Step 1: Advice and research on Fund documents
Investor needs to talk to an advisor at Fund manager or appointed Distributors to understand the Fund’s investment objective, strategies and trading guidelines from the fund documents (Prospectus, Fund Charter, Trading guidelines, leaflet, booklet etc.)
Step 2: Account opening
The new investors shall only bring all required documents as listed below to one of the appointed Distributors to fulfill account opening for open-ended fund procedures;
Individual Investor:
- Account opening application form
- Certified copy of Letter of Attorney (if applicable)
- Certified copy of ID card/Passport of investor and authorized person (if applicable)
- The bank confirmation on opening the Foreign Indirect Investment account (FIIA) (if applicable)
- Confirmation of Securities Trading Code (STC) from Vietnam Securities Deposit (VSD) (for foreigner only)
- Information related to bank account: account number, account holder, bank name
- Information related to personal income tax number (if any) (for investors want to receive invoice)
Institutional investors:
- Account opening application form
- Certified copy of Letter of Attorney (if applicable)
- Certified copy of Business License
- Certified copy of related documents on Decisions of changing name, splitting, merging of institutional investors (if applicable)
- Certified copy of ID card/Passport of Legal Authorized Representative
- Certified copy of ID card/Passport of authorized person (if applicable)
- The bank confirmation on opening the Foreign Indirect Investment account (FIIA) (if applicable)
- Confirmation of Securities Trading Code (STC) from Vietnam Securities Deposit (VSD) (for foreigner only).
- Information related to bank account: account number, account holder, bank name.
- Information related to business income tax in Vietnam (if any) (for investors want to receive invoice).
Step 3: Fund trading procedures (subscription/redemption/switching)
- Investors shall complete the “Subscription/Redemption/Switching Request” and send to the authorized distributors; Download the requests here
- Investors shall complete request via internet, telephone, fax based on the ability of authorized Distributors. This form must comply with the regulations on electronic transactions and securities. The original copy shall be sent to the authorized distributors before the cut-off time.
(*) Note: In order to trade fund certificates, investors shall complete the account opening procedures before trading date.
Step 4: Confirmation and payment for redemption
- Depending on each type of fund that the confirmation on trading results and payment for redemption is in different schedule. Distributors shall announce on the confirmation of the trading results after the allotment. The Fund shall pay the redemption amount into investors’ bank account which has been stated before.
- Investor shall view the trading statement by contacting advisors at appointed Distributors. In case that the Distributors support online trading for open-ended fund, investor shall view the account statement online through Distributors’ website.