Laws of Vietnam

THE MINISTER OF FINANCE

DECIDES:

Article 1.- To promulgate together with this Decision the bracket of charges and fees applicable to securities market activities.

Article 2.- The agency(ies) collecting the charges and fees for the State management over securities market activities shall carry out the registration, declaration and payment of fees with the tax authorities of localities where such fees are to be collected according to provisions of the Ministry of Finance’s Circular No.54/1999/TT-BTC of May 10, 1999 guiding the Government’s Decree No.04/1999/ND-CP of January 30, 1999 on the fees and charges belonging to the State budget.

Article 3.- Organizations and individuals engaged in securities market activities shall have to pay charges and fees stipulated in this Decision.

Article 4.- The agency(ies) collecting charges and fees for securities activities may deduct 10% of the collected charge and fee amount to cover the collection-organizing expenses according to provisions at Point 5.b, Section III of the Ministry of Finance’s Circular No.54/1999/TT-BTC of May 10, 1999. Particularly for the securities trading centers, the deduction levels shall comply with the provisions at Point 3c, Section II of the Ministry of Finance’s Circular No.10/1999/TT-BTC of January 29, 1999 provisionally guiding the financial management regime applicable to the Securities Trading Centers.

Article 5.- This Decision takes effect 15 days after its signing.

Article 6.- Organizations and individuals liable to pay charges and fees for securities activities, units tasked by the State Securities Commission to organize the collection of charges and fees, and the concerned agencies shall have to implement this Decision.

For the Minister of Finance
Vice Minister
PHAM VAN TRONG

APPENDIX 1

THE BRACKET OF FEES FOR GRANTING OF LICENSES FOR SECURITIES ISSUANCE, LICENSES FOR SECURITIES TRADING AND PRACTICE

(Promulgated together with the Finance Minister’s Decision No. 127/1999/QD-BTC
of October 22, 1999)

1 Fee for granting of share 0.02% of the total value of
issuance license to be-issued shares, but must
not exceed 50 million dong

2 Fee for granting of bond 0.02% of the total value of
issuance license to be-issued bonds, but must
not exceed 50 million dong

3 Fee for granting of permit for 0.02% of the total value of the
re-registration of shares and bonds to be - re-registered shares and
bonds, but must not exceed
50 million dong

4 Fee for granting of operation license to 0.2% of such firm’s legal
securities firm capital

5 Fee for granting of operation license to 0.2% of such company’s legal
fund managing company capital

6 Fee for granting of operation license to 0.2% of such branch’s legal
branch of foreign investment fund capital
managing company

7 Fee for granting of license for setting up 0.02% of the total value of the
securities investment fund issued certificates, but must not
exceed 50 million dong

8 Fee for granting of license for securities 6,000,000 dong (Commonly custody operation applicable to
custody banks)

9 Fee for granting of license for opening of 1,000,000 dong
representative office of foreign securities
trading organization in Vietnam

10 Fee for granting of practitioner’s license 1,000,000 dong
to individual trading in securities and/or
providing securities and fund management
services

APPENDIX 2

THE BRACKET OF CHARGES AND FEES APPLICABLE TO ACTIVITIES CONDUCTED AT SECURITIES TRADING CENTERS

(Promulgated together with the Finance Minister’s Decision No.127/1999/QD-BTC
of October 22, 1999)

Ordinal Charges and fees Fee levels Notes
number to be collected

1 Trading membership fee 50 million dong (Collected in lump-
sum when a member
is admitted)

2 Equipment system use charge 20 million dong/each On the basis of the
terminal equipment quantity of terminals
and peripheral devices used by members

3 Charges for trading

3.1 Shares and investment fund
certificates 0.1% of traded value

3.2 Bonds 0.075% of traded value

4 Securities re-listing charge 0.04% of value of Not applicable to
to be-relisted securities Government bonds

5 Annual listing management charge Not applicable to Government bonds

5.1 For a listed value of less than
10 billion dong 15 million dong

5.2 For a listed value of from
10 to 30 billion dong 20 million dong

5.3 For a listed value of over
30 to 50 billion dong 25 million dong

5.4 For a listed value of
over 50 billion dong 30 million dong

6 Securities registration charge 0.075% of value of
registered securities

7 Custody membership fee 20 million dong Applicable to all
domestic and foreign custody banks

8 Share depositing charge 80 dong/1 share lot 1 lot = 100 shares

9 Share withdrawing charge 160 dong/1 share lot 1 lot = 100 shares

10 Share via-account transfer charge 80 dong/1 share lot 1 lot = 100 shares

11 Share custody charge 3 dong/share lot/day 1 lot = 100 shares

12 Bond consigning charge (3 dong/unit) (unit = 100,000 dong)

13 Bond withdrawing charge (6 dong/unit) (unit = 100,000 dong)

14 Via-account bond transfer charge 3 dong/bond unit (unit = 100,000 dong)

15 Bond custody charge (20 dong/unit) (unit = 100,000 dong) (To be collected every
six months).