New Regulations On Indirect Investment Accounts

This is one of the remarkable regulations in Circular No. 51/2021 / TT-BTC dated 30/6/2021 of the Ministry of Finance guiding the obligations of organizations and individuals in foreign investment activities in the market. Vietnam stock market. illustration. Source: Internet According to new regulations, from August 16, 2021, foreign investors opened 01 indirect investment account at 01 depository bank permitted to trade forex to carry out the above investment activities Vietnam stock market

. Organizing the issuance of overseas custody certificates to open 01 indirect investment capital account at 01 depository bank permitted to trade forex to carry out the issuance and certification activities Lien and other related activities in accordance with the law. Need to note that, when receiving entrusted capital in accordance with Point b, Clause 1, Article 138 of Decree No. 155/2020 / ND-CP, Company Management of securities investment funds and branches of Foreign Fund Management Company in Vietnam opened an indirect investment capital account to receive capital of foreign investors without indirect investment accounts
In this case, the capital account indirectly referred to the company managing the Securities Investment Fund, Branch of Foreign Fund Management Company in Vietnam. Besides, all money transfer activities to implement Transactions, investment, other payments related to securities investment activities of foreign investors and activities of the organization issuing custody certificates abroad, receiving and using dividends and profits Divide and buy foreign currency to transfer abroad (if any) and other related transactions must be done through the indirect investment capital account. Open, Close, Use and Manage Head Capital Account Private indirectly comply with the law on foreign exchange management.

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