Traders watching market movements at VNDirect's office. — Photo courtesy of VNDirect

The Ministry of Finance (MOF) just announced the extension of Circular 14/2020/TT-BTC issued on March 18, 2020 for another six months to cut fees for fifteen securities services, the State Security Commission of Viet Nam said.

The aim is to support the country's stock market amid a surge in COVID-19 cases.

Accordingly, nine services' fees will be reduced by 10 - 50 per cent and six others will be exempt.

Previously, Circular 14/2020/TT-BTC was extended once under Circular 70/2020/TT-BTC issued on July 17, 2020. Of which, charges for securities services will be reduced or exempt for 10 more months, from August 31, 2020 to June 30, 2021.

After December 31, all fees for securities services applied at stock exchanges and Viet Nam Securities Depository Centre will be in force under Circular 127/2018/TT-BTC. — VNS