Circular 213/2012/TT-BTC dated January 5th 2013 of the Ministry of Finance on the reduction of the procedures for foreign investors

Circular 213/2012/TT-BTC dated January 5th 2013 of the Ministry of Finance on the reduction of the procedures for foreign investors

With the new regulations in this Circular, foreign investors are easier to open a securities trading account in the Vietnam stock market.

Instead of having to submit the judicial record that has been notarized and legalized when applying for the transaction identification number as before, as from now, individual foreign investors just have to submit a copy of valid passport or other identification.

In addition, the Circular also shorten the time to issuing transaction identification number: 5 days from the date of completely receipt dossiers for institutional investors and 3 days for individual investors (formerly 10 and 5 working days).

Circular takes effect from February 15th 2013, replacing Decision 121/2008/QD-BTC.