How to buy stocks or how to invest in stocks in Vietnam?

FAQs by foreigners: How to buy or how to invest in stocks in Vietnam? There are two ways:

1. You are in Vietnam now and can open an account through a local brokerage.
2. You are overseas; You can prepare required documents (examined by brokerage), send those out, then the brokerage agent will open an account for you. (This method changed on 1/1 of 2021. It is required a Vietnamese bank account, or a bank account in other countries that can link to a Vietnamese account, such as HSBC )

Introduction in Chinese:

For foreigners in Vietnam now – 2 options to open a stock account are:

Method 1 – Indirect investment account

Required documents for indirect investment account (a particular account for stocks and bonds):

• The money must be legal; that is, cash must come in from overseas with verification or have a Vietnamese salary certificate. The salary certificate includes a cash receipt, the amount specified in the Vietnamese labor contract, and a monthly company remittance certificate, stamped with company seal.
• A notarized passport (to the branch, our salesperson will do it on behalf of you)
• Take a photo of the front of the passport
• Provide an email
• Phone number
• Address
• A personal application file

Steps:

1. Take the complete indirect investment account documents and go to the nearby BIDV bank to open an account. Please contact the clerk of the BIDV band to open an account at the local BIDV bank, and remember to contact the brokerage agent when you go.
2. Go to our office to sign documents to apply for and stock account.
3. Wait 2 weeks
4. Complete account opening

Account opening documents include:

• Account opening contract ( 2 copies)
• Application for account opening and service item registration ( 2 copies)
• Online transaction registration ( 1 copy)
• Order registration ( 2 copies)
• Securities Code Application Form ( 1 copy)
• Escrow authorization ( 1 copy)
• Bank account opening ( 1 copy)
• Bank Commitment ( 1 copy)
• Bank authorization letter ( 1 copy)
• Future international remittance brokerage authorization letter ( 1 copy)

Method 2 – Local Bank Account

For those who already have a local bank account in Vietnam, money can transfer in and out freely. There is no problem with remittance transactions, and you can remit it from your local bank to the stock account. But the money only can be transferred within Vietnam.

Things to do when opening a stock account:

• A notarized passport (to the branch, our salesperson will do it on behalf of you)
• Take a photo of the front of the passport
• Provide an email
• Phone number
• Address
• A personal application file

Steps:

1. Go to our office to sign documents to apply for and stock account.
2. Wait 2 weeks
3. Complete account opening

Account opening documents include:

• Account opening contract ( 2 copies)
• Application for account opening and service item registration ( 2 copies)
• Online transaction registration ( 1 copy)
• Order registration ( 2 copies)

The information provided by TVSI Stock agency, which has operated stock service in Vietnam for more than ten years.

If you need an assistance of a dedicated person from TVSI to open an account and invest in the Vietnamese stock market easily, please contact TVSI directly, you can get the fastest service soon!