you the way how to open the stock account from aboard.


Step 1: Open a bank account:

  1. Individual investors: 
    – Open the account from abroad
    If you stay in another country and want to open a trading account in Vietnam click here
    – Open the account in Vietnam
    Firstly, individual investors have to open a bank account at BIDV-Nam Ky Khoi Nghia for transaction settlement. Recently, some securities companies such as HSC operates with BIDV bank on creating the bank account for foreign investors. So investors may be able to skip the first step.
  2. Institutional investors:
    Institutional investors have to open a custodial account at the bank.
    – Certificate of Incorporation
    – ID/Passport of the authorized person
    – Other forms as required by the Custodian Bank
    Contact us we will support you for doing that.

Step 2: Prepare necessary legal documents: 

  1. Individual investors: The valid passport (requiring at least one year of validity)
    The investor needs to have 4 notarized copies of the passport.
    If the foreigner is overseas, the investor needs to have a consular legalization copy of their passport which authorized by VN immigration if the foreigner is in Vietnam.
    Open a trading account with the free consultation.
  2. Institutional investors:
    – 01 application for registration of securities trading code signed by the institutional investor. (Form “Securities trading code application form for Institutional Investors”)
    – 01 legalized copy of Incorporation Certificate in the host country and the translation version of Incorporation Certificate (into Vietnamese) notarized in Viet Nam.
    – 01 copy of ID/Passport of the authorized person.

Step 3: Open the stock account

  • – After finishing necessary documents, the investor carries them to the brokerage firm for completing the opening account procedure. We also recommend the investor should contact the brokerage first before going there to make sure that they have someone could guide and introduce their services by your language.
  • Note that each investor is permitted to open a single stock account in Vietnam stock market. If you already have a stock account and want to open a new stock account at another securities company, you have to close the stock account first.

Leave your information contact, and we will give you a free consultation.

Tony Bui

 

 

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