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Existing Account » Stock Trading |
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 Instructing investor to trade at Ha Noi securities trading center (HNX)
Instructing investor to trade at Ho Chi Minh City stock exchange (HoSE)
Instruct to place order transaction at UpCOM
Instruct to place order transaction at TCSC
Instruct to trade with banks
| 1. Trading regulation at HNX |
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| Trading date |
From Monday to Friday (except for holidays according to Labor law or decision of State Securities Commission). |
| Trading time |
08:30 – 11:00 |
| Trading method and correlative order |
Matching transaction
Continuous matching method: Limit Order (LO)
Negotiating transaction |
| Trading volume |
Matching transaction
Even plot: 100 (the multiple of 100)
Negotiating transaction
≥ 5.000 Stocks
≥ 100.000.000 VND (total value of Bonds) Bonds |
| Tick size |
Matching transaction:Stock: 100 VND.
Negotiating transaction and Bonds: No requirement. |
| Price fluctuation range |
Stocks: +/-7% reference price.
Bonds: No requirement. |
| Buying and selling regulation |
- Customer must deposit 100% cash equal to value of stocks which customer intends to buy into cash account at trading day (T+0) or the cash balance of customer’s account must meet the requirements of trading margin ratio under TCSC’s approval.
- Customer must own 100% amount of stocks which intend to sell in customer’s account at trading day (T+0).
- Investors shall not be permitted to concurrently place purchasing and selling orders for the same type of stock, fund certificates on the same trading day.
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| Trading result |
- Customer will be informed the trading result before 15:00 of that trading day (T+0).
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| Payment method and cycle |
Matching transaction: Multilateral clearing payment T+3 |
| Matching transaction: |
| Trading volume |
Payment |
- Stocks: 5000 ≤ trading volume ≤100.000
- Bonds: 100.000.000 VND (one hundred million VND) ≤ total of trading value of Bonds ≤ 10.000.000.000 VND (ten billion VND).
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Multilateral clearing payment T+3 |
- Stock ≥ 100.000 shares.
- Total of trading value of Bonds ≥ 10.000.000.000 VND (ten billion VND).
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Choose 1 of 2 following options
- Multilateral clearing payment,
- Direct payment (payment date is negotiated by sides from T+1 to T+3).
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| 2. Trading regulation at HoSE |
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| Trading date |
From Monday to Friday (except for holidays according to Labor law or decision of State Securities Commission). |
| Trading time of Stocks and Fund certificates |
8:30 – 10:30: Matching transaction
Session 1: 08:30 – 09:00 Periodical matching session (defining opening price).
Session 2: 09:00 – 10:15 Continuous matching session.
Session 3: 10:15 – 10:30 Periodical matching session (defining closing price).
10:30 – 11:00 Negotiating transaction |
| Trading time of Bonds |
08:30 – 11:00 Negotiating transaction
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| Trading method and correlative order |
Matching transaction
Periodical matching session: ATO/ATC order and LO order
Continuous matching session: Limit order (LO)
Negotiating transaction |
| Trading volume |
Matching transaction:
Even plot: 10 – 19.990 (the multiple of 10) Stocks or Fund certificates
Negotiating transaction:
Big plot: ≥ 20.000 Stocks or Fund certificates
Bonds: No requirement |
| Tick size |
Matching transaction: |
| Price level of Stocks or Fund certificates |
Tick size (VND) |
| ≤ 49,900 |
100 |
| 50,000 - 99,500 |
500 |
| ≥ 100,000 |
1,000 |
| Negotiating transaction and Bonds: No requirement. |
| Price fluctuation range |
Stocks and Fund certificates: +/-5% reference price.
Bonds: No requirement. |
| Buying and selling regulation |
- Customer must deposit 100% cash equal to value of stocks which customer intends to buy into cash account at trading day (T+0) or the cash balance of customer’s account must meet the requirements of trading margin ratio under TCSC’s approval.
- Customer must own 100% amount of stocks which intend to sell in customer’s account at trading day (T+0).
- Investors shall not be permitted to concurrently place purchasing and selling orders for the same type of shares, fund certificates on the same trading day.
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| Trading result |
- Customer will be informed the trading result before 15:00 of that trading day (T+0).
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| Payment method and cycle |
Matching transaction:
Multilateral clearing payment T+3
Negotiating transaction:
Multilateral clearing payment T+3 to Stocks/Fund certificates or direct payment T+1 for trading volumn ≥ 100.000 stocks/Fund certificates.
Direct payment: payment date is negotiated by both sides from T+1 to T+2 for Bonds. |
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3. Trading regulation at UPCom
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| Working Day |
From Monday to Friday except for holidays according to the rules of Labour Law and State Securities Commission of Vietnam (SSC) |
| Goods |
Stocks and convertible bonds of Public Companies have not been listed yet or have been canceled on HoSE or HNX . |
| Trading time |
Time: 8:00 – 15:00 (Rest: 11:30 – 13:30) |
| Mode of Trading |
It is a method of trading that buy orders and sell orders are matched immediately (if any) right after they are keyed in transaction system.
It is a method of trading that seller and buyer had megotiated together o transaction conditions, then transaction information will be sent to TCSC's staff to key in transaction system for confirmation. |
| Correct/ Cancel order |
- Correcting/Cancelling an order of Continuous matching
During trading session, Customers are allowed to request TCSC’s staff to correct or cancel their order or the rest of their order which hasn’t matched.
Customer can be alowed to correct price only and cancel the trading order in trading time. The priority of correcting order wil be determined at the time when correcting order is entered on transaction system.
- Correcting/Cancelling a negotiation order
The transactions had executed is not alowed to cancel. |
| Validity of order |
- Order of continuous matching is a limit order (LO).
- LO is valid from the time that it's keyed in system to the time that it's cancelled by requested customer or it's cancelled automatically at the end trading time.
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| Trading margin |
- When placing selling Order, Customer must have enough sellable stocks in Customer account.
- When placing buying Order, Customer must deposit amount margin as per negotiation with TCSC and makes sure to do payment on time.
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| Trading lot |
- For Continuous matching: 100 stocks or 100 bonds.
- For Put through: Minimum 10 stocks or bonds.
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| Tick size |
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| Range of price |
- Stock: +/-10% Reference price.
- Bond: N/A.
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| Reference price |
- Reference price of stocks is weighted average of the prices’ Continuous transaction of the nearest trading day.
- For the first trading day of stock, HNX only get Order of Continuous transaction and doesn’t apply range of prices. If on the first day, there are no exected price, reference price will be determined on the next trading day until having trading price on system. Order of Put through will not be accepted until reference price determined.
- In case that stock doesn’t get dividend and attached rights, Reference price based on weighted average of the prices of Continuous transaction of the nearest trading day, adjusted according to value of dividend and attached rights.
- In case spliting /merging stocks, reference price will based on weighted average the prices of Continuous transaction of the day before spliting /merging stocks.
- In case that stock trades again after it does not have transaction over 25 (twenty five) trading days, Reference price will be determined as the first trading day of stock.
- Other cases according to rules of HNX after being approved by SSC.
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| Announment of trading result |
Customers will be announced trading result before 3PM of trading day (T+0) |
| Mode and period of payment |
- Stock: multilateral payment, day for payment T+3.
- Bond: multilateral payment, day for payment T+3.
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| General rules |
- Investor is allowed to open only one Securities Trading Account at the Securities Company. In case that investor had Listed Securities Trading Account, he can use this to register trading.
- Investor isn’t allowed to sell and buy the same stock on the trading day.
- Investor opens Securities Depository Account and bank account at depository member which is Commercial Bank lisenced by SSC, he/she must place Trading Order through securities company and pay for trading at the Commercial Bank.
- Foreign investor is allowed to hold 49% stocks of public company.
- When Foreign investor want to buy stocks of Commercial bank on UpCoM, he must be approved by State bank of Vietnam.
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| Settling trading error |
- After ending trading time, if TCSC find out trading error because mistake caused in getting, transferring, entering order into UPCoM, TCSC will implement according the rules on setting trading errors issued by HNX and Vietnam Securities Deposisitory (VSD).
- Setting a trading error is made on the principle of customer order is moved to self-investment order of TCSC. In special cases, HNX and VSD will consider and cancel result of trading error.
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| 4. Instruct to place order transaction at TCSC |
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Besides, transaction form at TCSC’s counter, investor could place order by phones or Website. However, with this forms, investor must register TCSC in advance.
- 4.1 Placing order at TCSC’s counter
- Step 1: Taking order slip at TCSC’s counter
- Buy slip
- Sell slip
- Cancel slip
- Correct slip
- Step 2: Filling information’s investor and sign into order slip
- Step 3: Sending the order slip to Marketing officer of TCSC
- Step 4: Getting back 2nd copy with signature of Marketing officer
- 4.2 Placing order by phones
Information of placed orders by phones will be reserved and recorded.
- Step 1: Call to:
- Calling to Call Center of TCSC: (+84-8) 38 270505 or
- Calling directly to Marketing officer’s cell phone
- Step 2: Providing information to Marketing officer as follow:
- Trading code
- Name of account holder
- Order (buy, sell, cancel, correct)
- Securities symbol
- Volume
- Price
- Password (if trading by phones)
- 4.3 Placing trading order via e-mail
- Step 1:Providing information as below:
- Account number
- Name of account holder
- Order side (buy, sell, cancel, correct)
- Stock symbol
- Volume
- Price
- Step 2: Sending to e-mail box trade@tcsc.vn.:
- 4.4 Placing order by Website
- Step 1: Accessing in Website: https://etrade.tcsc.vn.
- Step 2: Using user and password provided by TCSC to login its system.
- Step 3: Keying full information of placing order and PIN code provided by TCSC to authenticate user. And then, sending it.
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5. Instruct to trade with banks
5.1 Vietnam International Bank (VIB)
- Regulation on account opening
- The clients open bank account for stock trading at VIB’s transaction places (Appendix 1: List of VIB’s transaction places).
- The clients need have ID card and request to be opened bank account used for trading with Thanh Cong securities company (TCSC).
- The clients will be opened two accounts, as follows:
- Current Account [Withdraw money directly and withdraw money via ATM]
- Trading account [The client has to announce to TCSC for connecting with securities account]
- The clients have to pay VND100.000 for keeping account. This amount will be returned when the clients close account at the bank.
- Regulation on money depositing and withdrawal
- The clients can deposit money to the trading account at any VIB’s transaction places for trading stock.
5.2 Asia Commercial Bank (ACB)
- Regulation on account opening
- The clients open bank account for stock trading at ACB’s transaction places (Appendix 2: List of ACB’s transaction places).
- The clients need have ID card and request to be opened bank account used for trading with Thanh Cong securities company (TCSC).
- The clients have to pay 100.000VND for keeping account. This amount will be returned when the clients close account.
- Regulation on money depositing and withdrawal
- Deposit:
- The client can deposit money to the trading account at any time and any ACB’s transaction places on all the country.
- Withdraw:
- On working time every week from Monday to Friday (from 7:00 to 17:00), the clients only withdraw money at ACB’s transaction places (Appendix No.2). Or the Client has to inform TCSC's staff (in person or via telephone) prior to withdrawing money, then client can withdraw money from any ACB’s transaction places on all the country.
- Out of working time, the client can withdraw money at any time and any ACB’s transaction places on all the country.
5.3 Vietnam Joint Stock Commercial Bank for Industry and Trade (VIETINBANK)
- Regulation on account opening
- The clients open trading account for stock trading at VietinBank’s transaction places (called TA) (Appendix 3: List of VietinBank’s transaction places).
- The clients need have ID card and request to be opened bank account used for trading with Thanh Cong securities company (TCSC).
- The clients have to pay 100.000VND for keeping account. This amount will be returned when the clients close account.
- Regulation on money depositing and withdraw
- Deposit:
- The clients can deposit money to the trading account at any time and any VietinBank’s transaction places on all the country.
- Withdraw:
- Every week from Monday to Friday, the clients only withdraw money at Vietinbank’s trading places (Appendix No.3).
5.4 AN BINH BANK (ABBANK)
- Regulation on account opening
- The clients fill out the application for account information at TCSC’s counter or at any ABBANK’s transaction places on all the country (Appendix 4: List of ABBANK’s transaction places).
- The clients need have ID card and request to be opened bank account then informing TCSC of the account number.
- The clients have to pay small amount for keeping account (as request of ABBANK). This amount will be returned when the clients close account.
- Regulation on money depositing and withdraw
- Deposit:
- The clients can deposit money to the trading account at any time and any ABBANK’s transaction places on all the country
- Withdraw:
- The clients fill withdrawal notice form and submit at TCSC counter or notice to withdrawal via Website, then the clients withdraw the money from the clients’ account at ABBANK transaction places (Appendix No.4)
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