Circular No. 127/2018/TT-BTC stipulates service fees in the securities sector applicable at the Securities Trading Exchange and the Securities Depository Center of Vietnam.

MINISTRY OF FINANCE --------	SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom - Happiness ---------------
Number: 127/2018/TT-BTC	Hanoi, December 27, 2018

CIRCULAR

REGULATIONS ON SERVICE FEES IN THE SECURITIES FIELD APPLICABLE AT THE HO CHI MINH CITY SECURITIES EXCHANGE AND VIETNAM SECURITIES DEPOSITORY

The Government issues this Decree amending and supplementing Clause 2, Article 12 of Decree No. 91/2015/NĐ-CP dated October 13, 2015 of the Government on state capital investment in enterprises and management and use of capital and assets in enterprises, which has been amended and supplemented at Clause 5, Article 1 of Decree No. 32/2018/NĐ-CP dated March 8, 2018 of the Government amending and supplementing some articles of Decree No. 91/2015/NĐ-CP.

Pursuant to the Law on Fees and Charges dated November 25, 2015;

Pursuant to the Law on Prices dated June 20, 2012;

Pursuant to the Law on Public Debt Management dated November 23, 2017;

Pursuant to Decree No. 177/2013/ND-CP dated November 14, 2013, and Decree No. 149/2016/ND-CP dated November 11, 2016 of the Government amending and supplementing certain articles of Decree No. 177/2013/ND-CP dated November 14, 2013 of the Government detailing and guiding the implementation of certain provisions of the Law on Prices;

Pursuant to Decree No. 58/2012/ND-CP dated July 20, 2012, and Decree No. 60/2015/ND-CP dated June 26, 2015 of the Government amending and supplementing certain articles of Decree No. 58/2012/ND-CP dated July 20, 2012 detailing and guiding the implementation of certain provisions of the Securities Law and the Law Amending and Supplementing Certain Provisions of the Securities Law;

Pursuant to Decree No. 86/2016/ND-CP dated July 1, 2016 of the Government on conditions for investment and business in securities, and Decree No. 151/2018/ND-CP dated November 7, 2018 of the Government amending and supplementing certain decrees stipulating conditions for investment and business under the management of the Ministry of Finance;

Pursuant to Decree No. 42/2015/ND-CP dated May 5, 2017 of the Government on derivative securities and the derivative securities market;

Pursuant to Decree No. 91/2018/ND-CP dated June 26, 2018 of the Government on issuance and management of government guarantees;

Pursuant to Decree No. 93/2018/ND-CP dated June 30, 2018 of the Government on management of local government debt;

Pursuant to Decree No. 95/2018/NĐ-CP dated June 30, 2018 of the Government on the issuance, registration, registration custody, listing, and trading of government debt instruments on the securities market;

Pursuant to Decree No. 87/2017/NĐ-CP dated July 26, 2017, issued by the Government, stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;

In accordance with the proposal of the Director of the Price Management Department and the Chairman of the State Securities Commission,

The Minister of Finance issues this Circular prescribing service fees in the securities field applicable at the Ho Chi Minh City Securities Exchange and Vietnam Securities Depository.

Article 1. Scope of Regulation

This Circular prescribes service fees in the securities field applicable at the Ho Chi Minh City Securities Exchange (hereinafter referred to as "Ho Chi Minh City Securities Exchange" or "SGDCK") and at the Vietnam Securities Depository (hereinafter referred to as "Vietnam Securities Depository" or "VSD") in accordance with the law.

Article 2. Applicability

1. Organizations providing services in the securities field as prescribed in this Circular include: Ho Chi Minh City Securities Exchange, Vietnam Securities Depository established and operating in Vietnam.

2. Individuals and organizations using the securities services provided by the service providers mentioned in Clause 1 of this Article include: trading members of the Ho Chi Minh City Securities Exchange (including derivatives trading members), members of the Vietnam Securities Depository (including depository members and clearing members); organizations registering for listing; listed organizations; fund management companies; issuers; organizations opening accounts directly at the Vietnam Securities Depository; individuals and organizations transferring ownership of securities outside the Ho Chi Minh City Securities Exchange's trading system; National Treasury; organizations issuing government-guaranteed bonds in accordance with the Public Debt Management Law; People's Committees of provinces and cities issuing local government bonds.

3. Other organizations and individuals related thereto.

Article 3. Service fees in the securities field applicable at the Ho Chi Minh City Securities Exchange and the Vietnam Securities Depository

1. Service fees in the securities field applicable at the Ho Chi Minh City Securities Exchange and the Vietnam Securities Depository are detailed in the Fee Schedule and Annex attached to this Circular.

2. Service fees in the securities field prescribed in this Circular are not subject to value-added tax in accordance with the Law on Value-Added Tax and any amendments or supplements thereto (if any).

3. For other services not specified in the Fee Schedule, the Ho Chi Minh City Securities Exchange and the Vietnam Securities Depository may set their own service fees in accordance with the actual provision of services and the laws on prices and related laws.

4. The Ho Chi Minh City Securities Exchange and the Vietnam Securities Depository must publicly display service fees, comply with the laws on prices, the laws on securities, and relevant guiding documents.

Article 4. Provisions on payment for service usage fees in the securities sector

1. In cases where an organization re-registers its trading member status at the Stock Exchange, it shall pay service usage fees for registering as a derivatives trading member, managing trading members, maintaining online connection services, and using terminal equipment as if it were a new member. registration as a new member.

In cases where an organization re-registers its trading member depositor clearing member status with VSD , it shall pay service usage fees for managing trading members deposit, clearing members, and registering as a clearing member as if it were a new member. registration as a new member.

2. In cases where trading members are suspended from trading by the Stock Exchange or their trading activities are halted or their online connections are terminated extending into the following year without being terminated as members , such trading members must still pay service usage fees for managing trading members, maintaining online connections, and using terminal equipment in the following year.

In cases where trading members deposit, clearing members are suspended from service provision by VSD for securities custody, clearing, and transaction settlement or temporarily halted from securities custody, clearing and transaction settlement services extending into the following year without being terminated as members , such custodiansor clearing member must still pay service usage fees for managing trading members deposit, clearing members in the following year.

3. In cases where the entity implements audit recommendations, inspections, or financial authorities' requests for activities under its management during the year, the entity must prepare a report on the implementation of audit recommendations, inspections, and financial authorities' requests in accordance with this Circular. Data implemented according to audit recommendations and inspection agencies' requests for projects using state budget investment funds reported according to the model specified in Circular No. 85/2017/TT-BTC dated August 15, 2017 of the Ministry of Finance regarding the final settlement of state budget investment fund usage according to annual fiscal years and other relevant documents shall not be consolidated into the reporting form specified in this Circular. Trading members who have been suspended from trading or had their trading activities halted or their online connections terminated to terminate their member status in that year do not need to pay service usage fees for managing trading members, maintaining online connections, and using terminal equipment in subsequent years. Custodians and clearing members who have been suspended from service provision for securities custody, clearing, and transaction settlement or temporarily halted from securities custody, clearing, and transaction settlement to terminate their member status

In case as custodians, clearing members do not need to pay service usage fees for managing trading members, maintaining online connections, and using terminal equipment in pay service usage fees for managing trading members 4. The service fee for market-making members shall be reduced by a maximum of up to 80% of the price specified in Point 4, Section I, Part A of the Fee Schedule and a maximum of up to 70% of the price specified in Point 3, Section I, Part B of the Fee Schedule after market-making members fulfill their market-making obligations as prescribed by law and specific conditions set by competent authorities. Industry and Custodians and clearing members who have been suspended from service provision for securities custody, clearing, and transaction settlement or temporarily halted from securities custody, clearing, and transaction settlement to terminate their member status

Article 5. Provisions on the time of collection, payment, and refund of service usage fees in the securities sector

1. For annual periodic charges from service prices stipulated in the Service Fee Schedule attached to this Circular, organizations and individuals using the services are responsible for paying the Stock Exchange, VSD before January 31 each year.

2. For monthly periodic charges from service prices stipulated in the Service Fee Schedule attached to this Circular, organizations and individuals using the services are responsible for paying the Stock Exchange,

VSD no later than the 15th day of the following month. no later than the 15th day of the following month.

3. For organizations newly registering as members of the Stock Exchange, VSD, and newly listing, they shall make payments for service usage fees for registering as derivatives trading members, managing trading members, managing listings, maintaining regular online connection services, using terminal equipment, registering as clearing members, managing custodian members, managing clearing members, within five (5) working days from the date the Stock Exchange issues the Decision approving member status, Decision approving listing, VSD issues the Certificate organize credit institutions, foreign bank branches are responsible for organizing the implementation of this Circular.of custodian member, clearing member.

4. The Stock Exchange, VSD 2. In case there are insufficient documents: shall refund service usage fees for managing trading members, maintaining regular online connection services, using terminal equipment, managing custodian members, managing clearing members to Stock Exchange trading members, VSD members within five (5) working days from the date the Stock Exchange issues the Decision terminating trading member status, VSD issues the Decision revoking the Certificate of custodian member, clearing member.

5. The Stock Exchange collects additional send a text message 2. In case there are insufficient documents: service usage fees for managing listings from listed organizations, fund management companies within five (per year) working days from the date the Stock Exchange issues the Decision approving changes in listing in the case of listing changes or the effective date of delisting in the case of delisting.

Article 6. Management and use of revenue from providing services in the securities sector

1. Revenue from providing services, after fulfilling obligations to the state budget as prescribed by law, the remaining portion shall be managed and used by the Stock Exchange and VSD in accordance with the provisions of law.

2. Revenue of VSD from the service of transferring ownership of securities as stipulated at Point 17 (excluding Points 17.1c and 17.5) Part A Section II of the Fee Schedule issued together with this Circular shall be regulated by VSD for the Stock Exchange according to the agreement in the Service Provision Contract to ensure that the maximum amount transferred does not exceed 50% of the revenue received for cases of transferring ownership of listed or registered securities for trading on the Stock Exchange.

3. Forms of cremation and incineration. organize credit institutions, foreign bank branches are responsible for organizing the implementation of this Circular.Organizations and individuals who fail to pay service fees on time or do not fully pay service fees shall have their payment deadlines extended or be handled in accordance with the regulations issued by the Stock Exchange and VSD based on each specific case.

4. When collecting service fees in the securities sector, the Stock Exchange and VSD shall use service provision invoices in accordance with Decree No. 51/2010/ND-CP dated May 14, 2010 of the Government on invoices for goods sales and service provision; Decree No. 04/2014/ND-CP dated January 17, 2014 of the Government amending and supplementing certain articles of Decree No. 51/2010/ND-CP dated May 14, 2010; Decree No. 119/2018/ND-CP dated September 12, 2018 of the Government on electronic invoices when selling goods and providing services; Circular No. 39/2014/TT-BTC dated March 31, 2014 of the Minister of Finance guiding the implementation of Decree No. 51/2010/ND-CP dated May 14, 2010; Circular No. 37/2017/TT-BTC dated April 27, 2017 of the Minister of Finance amending and supplementing Circular No. 39/2014/TT-BTC dated March 31, 2014; Circular No. 26/2015/TT-BTC dated February 27, 2015 of the Minister of Finance guiding value-added tax and tax management under Decree No. 12/2015/ND-CP dated February 12, 2015 of the Government detailing the implementation of the Law amending and supplementing some articles of laws on taxes and amending and supplementing some articles of decrees on taxes and amending and supplementing some articles of

Article 7. Implementation Provisions

Circular No. 39/2014/TT-BTC dated dated March 31, 2014 dated and replacement documents or amended and supplemented documents (if any).

1. This Circular takes effect from February 15, 2019 and replaces Circular No. 241/2016/TT-BTC

November 11, 2016 of the Minister of Finance on service fees in the securities sector applicable at the Stock Exchange and the Securities Depository Center of Vietnam; abolishes the provisions at Point b, Point c Clause 2 Article 3, Clause 5 Article 3, Article 4, Point a Clause 1 Article 5, Clause 2 Article 5 stipulated in Circular No. 15/2018/TT-BTC

Place of Receipt: February 7, 2018 of the Minister of Finance on costs for issuance, exchange, repurchase, principal and interest payment of government bonds, government-guaranteed bonds, and local government bonds. - Government Office; - Central Party Office; - General Secretary's Office; - National Assembly's Office; - President's Office; - Supreme People's Procuracy; - Supreme People's Court; - State Audit Agency; - Central-affiliated provincial/municipal People's Committees, - Provincial Market Surveillance Branches under central cities; - Provincial People's Councils, Provincial People's Committees; - Provincial Departments of Finance under central cities; - Central Agencies of Mass Organizations; - Official Gazette; 2. In cases where organizations and individuals have paid amounts before this Circular takes effect and there is a discrepancy with the amount payable according to this Circular, the Stock Exchange and VSD will not refund or collect additional amounts due to such discrepancies. - Legal Documents Inspection Bureau (Ministry of Justice); - Units under the Ministry of Finance; - Vietnam Chamber of Commerce and Industry; - Government website; - Ministry of Finance website; - To be filed: VT, 3. During the implementation process, if there are any difficulties, organizations and individuals are requested to promptly report to the Ministry of Finance for research and supplementary guidance. (400).

DEPUTY MINISTER DEPUTY MINISTER Tran Van Hieu

- The Prime Minister, Deputy Prime Ministers;

(- Provincial Departments of Finance, Tax Bureaus, State Treasury of provinces and centrally-administered cities;)

A. SERVICE FEES APPLICABLE IN THE PRIMARY SECURITIES MARKET

Serial number	NAME OF SERVICE FEE	PRICE LEVEL	SERVICE FEES SCHEDULE IN THE SECURITIES SECTOR APPLICABLE AT THE STOCK EXCHANGE AND THE VIETNAM SECURITIES DEPOSITORY CENTER	Issued together with Circular No. 127/2018/TT-BTC dated December 27, 2018 of the Minister of Finance	SCOPE OF APPLICATION
I	PAYEE
1	PAYMENT TIME	SERVICE FEES APPLIED AT THE STOCK EXCHANGE	Membership management service fee	20 million VND/year	Trading members (securities companies, commercial banks)
2	Annually
2.1	Applied uniformly for all members and not charged separately based on individual market membership status (stocks, bonds, fund certificates, warrant certificates)
a	Listing registration service fee	10 million VND	Initial listing registration service fee	For stocks, corporate bonds, fund investment certificates, debt instruments as stipulated in the Public Debt Management Law b) Simplified form of allocation: Listing registrant (issuing organization conducting initial listing registration procedures) Within five days	from the date the Stock Exchange issues the Decision approving listing (one-time payment only)
The Standing Office of the Council for International Cooperation on Non-Governmental Organizations (Vietnam Friendship Association) is the agency responsible for receiving registration dossiers, leading, and coordinating with member agencies of the Council to examine dossiers and return results of reviews of registration dossiers of foreign non-governmental organizations in Vietnam.	Not applicable to government debt instruments, government-guaranteed bonds, local government bonds, and	300 million VND
2.2	organizations registering for trading on UPCOM
a	Listing registration service fee	For warrant certificates	Listing registration change service fee	For stocks, corporate bonds, fund investment certificates, debt instruments as stipulated in the Public Debt Management Law b) Simplified form of allocation: 5 million VND/per change in listing registration Listed organizations; Fund management companies with listed fund certificates	from the date the Stock Exchange issues the Decision approving changes in listing Not applicable to government debt instruments, government-guaranteed bonds, local government bonds,
The Standing Office of the Council for International Cooperation on Non-Governmental Organizations (Vietnam Friendship Association) is the agency responsible for receiving registration dossiers, leading, and coordinating with member agencies of the Council to examine dossiers and return results of reviews of registration dossiers of foreign non-governmental organizations in Vietnam.	Not applicable to government debt instruments, government-guaranteed bonds, local government bonds, and	organizations registering for trading on UPCOM, and changes due to swap transactions	Fund issuers of warrant certificates
3	Listing management service fee
3.1	For stocks (listed par value)		Listed organizations	20 million VND/year
a	Listed value below 100 billion VND	15 million dong
The Standing Office of the Council for International Cooperation on Non-Governmental Organizations (Vietnam Friendship Association) is the agency responsible for receiving registration dossiers, leading, and coordinating with member agencies of the Council to examine dossiers and return results of reviews of registration dossiers of foreign non-governmental organizations in Vietnam.	Listed value from 100 billion to less than 500 billion VND	20 million dong
of	Listed value from 500 billion VND and above	20 million VND + 0.001% of the listed value but the total does not exceed 50 million VND
3.2	For corporate bonds, fund investment certificates (excluding ETFs), debt instruments as stipulated in the Public Debt Management Law (listed par value)		Listing registration change service fee	20 million VND/year	Not applicable to government debt instruments, government-guaranteed bonds, local government bonds listed on the Stock Exchange.
a	Listed value below 80 billion VND	15 million dong
The Standing Office of the Council for International Cooperation on Non-Governmental Organizations (Vietnam Friendship Association) is the agency responsible for receiving registration dossiers, leading, and coordinating with member agencies of the Council to examine dossiers and return results of reviews of registration dossiers of foreign non-governmental organizations in Vietnam.	Listed value from 80 billion to less than 200 billion VND	20 million dong
of	Listed value from 200 billion VND and above	20 million VND + 0.001% of the listed value but the total does not exceed 50 million VND
3.3	For ETFs	30 million VND/year	Fund management companies with listed fund certificates	20 million VND/year
3.4	Not applicable to government debt instruments, government-guaranteed bonds, local government bonds, and	1.5 million VND/month	Fund issuers of warrant certificates	Quarterly and before the 15th day of the first month of the next quarter
4	Trading service fee
4.1	Ordinary trading service fee		Trading members	By the end of each month and no later than the 15th day of the following month on the 15th day of the following month
a	Listed shares and investment fund certificates (excluding ETFs)	0.03% of the transaction value
The Standing Office of the Council for International Cooperation on Non-Governmental Organizations (Vietnam Friendship Association) is the agency responsible for receiving registration dossiers, leading, and coordinating with member agencies of the Council to examine dossiers and return results of reviews of registration dossiers of foreign non-governmental organizations in Vietnam.	Listed ETFs	0.02% of the transaction value
of	Corporate bonds and debt instruments as prescribed by the Law on Public Debt Management	0.006% of the transaction value
For coal-fired thermal power plants where the enterprise holds 100% of the registered capital and uses 100% of its own capital to invest in the project approved by the competent authority, E is determined as 100%;	Shares and investment fund certificates registered for trading (UPCOM)	0.02% of the transaction value
đ	Guaranteed warrant certificates	0.02% of the transaction value
4.2	Price of the service for repurchase transactions (repo) of debt instruments as prescribed by the Law on Public Debt Management
a	Term up to 2 days	0.0005% of the transaction value
The Standing Office of the Council for International Cooperation on Non-Governmental Organizations (Vietnam Friendship Association) is the agency responsible for receiving registration dossiers, leading, and coordinating with member agencies of the Council to examine dossiers and return results of reviews of registration dossiers of foreign non-governmental organizations in Vietnam.	Term from 3 to 14 days	0.004% of the transaction value
of	Term over 14 days	0.006% of the transaction value
4.3	Price of the service for combined sale and repurchase transactions of debt instruments as prescribed by the Law on Public Debt Management	0.006% of the transaction value
4.4	Price of the service for borrowing and lending transactions of debt instruments as prescribed by the Law on Public Debt Management
a	Term up to 2 days	0.0005% of the transaction value	Borrowing and lending members of debt instruments as prescribed by the Law on Public Debt Management
The Standing Office of the Council for International Cooperation on Non-Governmental Organizations (Vietnam Friendship Association) is the agency responsible for receiving registration dossiers, leading, and coordinating with member agencies of the Council to examine dossiers and return results of reviews of registration dossiers of foreign non-governmental organizations in Vietnam.	Term from 3 to 14 days	0.004% of the transaction value
of	Term over 14 days	0.006% of the transaction value
5	Price of the online connection service
5.1	Initial online connection price	150 million VND/member	Membership management service fee	For stocks, corporate bonds, fund investment certificates, debt instruments as stipulated in the Public Debt Management Law b) Simplified form of allocation: from the date the Stock Exchange issues the Decision approving the member for online trading (one-time payment only)
5.2	Periodic online connection maintenance price	50 million VND/member/year		20 million VND/year
6	Price of the terminal device usage service	20 million VND/year	Membership management service fee	20 million VND/year
7	Price of the auction and competitive bidding service	0.3% of the total actual value of shares and securities sold, with a maximum of 300 million VND per auction or competitive bidding event and a minimum of 20 million VND per auction or competitive bidding event	Enterprises, organizations, and individuals holding shares and other types of securities subject to auction, competitive bidding according to the provisions of the law	Immediately after the completion of the auction, competitive bidding completed
8	Price of the service for issuing government bonds, national construction bonds, government-guaranteed bonds, and local government bonds through tender	0.025% of the nominal value of issued government bonds/national construction bonds/government-guaranteed bonds but not exceeding 1 billion VND per tender session (including any supplementary tender sessions if applicable)	State Treasury; issuers of government-guaranteed bonds according to the Law on Public Debt Management; provincial and municipal People's Committees issuing local government bonds	By the end of each month and no later than the 15th day of the following month for government bonds, national construction bonds, and government-guaranteed bonds; within five working days from the date of the bond tender for local government bonds
9	Price of the service for purchasing government bonds, government-guaranteed bonds, and local government bonds through tender	0.0075% of the purchase price of government bonds/government-guaranteed bonds/local government bonds through tender but not exceeding 300 million VND per tender session	State Treasury; issuers of government-guaranteed bonds according to the Law on Public Debt Management; provincial and municipal People's Committees issuing local government bonds	Within five working days from the date of the bond tender
10	Price of the service for swapping government bonds, government-guaranteed bonds, and local government bonds through tender	0.0075% of the swap price of government bonds/government-guaranteed bonds/local government bonds through tender but not exceeding 300 million VND per tender session	State Treasury; issuers of government-guaranteed bonds according to the Law on Public Debt Management; provincial and municipal People's Committees issuing local government bonds	Within five working days from the date of the bond tender
II	PRICES APPLIED AT THE SECURITIES DEPOSITORY CENTER VIETNAM
11	Member management service price deposit	20 million VND/year	Depository members (securities companies, commercial banks)	20 million VND/year
12	Securities registration service price
12.1	Initial securities registration service price		Issuing organization	Within 05 days b) Simplified form of allocation: Listing registrant (issuing organization conducting initial listing registration procedures) VSD issues Gthe initial securities registration certificate	Applies to shares, corporate bonds, investment fund certificates (including ETFs), guaranteed warrant certificates Does not apply to government debt instruments, amended and supplemented by Law No. 87/2025/QH15; government-guaranteed bonds, local government bondsg
a	The value of securities registration under 80 billion VND	10 million VND
The Standing Office of the Council for International Cooperation on Non-Governmental Organizations (Vietnam Friendship Association) is the agency responsible for receiving registration dossiers, leading, and coordinating with member agencies of the Council to examine dossiers and return results of reviews of registration dossiers of foreign non-governmental organizations in Vietnam.	The value of securities registration from 80 billion to under 200 billion VND	15 million dong
of	The value of securities registration from 200 billion VND and above	20 million dong
12.2	Additional securities registration service price
a	Shares, corporate bonds, investment fund certificates (excluding ETFs)	5 million VND/per additional securities registration		Within 05 days b) Simplified form of allocation: Listing registrant (issuing organization conducting initial listing registration procedures) VSD issues a revised securities registration certificate	Does not apply to government debt instruments, amended and supplemented by Law No. 87/2025/QH15; government-guaranteed bonds, local government bondsg
The Standing Office of the Council for International Cooperation on Non-Governmental Organizations (Vietnam Friendship Association) is the agency responsible for receiving registration dossiers, leading, and coordinating with member agencies of the Council to examine dossiers and return results of reviews of registration dossiers of foreign non-governmental organizations in Vietnam.	ETF certificates, guaranteed warrant certificates	500,000 VND/per additional securities registration		By the end of each month and no later than the 15th day of the following month
13	Securities custody service price
13.1	Shares, investment fund certificates, guaranteed warrant certificates	0.3 VND/share, investment fund certificate, guaranteed warrant certificate/month	Depository members, organizations opening direct accounts	By the end of each month and no later than the 15th day of the following month	Does not apply to securities held in self-trading accounts of the State Bank
13.2	Bonds enterprises, debt instruments as prescribed by the Law on Public Debt Management	0.2 VND/corporate bond, debt instrument/month, maximum 2,000,000 VND/month/bond code, debt instrument code as prescribed by the Law on Public Debt Management
14	Securities transfer service price
14.1	Securities transfer service between different investor accounts at different depository members	0.5 VND/security/transfer/session/security code (maximum 500,000 VND/transfer/session/security code)	Depository members, organizations opening direct accounts	By the end of each month and no later than the 15th day of the following month	Primary market: applies to transfers negotiable instruments to serve money market operations with the State Bank
14.2	Transfer service price (ii) Method for calculating provisions: to execute payments	0.5 VND/security/transfer/session/security code (maximum 500,000 VND/transfer/session/security code
15	Rights exercise service price
15.1	Less than 500 investors	5 million VND/per rights exercise	Issuing organization	collected immediately per occurrence within five working days from the date VSD prepares the list of actual owners exercising rights for the issuer	Does not apply to government debt instruments, amended and supplemented by Law No. 87/2025/QH15; government-guaranteed bonds and local government bonds
15.2	From 500 to less than 1,000 investors	10 million VND/per rights exercise
15.3	From 1,000 to 5,000 investors	15 million VND/per rights exercise
15.4	More than 5,000 investors	20 million VND/per rights exercise
16	Post-trade error processing service price
16.1	Post-trade error correction service price	500,000 VND/per error correction transaction	Depository members, organizations opening direct accounts	By the end of each month and no later than the 15th day of the following month
16.2	Transaction processing service price security units and localities study the application of information technology to monitor, delayed settlement	1,000,000 VND/per delayed settlement transaction
17	Price of the service for transferring ownership of securities outside the stock exchange trading system
17.1	Transferring ownership of securities				Not applicable in the following cases: a) transferring negotiable instruments from money market operations of the State Bank; b) transfer ownership for the purpose of restructuring state-owned economic groups, state-owned corporations, where the transferring party must hold 100% of the charter capital of the receiving party or the receiving party holds 100% of the charter capital of the transferring party, and among subsidiaries within the same state-owned economic group, state-owned corporation, where the parent company holds 100% of the charter capital of these subsidiaries.
a	Founding shareholders during the restricted period for transferring shares as prescribed by law	0.1% of the value of transferred ownership	The parties implementing the transfer of ownership	Within five working days from the date VSD confirms the transfer of ownership of securities
The Standing Office of the Council for International Cooperation on Non-Governmental Organizations (Vietnam Friendship Association) is the agency responsible for receiving registration dossiers, leading, and coordinating with member agencies of the Council to examine dossiers and return results of reviews of registration dossiers of foreign non-governmental organizations in Vietnam.	Transfer of ownership of listed/securities trading registration securities approved by the Securities Commission	+ 0.1% of the value of transferred ownership + 0.005% of the value of transferred ownership for corporate bonds, debt instruments as stipulated in the Public Debt Management Law
of	Transfer of ownership of securities of public companies registered with VSD but not yet, not listed/traded on the Stock Exchange	+ 0.1% of the value of transferred ownership for stocks, fund certificates + 0.005% of the value of transferred ownership for corporate bonds, debt instruments as stipulated in the Public Debt Management Law
For coal-fired thermal power plants where the enterprise holds 100% of the registered capital and uses 100% of its own capital to invest in the project approved by the competent authority, E is determined as 100%;	Transfer of ownership of securities due to division, split, merger, consolidation, contribution of shares to establish, increase the charter capital of enterprises as prescribed by the Enterprise Law, Securities Law, Civil Code	0.02% of the value of transferred ownership
17.2	Gift, present, give, inherit securities, except in cases of gift, present, give, inheritance between husband and wife, between biological father/mother and biological child, foster father/mother and foster child, between father-in-law/mother-in-law and daughter-in-law/son-in-law, between father/mother and daughter-in-law/son-in-law, between grandfather/grandmother and grandson/granddaughter, between uncle/aunt and nephew/niece, between siblings	+ 0.1% of the value of transferred ownership for stocks, fund certificates, guaranteed warrants + 0.005% of the value of transferred ownership for corporate bonds, debt instruments as stipulated in the Public Debt Management Law	The receiving party of transferred ownership	Within five working days from the date VSD confirms the transfer of ownership of securities
17.3	Transfer of ownership due to implementation of public tender offer	0.03% of the value of transferred ownership	The parties implementing the transfer of ownership	Within five working days from the date VSD confirms the transfer of ownership of securities
17.4	Transfer of ownership due to selling state-owned equity, enterprise-owned equity at listed/securities trading organizations	+ 0.03% of the value of transferred ownership for stocks, fund certificates + 0.005% of the value of transferred ownership for corporate bonds, debt instruments as stipulated in the Public Debt Management Law	The receiving party of transferred ownership	Within five working days from the date VSD confirms the transfer of ownership of securities
17.5	Transfer of ownership of securities in exchange transactions of ETF fund certificates, exercising guaranteed warrants	0.05% of the face value of the underlying securities exchanged for ETF funds, the face value of the underlying securities transferred through exercising guaranteed warrants	Investor executing exchanges (buying/selling ETF fund certificates) with the ETF Fund, investors requesting to exercise guaranteed warrants	By the end of each month and no later than the 15th day of the following month
18	Securities lending/borrowing service through the VSD system
a	Loan term under 15 days	0.004% of the loan amount, minimum 500,000 VND per borrowing/lending transaction	+ For settlement support loans: the borrower pays 100% + For loans supporting ETF member establishment with sufficient securities for capital contribution/exchange transactions with ETF; borrowing government bonds to settle underlying asset transfers when executing government bond futures contracts; borrowing government bonds to sell: the borrower pays 50% and the lender pays 50%.	By the end of each month and no later than the 15th day of the following month
The Standing Office of the Council for International Cooperation on Non-Governmental Organizations (Vietnam Friendship Association) is the agency responsible for receiving registration dossiers, leading, and coordinating with member agencies of the Council to examine dossiers and return results of reviews of registration dossiers of foreign non-governmental organizations in Vietnam.	Loan term 15 days or more	0.006% of the loan amount, minimum 500,000 VND per borrowing/lending transaction
19	Service fee for principal, interest, purchase price of government bonds, construction bonds, government-guaranteed bonds, and local government bonds	0.02% of the principal, interest, purchase price of bonds/construction bonds executed for payment, but maximum not exceeding 400 million VND per payment of principal, interest, purchase price of one bond/construction bond	State Treasury; issuers of government-guaranteed bonds according to the Law on Public Debt Management; provincial and municipal People's Committees issuing local government bonds	By the end of each month and no later than the 15th day of the following month
20	Service fee for principal, interest, purchase price of treasury bills	0.01% of the value of treasury bills actually paid, purchase price of treasury bills, but maximum not exceeding 200 million VND per payment of principal, interest, purchase price of one treasury bill	State Treasury	By the end of each month and no later than the 15th day of the following month

B. PRICES OF SERVICES APPLICABLE IN THE DERIVATIVES MARKET

Serial number	NAME OF SERVICE FEE	PRICE LEVEL	SERVICE FEES SCHEDULE IN THE SECURITIES SECTOR APPLICABLE AT THE STOCK EXCHANGE AND THE VIETNAM SECURITIES DEPOSITORY CENTER	Issued together with Circular No. 127/2018/TT-BTC dated December 27, 2018 of the Minister of Finance	SCOPE OF APPLICATION
I	PAYEE
1	Service fee for registering derivatives trading members	20 million dong	Organizations approved by the Stock Exchange to be derivatives trading members	Within five working days from the date the Stock Exchange issues the Decision approving derivatives trading member status (one-time payment only)	Apply a common fee rate for derivatives trading members and special derivatives trading members of the derivatives market
2	PAYMENT TIME derivative securities	SERVICE FEES APPLIED AT THE STOCK EXCHANGE	Derivatives trading member	20 million VND/year	Apply a common fee rate for derivatives trading members and special derivatives trading members of the derivatives market
3	Service fee for derivatives trading
a	HFutures index contract	30.000 VND per contract	Derivatives trading member	By the end of each month and no later than the 15th day of the following month
The Standing Office of the Council for International Cooperation on Non-Governmental Organizations (Vietnam Friendship Association) is the agency responsible for receiving registration dossiers, leading, and coordinating with member agencies of the Council to examine dossiers and return results of reviews of registration dossiers of foreign non-governmental organizations in Vietnam.	HGovernment bond futures contract	50.000 VND per contract
II	PRICES APPLIED AT THE SECURITIES DEPOSITORY CENTER VIETNAM
4	Service fee for registering clearing members	20 million VND	Organization approved by VSD become Clearing Members	Within five working days from the date VSD issues the Certificate of Clearing Member (one-time payment only)	Apply a common management service fee for all clearing members and direct clearing members
5	Service fee for managing clearing members	30 million VND/year	Clearing member	20 million VND/year	Apply a common management service fee for all clearing members and direct clearing members
6	Service fee for managing positions	3.000 VND per contract/account/day	Clearing member	By the end of each month and no later than the 15th day of the following month
7	Service fee for managing collateral assets	0,003% cumulative balance value of collateral assets (cash + securities value based on face value)/account/month (maximum not exceeding 2,000,000 VND/account/month, minimum not less than 400,000 VND/account/month)	Clearing member	By the end of each month and no later than the 15th day of the following month

ANNEX

GUIDELINES FOR SERVICE FEES IN THE SECURITIES FIELD AT THE PRICING TABLE

(/TT-BCT dated 127/2018/TT-BTC dated 27/12/2018 issued by the Minister of Finance)

A. SERVICE FEES APPLICABLE IN THE PRIMARY SECURITIES MARKET

1. Service fee for managing derivatives trading members

Service fee	=	Price level	x	Time for calculating service fees (month)
		Twelve months

a) The fee level specified in Point 1 Section I Part A Price list.

b) Time for calculating service fees

- In case organization currently a derivatives trading member of the Stock Exchange and does not generate termination of membership status in the year then the time for calculating service fees is 12 months from January 1 of the pricing year.

- In case new organization approved as a derivatives trading member and does not generate termination of membership status in the same year, then the time for calculating service fees is calculated from the month following immediately the month after the Stock Exchange issues the Decision approving membership status until the end of December of that year.

- In case organization currently a derivatives trading and member whose trading is suspended or trading activities are halted in that year voluntarily or compulsorily in the year then the time for calculating service fees is calculated from the first month of the year until the end of the month when the Stock Exchange area or had their trading activities halted or their online connections terminated or trading activities are halted in that year.

- In case new organization approves as a derivatives trading member of the Stock Exchange and member whose trading is suspended or trading activities are halted in that year voluntarily or compulsorily in the year then the time for calculating service fees is calculated from the detailed immediately the month the Securities Trading Corporation ("SGDCK") issues a Decision approving membership until the end of the month of SGDCK area or had their trading activities halted or their online connections terminated or trading activities are halted in that year.

c) In the case of a member formed through merger, consolidation, division, spin-off, conversion, or acquisition that must complete new membership registration procedures shall pay service usage fees similar to the case of registering as a new member. then d) Refund of service usage fees:

In the case where a trading member ceases its membership status,

SGDCK shall refund to the trading member the difference between the service fee paid during the year and the actual service fee that should have been paid according to the formula and guidance provided in Point a and Point b of this Clause. 2. Service Fee for Stock Listing Registration a) The amount specified in Point 2, Section I In the event that an organization registers for listing and subsequently has its listing revoked either compulsorily or voluntarily, the listed entity, including fund management companies and issuers of guaranteed warrant certificates, shall not be entitled to a refund of the service usage fees for listing registration. 3. Service Fee for Managing Listed Stocks has a) The service fee for managing listed stocks, corporate bonds, investment fund certificates, and debt instruments as stipulated in the Law on Public Debt Management. - The amount specified in Points 3.1 and 3.2, Section I Part A of the Pricing Schedule applies correspondingly to each type of security and the listed value.

- In the case where an organization lists multiple types of securities on the same SGDCK, the fee

will be calculated separately for each type of security. Part A Price list.

b) a2) Time for Calculating Service Fees (ii) Method for calculating provisions: - For securities that are listed and not delisted during the year, - For organizations listing for the first time and not delisted during the year, the calculation period for the first year will run from the month immediately following the month in which SGDCK issues the Decision approving listing to December of that year. For listed securities that are delisted during the year,

the calculation period for service fees runs from the beginning of the year to the end of the month

in which the delisting becomes effective. For newly listed securities that are delisted during the year,

Price services	=	Price level	X	Time for calculating service fees (month)
		Twelve months

a1) Price level

the calculation period for service fees runs from the month immediately following the month in which SGDCK issues the Decision approving listing d) Determine the average monthly business travel distance of the position to the end of the month a3) In the case where June 2024;a listed entity.

registers for listing leading to a change in the service fee payable (excluding Exchange-Traded Funds (ETFs)), then amended and supplemented by Law No. 87/2025/QH15; the management listing service fee shall be calculated as the sum of:

- The fee calculated based on the corresponding level for the old type of security and listed value, from the start of the year (or from the month immediately following the month in which SGDCK issues the Decision approving listing for new listings within the year) to the end of the month in which SGDCK issues the Decision approving the next change in listing within the year.

- The fee calculated based on the corresponding level for the new type of security and listed value, from the month immediately following the month in which SGDCK issues the Decision approving the previous change in listing within the year to the end of the month in which SGDCK issues the Decision approving the next change in listing or to the end of December of that year. a4) Refund or Additional Payment of Service Usage Fees for managing listed stocks, then the time for calculating service fees is 12 months from January 1 of the pricing year.

- In the case where securities are delisted during the year, SGDCK shall refund to the listed entity, fund management company the difference between the amount paid during the year and the actual amount that should have been paid according to the formula and guidance provided in Point a1 and a2 of this Clause. Time for calculating service fees - In the case where a change in listing leads to an increase or decrease in the service usage fees payable after the change compared to the fees already paid, of SGDCK shall recalculate

- In case securities that have been listed but delisted during the year the service fee calculation period starts from the the beginning of the year to the end of the month when the delisting decision becomes effective.

- In case securities that are newly listed but delisted during the year the service fee calculation period starts from month immediately following the month in which the Stock Exchange issues the Decision approving the listing to the end of the month when the delisting decision becomes effective.

a3) In the case of an organization that lists, At the proposal of the Director of the Department of Financial Affairs of Banks and Financial Institutions includes to be approved securities leading to a change in the amount of service fees payable (this does not apply to Exchange-Traded Funds (ETFs)), then Quantity (details of each vehicle) the listing management service fee shall be calculated as the sum of:

- The fee calculated based on the corresponding level for the type of security and the old listing value, with the service fee calculation period from the first month of the year (or from the month immediately following the month in which the Stock Exchange issues the Decision approving the listing for new listings within the year) to the end of the month in which the Stock Exchange issues the Decision approving the next listing change in the year.

- The fee calculated based on the corresponding level for the type of security and the new listing value, with the service fee calculation period from the month immediately following the month in which the Stock Exchange issues the Decision approving the previous listing change in the year to the end of the month in which the Stock Exchange issues the Decision approving the next listing change or to the end of December of that year.

refunding or supplementing the service usage fee for managing the listing of shares, For newly listed securities that are delisted during the year,

- In the case where securities are delisted during the year, the Stock Exchange refunds the difference between the amount paid by the listed organization and the fund management company and the actual amount due calculated according to the formula and guidance provided in Points a1 and a2 of this Clause.

- In the case where a change in listing leads to an increase or decrease in the service usage fee payable after the change compared to the fee already paid, then the Stock Exchange recalculates portion of difference to collect additional send a text message refund to listed organization, management company fund.

b) Listing management service fee guaranteed warrant certificates

Service Fee Amount = Fee Rate x Service Fee Calculation Period (months)

b1) Fee Rate d) Determine the average monthly business travel distance of the position Point 3.4 Section I Part A Schedule fee.

b2) Service Fee Calculation Period

- The Service Fee Calculation Period is calculated from the month when the Stock Exchange issues the Decision approving the listing of warrant certificates with collateral until the end of the term of the warrant certificates with collateral.

- In case warrant certificates with collateral that are listed but delisted during the the service fee calculation period starts from month when the Stock Exchange issues the Decision approving the listing to the end of the month when the delisting decision becomes effective.

b3) Refund of Service Fee for Listing Management

In case warrant certificates with collateral are delisted, the Stock Exchange refunds the listed organization the difference between the amount paid by such organizations and the actual amount payable calculated according to the formula and guidance provided at Points b1 and b2 of this Clause.

4. Service Fee for Securities Trading

a) Trading service fee stocks, fund certificates, corporate bonds, debt instruments as prescribed in the Law on Public Debt Management, warrant certificates with collateral.

Service fee	=	Price level	x	Total trading value of each member
Where: - Total trading value of each member	=	Value of securities purchased	+	Value of securities sold

- Fee rate specified at Point 4 Section I Part A Price list.

b) Service Fee for repurchase transactions of debt instruments as prescribed in the Law on Public Debt Management (repo) is only charged once based on the initial transaction value (purchase transaction), not charged for sale transactions.

of) Service Fee for combined sale and repurchase transactions of debt instruments as prescribed in the Law on Public Debt Management: only charged once based on the initial transaction value (sale transaction), not charged for repurchase transactions.

For coal-fired thermal power plants where the enterprise holds 100% of the registered capital and uses 100% of its own capital to invest in the project approved by the competent authority, E is determined as 100%;) Service Fee for borrowing and lending debt instruments as prescribed in the Law on Public Debt Management is only charged once based on the borrowing and lending transaction value, not charged for repayment transactions.: 5. Online Connection Service Fee

The online connection service fee includes the initial connection service fee and the periodic maintenance connection service fee.

a) Initial Connection Service Fee

- The fee rate specified at Point 5.1 Section I

In case a trading member formed through merger, consolidation, division, spin-off, conversion Part A Price list.

- , acquisitionthen the initial online connection service fee is calculated as follows: + Charge the initial online connection service fee for members operating without relying on the existing physical infrastructure, information technology systems, and trading software of any participating member in the merger, consolidation, division, spin-off, conversion, or acquisition. services + Do not charge the initial online connection service fee for members operating based on the existing transaction physical infrastructure,

information technology systems, and trading software of any participating member in the merger, consolidation, division, spin-off, conversion, or acquisition.

b) Periodic Maintenance Connection Service Fee - The fee rate specified at Point 5.2 Section I - Service Fee Calculation Period:

trading members who are online trading members and have not been disconnected by the Stock Exchange to terminate their membership status within the year, the Service Fee Calculation Period is 12 months starting from January 1 of the calculation year.

Service fee	=	Price level	x	Time for calculating service fees (month)
		Twelve months

new online trading members who have not been disconnected by the Stock Exchange to terminate their membership status within the year, the Service Fee Calculation Period Part A Price list.

is calculated

+ In case from the month following the month when the Stock Exchange issues the Decision approving them as online trading members until December of that year.

+ In case + In case trading members who are online trading members and are disconnected to terminate their membership status within the year, the Service Fee Calculation Period is calculated from the first month of the year disconnecting online trading connection

new online trading members who are disconnected to terminate their membership status within the year, the Service Fee Calculation Period is calculated from until the end of the month when the Stock Exchange area the month after the month when the Stock Exchange issues in that year.

+ In case the Decision approving them as online trading members formed through merger, consolidation, division, spin-off, conversion, or acquisition and must go through new registration procedures for online trading members immediately must pay the periodic maintenance connection service fee similar to the case of registering as a new online trading member. d) Refund of Service Fee Usage until the end of the month when the Stock Exchange area the month after the month when the Stock Exchange issues in that year.

c) In the case of a member formed through merger, consolidation, division, spin-off, conversion, or acquisition that must complete new membership registration procedures upon disconnecting online trading connection to terminate membership status, the Stock Exchange refunds then service fee

periodic maintenance connection for

In the case of a member formed through merger, consolidation, division, spin-off, conversion, or acquisition that must complete new membership registration procedures online trading members the difference between the service fee online trading members paid calculated according to the guidance at Point b of this Clause. 6. Price In the event that an organization registers for listing and subsequently has its listing revoked either compulsorily or voluntarily, the listed entity, including fund management companies and issuers of guaranteed warrant certificates, shall not be entitled to a refund of the service usage fees for listing registration. using terminal equipment has a) The service fee for managing listed stocks, corporate bonds, investment fund certificates, and debt instruments as stipulated in the Law on Public Debt Management. - The amount specified in Points 3.1 and 3.2, Section I Fee rate specified at Point 6 Section I

In case securities companies are trading members of the Stock Exchange services and are not

Service fee	=	Price level	x	Time for calculating service fees (month)
		Twelve months

a) Stock Exchange suspended trading Part A Price list.

b) Time for calculating service fees

- voluntarily or compulsorily in the same year voluntarily or compulsorily in the same year then the Service Fee Calculation Period is calculated from the month after or trading activities are halted in that year and are then the time for calculating service fees is 12 months from January 1 of the pricing year.

- In case new organization approved as a derivatives trading member and does not security units and localities study the application of information technology to monitor, in the same year then the Service Fee Calculation Period is calculated from the month after or trading activities are halted in that year the beginning of the year until the end of the month when the Stock Exchange or suspends trading activities for members immediately the month after the Stock Exchange issues the Decision approving membership status until the end of December of that year.

- voluntarily or compulsorily in the same year approved as trading members and in the same year then the Service Fee Calculation Period is calculated from the month after or trading activities are halted in that year and are then the time for calculating service fees is calculated from the in the same year area or had their trading activities halted or their online connections terminated the Service Fee Calculation Period is calculated from the month after in that year.

- In case new organization must pay the service fee for using terminal equipment similar to the case of registering as a new member. security units and localities study the application of information technology to monitor, in the same year then the Service Fee Calculation Period is calculated from the month after or trading activities are halted in that year the beginning of the year until the end of the month when the Stock Exchange d) Refund then usage fee immediately the month the Securities Trading Corporation ("SGDCK") issues a Decision approving membership until the end of the month of SGDCK area or had their trading activities halted or their online connections terminated the Service Fee Calculation Period is calculated from the month after in that year.

c) In the case of a member formed through merger, consolidation, division, spin-off, conversion, or acquisition that must complete new membership registration procedures shall pay service usage fees similar to the case of registering as a new member. then trading members the difference

based on service fee services

SGDCK shall refund to the trading member the difference between the service fee paid during the year and the actual service fee that should have been paid according to the formula and guidance provided in Point a and Point b of this Clause. 2. Service Fee for Stock Listing Registration paid according to the formula and Points a, b of this Clause. 7. Auction Service Fee at the Stock Exchange In the event that an organization registers for listing and subsequently has its listing revoked either compulsorily or voluntarily, the listed entity, including fund management companies and issuers of guaranteed warrant certificates, shall not be entitled to a refund of the service usage fees for listing registration. 3. Service Fee for Managing Listed Stocks has a) The service fee for managing listed stocks, corporate bonds, investment fund certificates, and debt instruments as stipulated in the Law on Public Debt Management. - The amount specified in Points 3.1 and 3.2, Section I a) Fee rate specified at Point 7 Section I

Value of shares, competitive bidding sold used to calculate the service fee level for an auction

/competitive bidding Part A Price list.

b) including the value sold through direct negotiation with investors who participated in the auction (in case/(ii) Method for calculating provisions: of each type of aircraft of the Vietnam Coast Guard the Stock Exchange conductsnegotiated sales of remaining shares not sold from the auction). c) In case the conditions for organizing an auction/ competitive bidding/(ii) Method for calculating provisions: of each type of aircraft of the Vietnam Coast Guard still collect a minimum of 20 million dong per auction.

8. Member Custody Management Service Feea) Fee rate specified at Point 11 Section II currently members

and not revoked by VSD the Member Custody Certificate in the year

Service fee	=	Price level	x	Time for calculating service fees (month)
		Twelve months

Service Fee Calculation Period is 12 months starting from January 1 of the calculation year. Part A Price list.

b) Time for calculating service fees

- In case organization In case organizations deposit status with VSD approved as custody members and not then VSD

- revoked the Member Custody Certificate in the same year then the Service Fee Calculation Period is calculated from the month after Value the month VSD issues the Decision granting the Member Custody Certificate member custody to the end of December of that year if the Depositary Membership Certificate is revoked in the same year, the service fee calculation period starts from the month following immediately the month in which the VSD issues the Decision granting the Depositary Membership Certificate organize credit institutions, foreign bank branches are responsible for organizing the implementation of this Circular.depositary member to the end of December of that year.

- In case organization In case organizations deposit status with VSD and the VSD revokes the Membership Certificate for Depository Services within the year then Time for calculating service fees is calculated from the the beginning of the year to the end of the month when the VSD issues the Decision to revoke the Membership Certificate for Depository Services.

- revoked the Member Custody Certificate in the same year then the Service Fee Calculation Period is calculated from the month after Value is approved as a member of depository services and security units and localities study the application of information technology to monitor, member custody to the end of December of that year revokes the Membership Certificate for Depository Services in the same year, then the service fee calculation period is counted from the detailed immediately the month when the VSD issues the Decision issuing the Membership Certificate for Depository Services Member to the end of the month when the VSD issues the Decision to revoke the Membership Certificate for Depository Services.

c) Depository members formed through merger, consolidation, division, spin-off, conversion, or acquisition In the event that an organization registers for listing and subsequently has its listing revoked either compulsorily or voluntarily, the listed entity, including fund management companies and issuers of guaranteed warrant certificates, shall not be entitled to a refund of the service usage fees for listing registration. to seize, perform the procedures to register as a depository member with the VSD then area pay the service fees as in the cases of registering as new depository members.

periodic maintenance connection for

In case a depository member has their Membership Certificate for Depository Services revoked, the VSD 2. In case there are insufficient documents: money for calculates the depository member's service fee difference 7. Auction Service Fee at the Stock Exchange In the event that an organization registers for listing and subsequently has its listing revoked either compulsorily or voluntarily, the listed entity, including fund management companies and issuers of guaranteed warrant certificates, shall not be entitled to a refund of the service usage fees for listing registration. depository member has a) The service fee for managing listed stocks, corporate bonds, investment fund certificates, and debt instruments as stipulated in the Law on Public Debt Management. - The amount specified in Points 3.1 and 3.2, Section I Part A of the Pricing Schedule applies correspondingly to each type of security and the listed value.

9. Service Fee for Securities Registration

a) The level of price specified in Point 12, Section II Part A Price list.

b) In case the issuer is approved to register (ii) Method for calculating provisions: and subsequently is compulsorily or voluntarily deregistered, the issuer shall not be refunded the service fee for securities registration..

10. Service Fee for Securities Depository

Service fee	=	Price level	x	∑With
		30 days

a) The level of price specified in Point 13, Section II Part A Price list.

b) Calculation Method ∑Vi

Vi is the quantity of securities deposited on day i determined by accumulating the balance of securities deposited across all securities deposit accounts of brokerage activities as well as proprietary trading for securities.

i = 1 to n are the days during the month when there is a balance of securities deposited.

The daily balance of securities deposited is calculated at the end of the day based on documents confirmed by the VSD.

11. Service Fee for Securities Transfer

a) Service fee for transferring securities between investor accounts at different depository members:

The total service fee payable in the month equals the sum of the service fee for transferring securities on day i

(i = 1 to n are the days during the month when there is a transaction of transferring securities between investor accounts at different depository members)

The service fee for transferring securities on day i = ∑(Service Fee Rate x Vj)

Where:

- Price level specified in Point 14.1, Section II Part A Price list.

- Vj is the total number of securities of code j on each securities deposit account according to the securities transfer request on day i of the transferring member, confirmed by the VSD on the effective date of the transfer (j = 1tom are the security codes that have transactions of transferring securities between investor accounts at different depository members on day i).

b) Price services to transfer securities for area payment

The total service fee payable in the month equals the sum of the service fee for transferring payment on day i (i = 1 to n are the days during the month when there is a transaction of transferring payment for securities sale transactions)

Service fee for transferring payment on day i = ∑(Service Fee Rate x "5. The pre-tax weighted average cost of capital i (%) is determined according to the formula below:j)

Where:

- Price level specified in Point 14.2, Section II Part A Price list.

- Pj is the total number of securities code 9. Travel distance is the distance traveled without using mechanical means (cars, motorcycles, motorboats) to reach locations for implementing technical forest management measures and patrolling to protect forests. (j = 1 to m are the code securities sold arising from the transfer payment transaction on day i) sold arising from the transfer payment transaction on day i according to the VSD's Transaction Result Notification.

12. Service Fee services for exercising rights

a) The level of price specified in Point 15, Section II Part A Price list.

b) The service fee for exercising rights is calculated based on the number of security holders of the issuer (including both registered and unregistered holders) listed on the consolidated list of security holders compiled by the VSD according to each announcement of the final registration date for exercising rights.

13. Service Fee for Post-Transaction Error Processing

The post-transaction error processing service fee includes the service fee for correcting post-transaction errors and the service fee for processing delayed settlement transactions.

a) Service fee for correcting post-transaction errors:

Service fee

= Price level x n

the calculation period for service fees runs from the month immediately following the month in which SGDCK issues the Decision approving listing specified in Point 16.1, Section II Part A Price list.

- n is the number of erroneous transactions that have been approved for processing by the VSD

b) Price services xProcessing delayed settlement transactions:

Service fee

= Price level x n

- Price level specified in Point 16.2, Section II Part A Price list.

- n is the number of delayed settlement transactions that have been approved for processing by the VSD.

c) In case transaction errors occur due to unforeseeable technical failures, the service fee for post-transaction error processing will be calculated according to Point a and/or Point b of this Clause, but the total service fee that the depository member must pay shall not exceed 100 million VND/member/failure.

14. Service Fee for Transferring Ownership of Securities Outside the Exchange Trading System

Service fee	=	Price level	x	Value of transferring ownership of securities
Value of transferring ownership of securities	=	Quantity of securities transferred in ownership	x	Price of securities

a) The level of price is specified in Point 17, Section II Part A Price list.

b) The price of securities for calculating the value of the ownership transfer transaction is determined as follows:

- For listed or traded securities:

+ In case of transfer, the price of securities is calculated according to the price recorded in the transfer contract but not lower than the reference price of the securities on the member custody to the end of December of that year date of ownership transfer.

+ In case of gift, donation, inheritance, or contracts without a transfer price or transfer contract, the price of securities is calculated is the reference price of the securities on the member custody to the end of December of that year date of ownership transfer.

+ In case there is no reference price of bonds, the price of securities is calculated face value of the bond.

+ In case of ownership transfer due to auction, the price of securities is taken from the successful bid price of the investor.

- For non-listed or non-traded securities then price of securities is calculated face value of the securities.

c) The service fee for transferring ownership of securities is paid by the parties involved in the ownership transfer (at Points 17.1, 17.3 Part A Section II Pricing Schedule) or the recipient of the ownership transfer (Points 17.2, 17.4 Part A Section II Pricing Schedule) or the investor executing an exchange (buying, selling back ETF certificates) with the ETF fund and the investor requesting to exercise guaranteed warrants (Point 17.5 Part A Section II Pricing Schedule) through the depository member where the parties involved in the ownership transfer open a securities deposit account for the deposited securities or through the issuer for non-deposited securities.

15. Securities Lending and Borrowing Service Fees Through the VSD System

Service Fee for Securities Lending and Borrowing = ∑(Service Fee Rate x Vi)

Where:

The service fee rate is specified in Point 18, Section II, Part A of the Pricing Schedule.

Vi: The value of the loan priced on day i

i = 1 to n is the number of borrowing days

B. SERVICE FEES APPLIED AT DERIVATIVE SECURITIES MARKET

1. Service Fee for Registering as a Derivative Securities Trading Member

a) The level of price specified in Point 1, Section I, Part B of the Pricing Schedule.

b) In case a member terminates its membership status compulsorily or voluntarily, such member shall not be entitled to a refund of the service usage fee for registering as a derivative securities trading member.

2. The price of managing derivative securities trading members

Service fee	=	Price level	x	Time for calculating service fees (month)
		Twelve months

will be calculated separately for each type of security. Part B Price list.

b) Time for calculating service fees

- In case organization who are derivative securities trading members of the Stock Exchange and does not generate termination of membership status in the year then the time for calculating service fees is 12 months from January 1 of the pricing year.

- In case new organization have been approved as derivative securities trading members and do not generate termination of membership status in the same year, then the time for calculating service fees is calculated from the month following immediately from the month the Stock Exchange issues the Decision approving the membership status of derivative securities trading members until the end of December of that year.

- In case organization who are derivative securities trading members and be suspended by or trading activities are halted derivative securities to terminate their membership status voluntarily or compulsorily in the year then the time for calculating service fees is calculated from the first month of the year until the end of the month when the Stock Exchange area the month after or trading activities are halted derivative securities to terminate their membership status.

- In case new organization have been approved as derivative securities trading members of the Stock Exchange and be suspended by or trading activities are halted derivative securities to terminate their membership status voluntarily or compulsorily in the year then the time for calculating service fees is calculated from the detailed immediately from the month the Stock Exchange issues the Decision approving the membership status of derivative securities trading members until the end of the month of the Stock Exchange area the month after or trading activities are halted derivative securities to terminate their membership status.

c) In case a derivative securities trading member is formed through merger, consolidation, division, spin-off, conversion, acquisition and must go through registration procedures derivative securities trading Value then must pay a service usage fee similar to the case of registering as a member derivative securities trading newly.

In the case where a trading member ceases its membership status,

In the case of a member formed through merger, consolidation, division, spin-off, conversion, or acquisition that must complete new membership registration procedures derivative securities terminates its membership status, 2. Service Fee for Stock Listing Registration 3. Service Fee for Managing Listed Stocks derivative securities the difference between the service price In the event that an organization registers for listing and subsequently has its listing revoked either compulsorily or voluntarily, the listed entity, including fund management companies and issuers of guaranteed warrant certificates, shall not be entitled to a refund of the service usage fees for listing registration. member has a) The service fee for managing listed stocks, corporate bonds, investment fund certificates, and debt instruments as stipulated in the Law on Public Debt Management. - The amount specified in Points 3.1 and 3.2, Section I Part A of the Pricing Schedule applies correspondingly to each type of security and the listed value.

3. The service price for derivative securities trading

The service price for futures contract trading

=

Price level

x

(thousand dong/year) quantity of contracts of each member

Where:

Total number of contracts of each member = Number of purchase contracts + Number of sale contracts.

The price level specified in Point 3 Section I Part B Price List.

4. The price of registering as a clearing member

a) The price level specified in Point 4 Section II Part B Price List.

b) In case a clearing member terminates its clearing membership status compulsorily or voluntarily, it shall not be entitled to a refund of the service usage fee for registering as a clearing member.

5. The price of managing clearing members

Service fee	=	Price level	x	Time for calculating service fees (month)
		Twelve months

a) The price level specified in Point 5 Section II Part B Price List.

b) Time for calculating service fees

- In case organization In case organizations clearing status with VSD and is not subject to the VSD's revocation of the Clearing Member Certificate within the year then VSD

- revoked the Member Custody Certificate in the same year then the Service Fee Calculation Period is calculated from the month after Value has been approved as a clearing voluntarily or compulsorily member custody to the end of December of that year revocation of the Member Certificate clearing or suspends trading activities for members immediately the month in which the VSD issues the Decision granting the Depositary Membership Certificate organize credit institutions, foreign bank branches are responsible for organizing the implementation of this Circular.member clearing until the end of December of that year.

- In case organization In case organizations clearing status with VSD but is subject to the VSD's revocation of the Clearing Member Certificate within the year then Time for calculating service fees is calculated from the from the beginning of the year until the end of the month when VSD issues the Decision to revoke the Member Certificate clearing.

- revoked the Member Custody Certificate in the same year then the Service Fee Calculation Period is calculated from the month after Value has been approved as a clearing but security units and localities study the application of information technology to monitor, member custody to the end of December of that year revocation of the Member Certificate clearing in the same year then the period for calculating the service price shall be calculated from the detailed immediately the month when the VSD issues the Decision issuance of the Clearing Member Certificate until the end of the month when VSD issues the Decision to revoke the Member Certificate clearing.

c) A clearing member formed through merger, consolidation, division, spin-off, conversion, acquisition In the event that an organization registers for listing and subsequently has its listing revoked either compulsorily or voluntarily, the listed entity, including fund management companies and issuers of guaranteed warrant certificates, shall not be entitled to a refund of the service usage fees for listing registration. to seize, perform the goes through the procedure to register as a clearing member with VSD then area pays the service price like the cases of registering as a new clearing member.

based on service fee services

In case a clearing member is revoked the Clearing Member Certificate, VSD 2. In case there are insufficient documents: money for clearing member the difference 7. Auction Service Fee at the Stock Exchange In the event that an organization registers for listing and subsequently has its listing revoked either compulsorily or voluntarily, the listed entity, including fund management companies and issuers of guaranteed warrant certificates, shall not be entitled to a refund of the service usage fees for listing registration. clearing member has a) The service fee for managing listed stocks, corporate bonds, investment fund certificates, and debt instruments as stipulated in the Law on Public Debt Management. - The amount specified in Points 3.1 and 3.2, Section I Part A of the Pricing Schedule applies correspondingly to each type of security and the listed value.

6. Service fee for managing positions

Service fee

=

Price level

x

∑With

a) The price level specified in Point 6 Section II Part B Price List.

b) Calculation Method ∑Vi

- V (VND/year): is the total investment capital allocated annually for the usable area of social housing for rent, ensuring the preservation of capital, calculated according to the following formula:_{international} is the day i balance of contracts determined by adding up the balance of contracts on all investor accounts, clearing members.

i = 1 to n are the days in the month with outstanding balances of contracts

- The daily balance of contracts is calculated at the end of the day based on confirmed documents/electronic confirmations that have been verified by VSD.

7. The management service price for collateral assets margin deposit

The management service price for collateral assets margin deposit member clearing must n|||p in the month: P = P₁ + P₂

Where:

P is the management service price for collateral assets margin deposit;

P1 is the management service price for collateral assets margin deposit in cash;

P2 is the management service price for collateral assets margin deposit in securities;

- Management collateral assets margin deposit in cash

Payee: clearing members with outstanding balances of collateral assets margin deposit in cash

The management service price for collateral assets margin deposit in cash of the member clearing must pay in the month: P₁ = ∑Pi

Pi = Rate x daily cash margin deposit balance i

Where:

"5. The pre-tax weighted average cost of capital i (%) is determined according to the formula below:_{international} are management service price for collateral assets margin deposit on day i

- NB is the royalties of the film with high production costs.ton are the days in the month includes daily cash margin deposit balance

Price level specified in Point 7 Section II Part B Price List.

- Management of collateral assets margin deposit in securities

Payee: clearing members with outstanding balances of securities margin deposit

Service fee for managing collateral assets in securities member clearing must pay in the month: P₂ = ∑P_{international}

"5. The pre-tax weighted average cost of capital i (%) is determined according to the formula below:_{international}= Rate x ∑(V_{9. Travel distance is the distance traveled without using mechanical means (cars, motorcycles, motorboats) to reach locations for implementing technical forest management measures and patrolling to protect forests.} x k)

Where:

"5. The pre-tax weighted average cost of capital i (%) is determined according to the formula below:_{international} is the management service price for collateral assets margin deposit in securities on day i;

i = 1 to n are the days in the month with outstanding balances of securities margin deposit;

k is the par value of the security code with outstanding balances on day i;

V_{9. Travel distance is the distance traveled without using mechanical means (cars, motorcycles, motorboats) to reach locations for implementing technical forest management measures and patrolling to protect forests.} is the total outstanding balance of security margin deposit code j on the securities margin deposit account at VSD on day i;

j = 1 to m are the security codes with outstanding balances on day i;

Price level specified in Point 7 Section II Part B Price List.