In Vietnam, what are regulations on declaration and payment of fees and charges in securities sector
What are regulations on declaration and payment of fees and charges in securities sector in Vietnam? What are regulations on declaration and payment of fees and charges by collector in securities sector in Vietnam? Thank you!
<subquestion>What are regulations on declaration and payment of fees and charges in securities sector in Vietnam?</subquestion>
Pursuant to Article 4 of the Decree 25/2022/TT-BTC, which takes effect from July 1st 2022, stipulating declaration and payment of fees and charges in securities sector in Vietnam as follows:
1. Fees and charges in securities sector shall be paid in VND.
2. Payment of charges: Payers shall pay entire charges payable when being issued with licenses or certificates in securities sector to SSC.
3. Payment of fees for supervision of securities activities: Hanoi Stock Exchange and Ho Chi Minh Stock Exchange (hereinafter referred to as “SEs”), Vietnam Securities Depository and Clearing Corporation (VSDC), and settlement banks shall pay supervision fees to SSC on a quarterly basis by the last day of the first month of the following quarter.
4. Unlisted or unregistered public companies shall pay management fees once when they are issued with certificate of completion of public company registration by SSC.
5. Payment of fees for management of open-end funds
a) Within 30 days from the issue date of certificate of establishment of open-end fund, the fund management company is required to pay management fees as follows:
- If the certificate is issued between January 01 and June 30 of each year, the fee payable is VND 10 million/fund.
- If the certificate is issued between July 01 and December 31 of each year, the fee payable is VND 5 million/fund.
b) For the subsequent years, the fee payable is VND 10 million/fund; payment time limit: December 01 – 31 of each year.
<subquestion>What are regulations on declaration and payment of fees and charges by collector in securities sector in Vietnam?</subquestion>
Pursuant to Article 5 of the Decree 25/2022/TT-BTC, which takes effect from July 1st 2022, stipulating declaration and payment of fees and charges by collector in securities sector in Vietnam as follows:
1. Not later than Monday every week, the collector shall transfer the entire amount of fees collected in the previous week to the dedicated state budget account opened at the State Treasury.

Decree No. 126/2020/ND-CP