✦ Tóm lược thông minh
This instrument details the services provided by the Vietnam Securities Depository Center (VSDC) for the securities market and derivatives market, including registration of clearing members, management of clearing members, bond principal and interest payment settlement, securities lending/borrowing, registration of security pledges, freezing of securities at the request of investors, and other related securities trading services.
Đối tượng áp dụng
Securities companies, commercial banks, foreign branches of banks, and other parties participating in the securities market and derivatives market.
Các điểm cốt lõi
- Registration service for clearing members for both the ordinary securities market and the derivatives market.
- Management of securities lending/borrowing transactions, management of collateral assets, and bond principal and interest payment settlement.
- Providing registration services for security pledges with respect to securities already registered at VSDC.
- Implementing the freezing and unfreezing of securities at the request of investors.
- Netting securities trading and derivatives trading, managing risks related to such transactions.
🌐 Tác động xã hội từ văn bản này
- Enhancing transparency and efficiency in the Vietnamese financial market.
- Minimizing credit and liquidity risks for participants in the market.
- Providing a solid foundation for the development of the derivatives securities market.
❓ Câu hỏi thường gặp
What services does VSDC provide to individual investors?
Individual investors may use services such as registration of security pledges, freezing of securities at their request, and bond principal and interest payment settlement through their depository member at VSDC.
How is the process for registering as a clearing member at VSDC conducted?
To register as a clearing member, companies need to submit an application in accordance with regulations and be issued a Clearing Member Certificate after completing the evaluation process.
Does VSDC support securities lending/borrowing transactions?
Yes, VSDC manages securities lending/borrowing transactions and related collateral assets.
Toàn văn
MINISTRY OF FINANCE
THE SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness
No.: 34/2026/TT-BTC
Hanoi, March 30, 2026
CIRCULAR
— Specifies economic and technical characteristics of securities services in the field of securities by the Vietnam Stock Exchange and its subsidiaries, the Central Depository and Clearing Company of Vietnam and its subsidiaries with state pricing
Based on Law No. 16/2023/QH15 amended and supplemented by Law No. 140/2025/QH15;
Based on Securities Law No. 54/2019/QH14 amended and supplemented by Law No. 56/2024/QH15;
Based on Circular No. 85/2024/NĐ-CP of the Government detailing and guiding implementation of certain provisions of the Price Law;
Based on Circular No. 29/2025/NĐ-CP of the Government on functions, tasks, powers, and organizational structure of the Ministry of Finance amended by Circular No. 166/2025/NĐ-CP;
In accordance with a proposal from the Chairman of the State Securities Commission
The Minister of Finance promulgates this Circular to specify economic and technical characteristics of securities services in the field of securities by the Vietnam Stock Exchange and its subsidiaries, the Central Depository and Clearing Company of Vietnam and its subsidiaries with state pricing.
Article 1. Scope of Application and Applicable Subjects
1. This Circular specifies the economic and technical characteristics of securities services in the field of securities by the Vietnam Stock Exchange and its subsidiaries, the Central Depository and Clearing Company of Vietnam and its subsidiaries with state pricing.
2. The applicable subjects of this Circular include: the Vietnam Stock Exchange and its subsidiaries, the Central Depository and Clearing Company of Vietnam and its subsidiaries, relevant agencies, organizations, and individuals.
Article 2. Economic and Technical Characteristics of Securities Services in the Field of Securities by the Vietnam Stock Exchange and Its Subsidiaries, the Central Depository and Clearing Company of Vietnam and Its Subsidiaries with State Pricing
The economic and technical characteristics of securities services in the field of securities by the Vietnam Stock Exchange and its subsidiaries, the Central Depository and Clearing Company of Vietnam and its subsidiaries with state pricing are specified in the Annex attached to this Circular.
Article 3. Implementation Provisions
This Circular takes effect from March 15, .
2. The Securities Commission, Price Control Authority, Vietnam Stock Exchange and its subsidiaries, Central Depository and Clearing Company of Vietnam and its subsidiaries, relevant agencies, organizations, and individuals are responsible for implementing this Circular.
For reference:
Office of the Central Committee and its Departments;
Office of the General Secretary;
Office of the Government;
Office of the National Assembly;
Office of the President:
Prime Minister, Deputy Prime Ministers of the Government:
Ministries, agencies at the same level as ministries, and agencies under the Government:
Central organs of mass organizations:
Supreme People's Procuratorate:
Supreme People's Court:
People's Councils, People's Committees of provinces and cities directly under the Central Government:
National Audit Office:
Standing Committee of the National Assembly;
Department for Checking Legal Documents and Handling Administrative Violations (Attached to Circular No. 34/2026/TT-BTC dated March 30, 2026 by
Units under the Ministry of Finance;
Official Gazette:
National Database on Laws;
Government Electronic Information Portal;
Ministry of Finance's Electronic Information Portal:
Securities Commission's Electronic Information Portal:
STT
Detailed name of the service
Basic characteristics of the service
I
Services applied at the underlying securities market
| Member Management | ||
| Maintaining member status of the Vietnam Stock Exchange, ensuring members' rights as prescribed by law and the stock exchange's regulations, supervising, inspecting, and handling violations related to maintaining registration conditions for membership and compliance with legal obligations and the stock exchange's regulations. | Listing Registration | Initial listing registration |
| a | Shares, corporate bonds, investment fund certificates, debt instruments as prescribed by the Law on Public Debt Management | |
| 1 | Receiving, reviewing initial listing registration applications for shares, corporate bonds, investment fund certificates, and debt instruments in accordance with the provisions of the Law on Public Debt Management; issuing a decision approving listing to the organization registering for listing. | b |
| 2 | Warrant with guarantee | |
| 2.1 | Receiving, reviewing initial listing registration applications for warrants with guarantee, issuing a decision approving listing to the issuer of such warrants. | |
| Change in Listing Registration | a | Shares, corporate bonds, investment fund certificates, debt instruments as prescribed by the Law on Public Debt Management |
| Receiving, reviewing change registration applications for shares, corporate bonds, investment fund certificates (excluding cases of exchange-traded funds ETF), and debt instruments in accordance with the provisions of the Law on Public Debt Management; issuing a decision approving changes to listing for listed companies, securities investment fund management companies with listed certificates. | b | Warrant with guarantee |
| 2.2 | Receiving, reviewing change registration applications for warrants with guarantee, issuing a decision approving changes to listing for the issuer of such warrants. | |
| Listing Management | Managing listed securities on the stock exchange, including: monitoring, supervising, and inspecting compliance with reporting obligations, disclosure requirements, and other obligations as prescribed by law and the stock exchange's regulations. | Shares |
| Managing listed shares on the stock exchange. | ||
| a | Listed value below 10 billion VND... | Managing shares with a listed value below 10 billion VND according to nominal value. |
| 3 | b | Listed value from 10 billion to less than 50 billion VND |
| 3.1 | Managing shares with a listed value from 10 billion to less than 50 billion VND according to nominal value. | c |
| Listed value of 50 billion VND and above | Managing shares with a listed value of 50 billion VND and above according to nominal value. | Corporate bonds, investment fund certificates (excluding ETFs), debt instruments as prescribed by the Law on Public Debt Management |
| b | Listed value from 100 billion to less than 500 billion dong | Management of stocks with listed value according to nominal value from 100 billion to less than 500 billion dong. |
| c | Listed value of 500 billion dong or more | Management of stocks with listed value according to nominal value of 500 billion dong or more. |
| 3.2 | Corporate bonds, investment fund certificates (excluding ETF certificates), debt instruments in accordance with the provisions of the Law on Public Debt Management | Management of corporate bonds, investment fund certificates (excluding ETF certificates), debt instruments in accordance with the provisions of the Law on Public Debt Management listed on the stock exchange. |
| a | Listed value below 80 billion Vietnamese dong | Management of corporate bonds, investment fund certificates (excluding ETF certificates), debt instruments in accordance with the provisions of the Law on Public Debt Management having a listed value at par below 80 billion Vietnamese dong. |
| b | Listed value from 80 billion to less than 200 billion Vietnamese dong. | Management of corporate bonds, investment fund certificates (excluding ETF certificates), debt instruments in accordance with the provisions of the Law on Public Debt Management having a listed value at par from 80 billion to less than 200 billion Vietnamese dong. |
| c | Listed value of 200 billion Vietnamese dong or more. | Management of corporate bonds, investment fund certificates (excluding ETF certificates), debt instruments in accordance with the provisions of the Law on Public Debt Management having a listed value at par of 200 billion Vietnamese dong or more. |
| 3.3 | ETF Certificates | Management of ETF certificates listed on the stock exchange. | |
| 3.4 | Warrants with guarantees | Management of guaranteed warrants listed on the stock exchange. | |
| 4 | Trading | Organization, management and operation of trading systems for securities (excluding derivative securities) traded on the stock exchange in accordance with laws and regulations and the rules of the stock exchange, including: receiving orders from trading members, checking and processing orders, establishing transactions, confirming transaction results through the system. | |
| 4.1. | Ordinary Trading | Organization, management and operation of trading systems for securities (excluding derivative securities). | |
| a | Listed shares, investment fund certificates (excluding ETF certificates) | Organization, management and operation of trading systems for listed shares, investment fund certificates (excluding ETF certificates). | |
| b | ETF Certificates | Organization, management and operation of trading systems for ETF certificates. | |
| c | Corporate bonds | Organization, management and operation of trading systems for corporate bonds. | |
| d | Debt instruments as provided in the Law on Public Debt Management | Organization, management and operation of trading systems for ordinary transactions of debt instruments as provided in the Law on Public Debt Management. | |
| đ | Listed shares (UPCOM): | Organization, management and operation of trading systems for listed shares. | |
| e | Warrants with guarantees | Organization, management and operation of trading systems for guaranteed warrants. | |
| 4.2 | Repurchase transactions of debt instruments as provided in the Law on Public Debt Management | Organization, management and operation of trading systems for repurchase transactions of debt instruments as provided in the Law on Public Debt Management. | |
| a | Maturity up to 2 days | Organization, management and operation of trading systems for repurchase transactions of debt instruments as provided in the Law on Public Debt Management with maturity up to 2 days. | |
| b | Maturity from 3 to 14 days | Organization, management and operation of trading systems for repurchase transactions of debt instruments as provided in the Law on Public Debt Management with a maturity period of 3 to 14 days. | |
| c | ||
| Maturity over 14 days | Organization, management and operation of trading systems for repurchase transactions of debt instruments as provided in the Law on Public Debt Management with a maturity period over 14 days. | Reverse repo transactions of debt instruments as provided in the Law on Public Debt Management |
| 4.3 | Organization, management and operation of trading systems for reverse repo transactions of debt instruments as provided in the Law on Public Debt Management. | a |
| 4.4 | Maturity up to 2 days | Organization, management and operation of trading systems for reverse repo transactions of debt instruments as provided in the Law on Public Debt Management with maturity up to 2 days. |
| b | Maturity from 3 to 14 days | Organization, management and operation of trading systems for reverse repo transactions of debt instruments as provided in the Law on Public Debt Management with a maturity period of 3 to 14 days. |
| c | Maturity over 14 days | Organization, management and operation of trading systems for reverse repo transactions of debt instruments as provided in the Law on Public Debt Management with a maturity period over 14 days. |
| Online Connection | Initial connection | Receipt, processing of initial trading connection registration applications through online trading, organization of system technology connections, testing and verification to determine compliance with the conditions for online trading connections as prescribed, issuance of decisions approving online trading connections. |
| 5 | Regular maintenance of connection | |
| 5.1 | Regular maintenance of online trading connections annually. | Use of terminal devices |
| 5.2 | Provision of trading software, technical platforms for connected members to input orders and query information through the Internet or remote trading environment via the Wan network. | Auction, registration |
| 6 | Organization of auctions, registration for enterprises, organizations, individuals with shares, equity interests, and other types of securities to be auctioned in accordance with legal provisions. | Government bond tender issuance, national construction bonds, government-guaranteed bonds, local government bonds |
| 7 | Organization of government bond tender issuance, national construction bonds, government-guaranteed bonds, and local government bonds for the State Treasury, issuers of government-guaranteed bonds in accordance with the provisions of the Law on Public Debt Management, provincial people's committees issuing local government bonds. | Tender repurchase of government debt instruments, government-guaranteed bonds, and local government bonds |
| Organization of tender repurchase of government debt instruments, government-guaranteed bonds, and local government bonds for the State Treasury, issuers of government-guaranteed bonds in accordance with the provisions of the Law on Public Debt Management, provincial people's committees issuing local government bonds. | ||
| 8 | Tender exchange of government debt instruments, government-guaranteed bonds, and local government bonds | |
| Organization of tender exchanges of government debt instruments, government-guaranteed bonds, and local government bonds for the State Treasury, issuers of government-guaranteed bonds in accordance with the provisions of the Law on Public Debt Management, provincial people's committees issuing local government bonds. | ||
| 9 | Tender for repurchase of government debt instruments, government guaranteed bonds and local government bonds | Organization of tender for repurchase of government debt instruments, government guaranteed bonds and local government bonds for the National Treasury, bond issuers guaranteed by the Government in accordance with the provisions of the Law on Public Debt Management, People's Committees at provincial level issue local government bonds. |
| 10 | Tender for swapping government debt instruments, government guaranteed bonds and local government bonds | The organization of tendering for the exchange of government debt instruments, government-guaranteed bonds, and local government bonds issued to the Government Treasury by bond issuers guaranteed by the Government in accordance with the Law on Public Debt Management; the People's Committee at the provincial level issues local government bonds. |
| II | Services applicable to the derivatives securities market | |
| 1 | Registration of Derivatives Securities Market Members | Receipt, processing of registration application for derivatives securities market members, issuance of decision approving membership status (trading member, special trading member on the derivatives securities market) for securities companies, commercial banks, foreign branches. |
| 2 | Management of Derivatives Securities Market Members | Maintenance of derivatives securities market member qualifications of the Vietnam Stock Exchange, ensuring the rights of derivatives securities market members in accordance with laws and stock exchange regulations, supervising, inspecting, handling violations by derivatives securities market members regarding maintenance of registration conditions and compliance with legal obligations and stock exchange regulations. |
| Derivatives Securities Trading | ||
| 3 | Organization, management, and operation of the trading system for derivatives securities products traded on the stock exchange in accordance with laws and stock exchange regulations, including: receiving orders from trading members, checking and processing orders, establishing trades, confirming trade results through the system. | B. Economic and Technical Characteristics of Services Provided by Vietnam Securities Depository Corporation (VSDC) and its State-Valued Subsidiaries |
STT
| Detailed name of service | Basic characteristics of the service | I |
| Services applicable to the underlying securities market | Management of Depository Members | |
| 1 | Maintenance of depository member qualifications, ensuring rights of depository members in accordance with laws and VSDC regulations, supervising, inspecting, handling violations by depository members regarding maintenance of registration conditions and compliance with legal obligations and VSDC regulations. | Registration of securities, cancellation of partial or adjustment of registered securities information |
| 2 | Initial Securities Registration | |
| 2.1 | a | |
| Registered security value below 8 billion Vietnamese dong | Receipt, processing of initial registration application for securities where the registered security value is below 8 billion Vietnamese dong, recording relevant information about the registered securities (including information about the entity registering the securities, information about the securities and information about the holder of the securities of the entity registering the securities) to be centrally managed by VSDC. From the time of initial registration with VSDC, all information and changes related to the registered security information are monitored and centrally managed by VSDC. | b |
| Registered security value from 8 billion Vietnamese dong to below 20 billion Vietnamese dong | ||||||
| Receipt, processing of initial registration application for securities where the registered security value is from 8 billion Vietnamese dong to below 20 billion Vietnamese dong, recording relevant information about the registered securities (including information about the entity registering the securities, information about the securities and information about the holder of the securities of the entity registering the securities) to be centrally managed by VSDC. From the time of initial registration with VSDC, all information and changes related to the registered security information are monitored and centrally managed by VSDC. | Registered security value from 20 billion Vietnamese dong and above | Receipt, processing of initial registration application for securities where the registered security value is from 20 billion Vietnamese dong and above, recording relevant information about the registered securities (including information about the entity registering the securities, information about the securities and information about the holder of the securities of the entity registering the securities) to be centrally managed by VSDC. From the time of initial registration with VSDC, all information and changes related to the registered security information are monitored and centrally managed by VSDC. | ||||
| Additional Securities Registration, cancellation of partial or adjustment of registered securities information | a | |||||
| 2.2 | Common stocks, corporate bonds, investment fund certificates (excluding ETF certificates) | |||||
| Receipt, processing of additional registration application for securities, cancellation of partial or adjustment of registered securities information for common stocks, corporate bonds, investment fund certificates (excluding ETF certificates); recording increases/decreases in the number of securities and detailed accounting increases/decreases to the securities holder account at VSDC. | b | ETF Certificates | ||||
| Based on the results of portfolio reallocation between ETF funds and investors, implementing adjustments to the registered ETF certificate information due to issuance or cancellation; recording increases/decreases in the number of ETF certificates and detailed securities composition to the investor's account at VSDC. | c | Warrant with guarantee | ||||
| Receipt, processing of application for adjustment of warrant with guarantee registration information, recording increases/decreases in the number of warrants with guarantee and detailed accounting increases/decreases to the securities holder account at VSDC and the proprietary trading account of the entity registering the warrant with guarantee at VSDC. | ||
| Securities Depository | a | Common stocks, investment fund certificates, warrants with guarantee |
| 3 | Management and custody of common stocks, investment fund certificates, warrants with guarantee in investor accounts as per depository member requirements. | |
| b | Corporate bonds | Management and custody of corporate bonds in investor accounts as per depository member requirements. |
| c | Debt instruments under the provisions of the Law on Public Debt Management | Management and custody of debt instruments under the provisions of the Law on Public Debt Management in investor accounts as per depository member requirements. |
| Securities Transfer | Transfer of securities between investor accounts at different depository members. | Management and custody of debt instruments in accordance with the provisions of the Law on Public Debt Management on the investor's account as required by the custodian member. |
| 4 | Securities transfer | |
| 4.1 | Transfer of securities between accounts of investors at different custodian members | The transfer of securities deposited (the transfer of securities or the transfer of securities and rights) from an investor's account opened at this depository member to another depository member where the investor has an account, as requested by the investor through the depository member. |
| 4.2 | The transfer of securities for settlement purposes | The transfer of securities from the seller's depository account to the buyer's depository account based on the transaction results and netting results, determining the settlement obligations for the securities transaction. |
| 5 | The exercise of rights | |
| a | Less than 500 investors | Receipt of documents exercising rights from less than 500 investors from the securities registration organization, disclosure to the market about the last registration date to compile a list |
| of persons who are entitled to the securities; cooperate with the depository member to compile a list of persons who are entitled to the securities. Perform calculations and allocation of rights according to the list of persons entitled to the securities. | |||
| b | From 500 investors to less than 1,000 investors | Receipt of documents exercising rights from 500 to less than 1,000 investors from the securities registration organization, disclosure to the market about the last registration date to compile a list | |
| of persons who are entitled to the securities; cooperate with the depository member to compile a list of persons who are entitled to the securities. Perform calculations and allocation of rights according to the list of persons entitled to the securities. | From 1,000 investors to 5,000 investors | ||
| d | More than 5,000 investors | Receipt of documents exercising rights from more than 5,000 investors from the securities registration organization, disclosure to the market about the last registration date to compile a list | |
| 6 | of persons who are entitled to the securities; cooperate with the depository member to compile a list of persons who are entitled to the securities. Perform calculations and allocation of rights according to the list of persons entitled to the securities. | ||
| Handling post-trade errors | a | Correction of post-trade errors | |
| Adjusting the losing trade in the proprietary account of the depository member, offsetting member. | b | Processing delayed trades | |
| Determining the value, quantity of securities, money, counterparty for delayed settlement | and adjusting the method and time of settlement according to regulations. | |
| c | Handling proprietary trade errors | Adjusting to the correct account number of the trading member. |
| d | Cash settlement | Transactions lacking securities for settlement are handled in accordance with legal provisions by conducting cash settlement instead of transferring securities. |
| 7 | Transfer of ownership rights outside the trading system of the Stock Exchange | |
| 7.1 | Transfer of shares held by a founding shareholder during the restricted transfer period as prescribed by law | Receipt of documents requesting the transfer of shares held by a founding shareholder during the restricted transfer period as prescribed by law. Checking the validity of the documents, recording ownership information of all parties transferring ownership on the consolidated register of shareholders managed by VSDC and notifying relevant parties. |
| 7.2 | Transfer of ownership rights of registered securities at VSDC approved by the Securities Commission | Receipt of documents requesting the transfer of ownership rights of registered securities at VSDC approved by the Securities Commission. Checking the validity of the documents, recording ownership information of all parties transferring ownership on the consolidated register of shareholders managed by VSDC and notifying relevant parties. |
| 7.3 | Transfer of ownership rights of privately issued corporate bonds registered with VSDC but not subject to trading on the Stock Exchange | Receipt of documents requesting the transfer of ownership rights of privately issued corporate bonds registered with VSDC but not subject to trading on the Stock Exchange. Checking the validity of the documents, recording ownership information of all parties transferring ownership on the consolidated register of shareholders managed by VSDC and notifying relevant parties. |
| 7.4 | Transfer of ownership rights of securities resulting from business division, spin-off, merger, or acquisition; contribution of shares into a company (including cases where more than 1% is involved | Receipt of documents requesting the transfer of ownership rights of securities resulting from business division, spin-off, merger, or acquisition; contribution of shares into a company (including cases where the Securities Commission approves |
| the business division, spin-off, merger, or acquisition and the share contribution by companies established abroad); establishment, increase in capital of private investment company; increase or decrease in member's fund capital | approval for the division, spin-off; merger, or acquisition and the share contribution by companies established abroad); establishment, increase in capital of private investment company; increase or decrease in member's fund capital. Checking the validity of the documents, recording ownership information of all parties transferring ownership on the consolidated register of shareholders managed by VSDC and notifying relevant parties. | |||
| 7.5 | Transfer of ownership rights of securities resulting from the disposal of collateral securities registered at VSDC and implementing a freeze | Receipt of documents requesting the transfer of ownership rights of securities resulting from the disposal of collateral securities registered at VSDC and implementing a freeze. Checking the validity of the documents, recording ownership information of all parties transferring ownership on the consolidated register of shareholders managed by VSDC and notifying relevant parties. | ||
| 7.6 | Gift or inheritance of securities in accordance with the Civil Code | Receipt of application for transfer of ownership rights in securities by gift or inheritance in accordance with the Civil Code. Verify the validity of the application, record ownership information of the parties transferring ownership on the consolidated register of security holders managed by VSDC and notify relevant parties. | ||
| 7.7 | Transfer of ownership rights upon public tender offer | Receipt of application for transfer of ownership rights in securities upon public tender offer. Verify the validity of the application, record ownership information of the parties transferring ownership on the consolidated register of security holders managed by VSDC and notify relevant parties. | ||
| 7.8 | Transfer of ownership rights in securities in exchange transactions involving ETF certificates, execution of secured warrants | Receipt and processing of applications/trades for exchange of ETF certificates to effect transfer of ownership rights in structured securities between ETF fund and investor. Receipt and processing of applications/trades for execution of secured warrants to effect transfer of ownership rights in underlying securities between warrant registration organization and investor (in the case of execution of secured warrant by means of security transfer). | ||
| Transfer of ownership rights in securities upon public tender offer | ||
| 7.9 | Transfer of ownership rights in shares among foreign investors where the maximum foreign ownership limit for such shares has been reached and the agreed price is higher than the ceiling price of the share on the securities trading system at the time of transaction execution. | Receipt of application for transfer of ownership rights in shares among foreign investors where the maximum foreign ownership limit for such shares has been reached and the agreed price is higher than the ceiling price of the share on the securities trading system at the time of transaction execution. Verify the validity of the application, record ownership information of the parties transferring ownership on the consolidated register of security holders managed by VSDC and notify relevant parties. |
| 7.10 | Transfer of ownership rights in securities for issuance or cancellation of depository receipts in transactions between investor and foreign depository receipt issuer | Receipt of application for transfer of ownership rights in securities for issuance or cancellation of depository receipts in transactions between investor and foreign depository receipt issuer. Verify the validity of the application; record ownership information of the parties transferring ownership on the consolidated register of security holders managed by VSDC and notify relevant parties. |
| 7.11 | Borrowing, lending securities through VSDC system | Management of borrowing and lending transactions in securities |
| 8 | Monitoring, management of borrowing and lending transactions in securities of depositary members (establishment of loan, transfer of borrowed securities, valuation of loan, handling of non-performing loans,...). | |
| 8.1 | Management of collateral assets | Monitoring, management of collateral assets for borrowing and lending transactions in securities of depositary members (sequestration of collateral assets, daily valuation, supplementation/substitution/drawing of collateral assets,...). |
| 8.2 | Payment of principal, interest, repurchase price of government bonds, national construction bonds, government-guaranteed bonds and local government bonds | Execution of payment of principal, interest, repurchase price of government bonds, national construction bonds, government-guaranteed bonds and local government bonds to the holders of such bonds. | ||
| 9 | Payment of principal, interest, repurchase price of treasury bills | Execution of payment of principal, interest, repurchase price of treasury bills to the holders of treasury bills. | ||
| 10 | Registration of security interests in securities already registered at VSDC as assets for repayment of debt when the issuer of private placement bonds is unable to fully and timely repay the bond principal and interest with cash | |||
| Receipt of application for registration of security interests in securities already registered at VSDC as assets for repayment of debt when the issuer of private placement bonds is unable to fully and timely repay the bond principal and interest with cash. Verify the validity of the application, record ownership information of the parties transferring ownership on the consolidated register of security holders managed by VSDC and notify relevant parties. | ||||
| 11 | Borrowing, lending securities | |||
| 11.1 | Management of borrowing and lending transactions in securities | |||
| a | Registration of initial secured transaction and sequestration of securities | |||
| Execution of registration of security interests for securities already registered at VSDC, simultaneously sequestering the securities used as collateral on the account of the guarantor. | ||||
| b | Amendment of secured transaction content | |||
| Execution of amendment and correction of registered security interest information according to the request of the parties, simultaneously sequestering or releasing the securities used as collateral in the account of the guarantor according to the amended content (if applicable). | ||||
| c | ||||
| Execution of public disclosure registration for documents regarding asset liquidation for the benefit of relevant parties if necessary. | ||||
| d | Release of registered secured transaction | |||
| Execution of release of security interest according to the request of the parties, simultaneously releasing the securities used as collateral in the account of the guarantor. | ||||
| d | ||||
| 11.2 | ||||
| competent authority of the State. | ||
| 12 | Sequestration of securities at the request of an investor. | Execution of sequestration and release of securities of an investor upon request by the investor sent to VSDC through the depositary member where the investor has securities deposited for sequestration or release. |
| 13 | Registration of settlement participant | Receipt, processing of application for registration as a settlement participant, issuance of settlement participant certificate to securities company, commercial bank, foreign branch of a commercial bank. |
| 14 | Management of settlement participants | Maintenance of settlement participant status, ensuring the rights of settlement participants in accordance with laws and regulations and VSDC's rules, supervision, inspection, handling of violations by settlement participants regarding maintenance of registration conditions for becoming a settlement participant and compliance with obligations under laws and regulations and VSDC's rules. |
| 15 | Netting settlement | Margin, reconciliation, confirmation of trading results, error handling, position collateralization, netting, determination of payment obligations and management of risks related to securities transactions. |
| II | Services applicable to the derivatives market | Derivatives trading |
| 1 | Registration of derivative securities clearing member | Receipt, processing of registration application for derivative securities clearing member, issuance of Derivative Securities Clearing Member Certificate to securities companies, commercial banks, foreign branches. |
| 2 | Management of derivative securities clearing members | Maintenance of derivative securities clearing member status, ensuring the rights of derivative securities clearing members in accordance with laws and VSDC regulations, supervision, inspection, handling of violations by derivative securities clearing members regarding maintenance of registration conditions for derivative securities clearing member and compliance with obligations under laws and VSDC regulations. |
| 3 | Derivative securities netting | Margin, reconciliation, confirmation of trading results, error handling, position collateralization, netting, determination of payment obligations and management of risks related to synthetic securities transactions. |
| End. | |||
| 4 | Management of margin assets | ||
| Storage, monitoring, valuation, management of use of margin assets (including money, securities) submitted by derivative securities clearing members. | |||
| 5 | Error correction in derivatives securities trading | Adjustment of erroneous trades (missing account information, large trade match quantity exceeding the position on the suspended account) to the correct customer account after updating account information and the proprietary account of the derivative securities clearing member that placed the order. | |
Văn bản gốc (PDF)
Bản đồ quan hệ
↑ Cơ sở & văn bản tác động lên văn bản này
Căn cứ 4
16/2023/QH15
Luật Giá số 16/2023/QH15
Còn hiệu lực
85/2024/NĐ-CP
Nghị định số 85/2024/NĐ-CP quy định chi tiết một số điều của Luật Giá
Còn hiệu lực
54/2019/QH14
Luật Chứng khoán số 54/2019/QH14
Còn hiệu lực
29/2025/NĐ-CP
Nghị định số 29/2025/NĐ-CP Quy định chức năng, nhiệm vụ, quyền hạn và cơ cấu tổ chức của Bộ Tài chính
Còn hiệu lực
34/2026/TT-BTC
Circular 34/2026/TT-BTC Specifies the economic and technical characteristics of services in the securities field of the Vietnam Securities Exchange and its subsidiaries, as well as the securities depository and clearing company under state pricing.
In effect
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Tiếng Việt
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한국어
통지 34/2026/TT-BTC 주식시장 및 유가증권 파생상품 시장에서 소재 거래소와 Việt Nam 증권예탁결제원 및 그 자회사, Nhà nước 정가 서비스의 경제-기술적 특징을 정의함
中文
《2026年第34号财政部通知》关于证券领域交易所在越南证券登记结算有限责任公司及其子公司和由国家定价的子公司的经济和技术特点的规定