VNDIRECT Account Type

　　VNDIRECT offers several types of trading accounts tailored to meet the diverse needs of investors. These include:

• Basic Account: Designed for trading underlying assets, this account allows clients to manage their investments independently.
• Derivatives Account: Specifically for trading derivative financial instruments such as futures and options.
• Direct Trading Account (DTA): Aimed at professional investors, this account offers reduced fees, including VND 0 per position for certain stocks.
• Discretionary Brokerage Account (DBA): Managed by professional traders on behalf of investors, this account allows for independent buying, selling, and capital management decisions.
• Indirect Investment Capital Account (IICA): Required for foreign investors, allowing them to trade in Vietnamese securities while ensuring compliance with local regulations.

　　

VNDIRECT Broker Account Opening Process

　　To open a securities trading account with VNDIRECT, investors must follow these steps:

• Open an Indirect Investment Capital Account (IICA):
• Foreign investors need to establish an IICA at any commercial bank licensed for foreign exchange, such as BIDV, HSBC, Standard Chartered Bank, or Deutsche Bank.
• Apply for a Securities Trading Code:
• Required documents include:
• 01 original copy of the securities trading code application form.
• 01 original copy of the letter of authorization for applying for the securities trading code.
• 02 legal notarized copies of a valid passport.
• Open a Securities Trading Account:
• Submit the following:
• 02 original copies of the contract for securities transaction account opening for individual clients.
• 01 original copy of the securities trading code.
• 01 copy of a valid passport.
• 01 original copy of the notarized power of attorney (if applicable).
• 01 original copy of the authorized persons valid passport.
• Appointment of VNDIRECT as the Broker:
• Investors must officially appoint VNDIRECT to manage their trading activities.
• Complete the Account Opening Process:
• After submitting all necessary documents, wait for confirmation from VNDIRECT to finalize the account setup.

　　This structured approach ensures a smooth and compliant account opening experience for both domestic and foreign investors.