What are management and use of revenues from provision of securities services in Vietnam?

What are management and use of revenues from provision of securities services in Vietnam?

Article 6 of Circular 101/2021/TT-BTC stipulates management and use of revenues from provision of securities services as follows:

1. After having fulfilling obligations to the state budget as prescribed, SEs and VSDC shall manage and use the remaining amounts of revenues from their provision of securities services in accordance with regulations of law.

2. VSDC shall consider allocating its revenues from provision of securities ownership transfer service as prescribed in Point 17 (excluding Point 17.1c and 17.4) Section III Part A of the Price Schedule enclosed herewith to SEs according to terms and conditions of the signed service contracts provided that the amount allocated to the SE shall not exceed 50% of total revenue earned from the provision of ownership transfer service of securities listed or registered for trading on the SE.

3. SEs and VSDC shall consider extending the payment deadline or take actions against the service users who make late payments or fail to fully pay service charges.

4. SEs and VSDC shall issue invoices when receiving payments of service prices in accordance with regulations of law.

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