Foreign investor (“FI”) is an individual with foreign nationality or an organization established under foreign law conducting business investment activities in Vietnam.
1. Procedures for opening a securities account for foreign investors:
Step 1: Register a Trading Code ("TC") with the Vietnam Securities Depository and Clearing Corporation (VSDC). This code is unique to each investor.
Step 2: Register for a unique Indirect Investment Capital Account ("IICA") at 01 custodian bank such as: BIDV, Vietcombank, Shinhan Bank, HSBC, Standard Chartered Bank,... (For detailed information, please contact the bank for advice).
Step 3: Complete the registration form to open an account with VNDIRECT.
2. Account opening documents:
- For Foreign Individuals:
| No | Documents provided | Quantity | Note |
| 1 | Securities trading code registration form – Form 41 VSDC form (Individual section) | 02 originals |
For foreign investors without a trading code |
| 2 | Authorization letter to apply for TC (VSDC form) | 02 originals |
For foreign investors without a trading code |
| 3 | Trading code (TC) certificate | 01 notarized copy | For foreign investors who already have a TC |
| 4 | Account opening agreement | 02 copies | |
| 5 | Valid passport | 02 notarized copies still valid | |
| 6 | IICA Account Confirmation or IICA Account Opening Agreement | 01 copy | |
| 7 | FATCA W-8BEN | 02 originals |
For foreign investors with U.S affiliations |
| 8 | FATCA W-9 | 02 originals |
For foreign investors with U.S nationality |
- For foreign organizations:
| No | Documents provided | Quantity | Note |
| 1 | Securities trading code registration form – Form 41 VSD form (Organization section) | 02 originals |
For foreign investors without a trading code |
| 2 | Authorization letter for Securities Trading Code Application (VSDC form) | 02 originals |
For foreign investors without a trading code |
| 3 | Trading code (TC) certificate | 01 notarized copy | For customer who already have a TC |
| 4 | Account opening agreement | 02 originals |
|
| 5 | License to establish and operate a fund or equivalent document issued by a competent foreign regulatory authority, or License to establish and operate, or business registration certificate, or an equivalent document issued by a competent regulatory authority, or license to establish a branch of a foreign organization in Vietnam |
02 consular legalized copies | |
| 6 | Valid passport of the legal/authorized representative | 02 notarized copies still valid | |
| 7 | Documents related to the authority of the legal/authorized representative of the foreign investor (*) | In case foreign investors have multiple representatives/authorized representatives | |
|
8
|
IICA Account Confirmation or IICA Account Opening Agreement | 01 copy | |
| 9 | FATCA W-8BEN-E | 02 originals | For foreign investors with U.S affiliations |
| 10 | FATCA W-9 (for US entities) | 02 originals | For foreign investors with U.S nationality |
(*) Documents related to the authority of the representative of the foreign investor include:
- Organizational charter (copy)
- Authorization letter or Document appointing transaction representative of the organization (1 original)
3. Non-prefunding Services
NPF registration procedure: Foreign investors who wish to register, please contact the Institutional Customer Department directly via email: Team.IST@vndirect.com.vn
The profile must include:
| STT | Documents provided | Quantity |
| 1 | Request for NPF service | 2 originals |
| 2 | NPF Terms and Conditions | 2 originals |
4. How we receive documents:
Foreign investors can either visit in person or send documents by post to the nearest VNDIRECT office or send documents to VNDIRECT's sales staff.
5. Principles for declaring information in securities account opening documents:
- The application must be fully completed with the foreign investor’s information and the registered products or services. The application must be written in blue ink, without correction, erasure or deletion.
- The foreign investor’s information on the Account Opening Agreement/Securities Trading Code Registration Form must match the information on the Passport/Incorporation Registration Certificate/Business Registration Certificate provided by the investor.
- The signatures of the Investor and Related Parties (if any) on the documents must be signed in blue ink, with full name clearly written. Individuals should not use a name stamp or a signature stamp. For organizations, the seal must be clear and not smudged.
For further assistance, please contact Hotline at 1900 5454 09 or send an email to support@vndirect.com.vn
6. Attached documents
Bình luận
0 bình luận
Bài viết bị đóng bình luận.