BVSC Account Type

Bao Viet Securities Joint Stock Company (BVSC) offers various types of brokerage accounts tailored to meet the needs of institutional clients. The primary account types include:

• Standard Brokerage Account: This account allows clients to buy and sell securities listed on major exchanges such as HSX, HNX, and UPCoM without restrictions on withdrawals or contributions.
• Margin Account: Clients can borrow funds from BVSC to purchase securities, providing greater purchasing power but also exposing them to higher risks.
• Joint Brokerage Accounts: Designed for multiple investors, these accounts can be shared between family members or business partners, facilitating pooled investments and simplified management.

BVSC Broker Account Opening Process

To open a brokerage account with BVSC, follow these steps:

• Prepare Required Documents:
• Personal identification (e.g., passport or government-issued ID).
• Social security number or taxpayer identification number.
• Employment status and occupation details.
• Financial information including annual income and net worth.
• Complete Application:
• Fill out the application form provided by BVSC, ensuring all personal and financial information is accurate.
• Submit Documents:
• Submit the completed application along with the required documents to BVSC for verification.
• Receive Trading Code:
• Once your application is approved, BVSC will assist you in obtaining a trading code for foreign investors at the Vietnam Securities Depository (VSD).
• Fund Your Account:
• Transfer funds into your brokerage account to start trading. BVSC provides various methods for funding, including bank transfers.
• Start Trading:
• After funding your account, you can begin buying and selling securities, utilizing BVSC's efficient order processing services.

For more detailed information, visit their official website: BVSC Services