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Exchanges to collect listing fees
Stock exchanges and the Viet Nam Securities Depository Centre will be able to charge new fees to member brokerages and listed firms under a new circular issued by the Ministyr of Finance.
The regulation takes effect on April 12. Stock exchanges will be allowed to collect a listing registration fee of VND10 million (US$524) per listed firm. Fees imposed on supplementary listings will be VND5 million ($262) each time.
Stock exchanges will not be allowed to collect fees on listings that move between stock markets.
Listed companies will be required to pay VND10 million for their first listing with total registered share value of less than VND80 billion ($4.2 million). Those with a total share value of VND80-200 billion ($4.2-10.5 million) will be charged VND15 million ($785), and listings that exceed a VND200-billion will have to pay VND20 million ($1,047).
The SDC will also impose the annual management fee of VND40 million ($2,096) per member. This fee is VND20 million at the securities trading bourses.
In addition, listed firms whose listing value is less than VND100 billion ($5.2 million) will be required to pay VND15 million. Companies with the cap of VND100-500 billion ($5.2-26.2 million) must pay VND20 million (Over $1,080) in fees. VND500-billion-cap companies will pay VND20 million plus 0.001 percent of their listing value but the fee may not exceed VND50 million ($2,618)).
Bonds and fund certificates that are worth less than VND80 billion will have to pay VND15 million in fees. Companies with a listing value of more than VND200 billion will be levied VND20 million in fees and will also have to pay 0.001 percent of the listing value but no less than VND50 million.
Stock trading members must pay a trading fee that is 0.03 percent of the trading value for stocks and investment fund certificates, 0.02 per cent for stocks and 0.0075 percent for bonds.
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