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Opening Account

For Foreign Individual Investor:

In order to open a Securities Trading Account with VNDIRECT, investors shall follow these steps:

1. Opening an Indirect Investment Capital Account (IICA):

In Vietnam, an Indirect Investment Capital Account (IICA) and a trading account at a securities firm are required for foreign investors. Any commercial banks having licenses for foreign exchange can offer this account, such as BIDV, HSBC, Standard Chartered Bank, and Deutsche Bank.

2. Applying for Securities Trading Code: the following documents are required:

  • 01 original copy of the Securities Trading Code Application Form
  • 01 original copy of the Letter of authorization for Applying Securities Trading Code
  • 02 legal notarized copies of a Valid passport

3. Opening a Securities Trading Account:

  • 02 original copies of the Contract for Securities Transaction Account Opening for Individual Client
  • 01 original copy of the Securities Trading Code
  • 01 copy of Valid Passport
  • 01 original copy of the notarized Power of Attorney (if any)
  • 01 original copy of the authorized person’s valid passport

  For Bangkok Bank: See more information here

  For Indovina Bank: See more information here

For Foreignal Institutional Clients:

In order to open a Securities Trading Account with VNDIRECT, investors shall follow these steps:
1. Opening an Indirect Investment Capital Account (IICA):

In Vietnam, an Indirect Investment Capital Account (IICA) and a trading account at a securities firm are required for foreign investors. Any commercial banks having licenses for foreign exchange can offer this account, such as BIDV, HSBC, Standard Chartered Bank, and Deutsche Bank

2. Opening a Custody Account at a Custodian Member

3. Applying for Securities Trading Code: the following documents are required:

  • 01 original copy of the Securities Trading Code Application Form
  • 01 original copy of the Letter of authorization for Applying Securities Trading Code
  • 01 copy notarized at the Embassy or Consulate General of Vietnam in the home country and the Translation copy with certification of the legal translation organization of

For Securities Investment Fund:

  • The legal copy of the certificate of fund registration or the equivalent document issued by the authorities concerned in the home country (if any) or the confirmation letter of fund establishment
  • For hedge fund, the mandatory documents includes: fund charter or capital contribution agreements or other documents explaining in details the Fund investment strategy

For other institutions that are not investment fund

  • The legal copy of business license or certificate of business registration or equivalent document issued by the authorities concerned in the home country
  • The legal copy of ID card / passport of the legal representative

In case the institutional investor has a trading representative, the following extra documents need to be supplied:

  • 01 original copy of Power of Attorney for Vietnam based trading representative/agent
  • 01 original copy of Information of the trading representative
  • 01 notarized copy of Securities business practice certificate of the trading representative

4. Appoint VNDIRECT as the broker

5. Opening a Securities Trading Account

  • 02 original copies of the Contract for Securities Transaction Account Opening for Individual Client
  • 01 legal copy of business license or certificate of business registration or certificate of business registration or equivalent document issued by the authorities concerned in the home country
  • 01 original copy of the Securities Trading Code
  • 01 legal copy of ID card/ Passport of the legal representative
  • 01 legal notarized copy of the trading representative’s valid passport (if any)
  • If the trading representative does not work for the organization: 01 original copy of the notarized power of attorney
  • If the trading representative works for the organization: 01 original copy of internal authorization, Decision of appointment or Recruitment agreement.