Frequently asked questions

The issuer is the party that pays the principal and interest of the bond through VSDC. After receiving the money from the issuer, VSDC will allocate the money to the depository members. After receiving the money from VSDC, NVS will allocate the money to the bondholders according to the ownership ratio.

The principal and interest of the bond will be transferred to the securities account of the customer opened at NVS.

To become a Professional Investor, Customers need to meet the conditions prescribed by the Securities Law 2019, Decree No. 155/2020/ND-CP dated December 31, 2020 and Decree No. 65/2022/ ND-CP dated September 16, 2022. Specifically:

A professional securities investor is an investor with financial capacity or professional qualifications in securities, including:

a)  Commercial banks, foreign bank branches, financial companies, insurance business organizations, securities companies, securities investment fund management companies, securities investment companies, securities investment funds, international financial organizations, non-budgetary state financial funds, state financial organizations that are allowed to buy securities in accordance with relevant laws;

b) A company with a contributed charter capital of over VND 100 billion or a listed organization or an organization registered for trading;

c) A person with a securities practice certificate;

d) An individual holding a listed or registered securities portfolio with a minimum value of VND 2 billion determined by the average daily market value of the securities portfolio for a minimum period of 180 consecutive days prior to the date of determining the status of a professional securities investor, excluding the value of margin loans and the value of securities used for resale transactions. The determination of a professional securities investor at this point is valid for 03 months from the date of confirmation;

e) An individual with a taxable income of at least VND 1 billion in the most recent year up to the time the individual is determined to be a professional securities investor according to the tax declaration submitted to the tax authority or the tax deduction certificate of the paying organization or individual.

Customers who already own bonds and want to deposit them on VSDC through NVS need to have a securities trading account opened at NVS and must go to NVS headquarters to complete the procedures. Documents that customers need to bring include:

– Bond ownership certificate: original

– ID card/CCCD: original and still valid