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Circular No. 203/2015/TT-BTC will come into effect on 1 July 2016 to replace Circular No. 74/2011/TT-BTC guiding securities transaction. Accordingly, from 1 July 2016, foreign investors are not eligible for conducting margin trading.
Reacting to this provision, several securities companies announce that they
will stop opening new margin trading accounts for foreign investors as from 1
July 2016 and the buying function of ongoing margin trading accounts of foreign
investors shall be locked. However, the selling function will remain available
for the investors to release their stocks to recover capital and to fulfill
their payment obligation to the securities company. In additional, securities
companies will also stop disbursing for transaction made through margin trading
accounts of foreign investors.