Vietnam launches central stock exchange entity

Vietnam has established a new legal entity under the name of Vietnam Stock Exchange as a parent company for both the Hanoi Stock Exchange and the Ho Chi Minh City Stock Exchange.

A respective decision was signed by the country’s Prime Minister Nguyen Xuan Phuc earlier this week.

The new company will be headquartered in Hanoi and commence operations under the code VNX on February 20 next year. It will have a charter capital of three trillion dong ($130 million), according to official government news site Nhan Dan.

The main functions of the VNX will be to develop strategies for the capital market in Vietnam in line with the country’s five-year plans, as well as act as a regulator for listings and trading activities. It will also be monitoring the existing two stock exchanges which will have their roles more strictly defined.

Newly defined roles for the two existing stock exchanges

The Hanoi Stock Exchange will in future be responsible for operating the derivatives market, the bond market and the market for other securities, while the Ho Chi Minh City Stock Exchange will manage the trading of shares and related securities.

The VNX, on its part, will also be tasked with promoting the Vietnamese stock market to international investors and enter cooperations with foreign stock exchanges and international organisations.

Acting as a limited liability company, the VNX will integrate the Ho Chi Minh City and Hanoi stock exchanges as two subsidiaries, whereby it will hold 100 per cent of capital in the two bourses.

At present, there are a total of nearly 1,660 stocks being listed and traded on both exchanges and an over-the-counter market.



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Vietnam has established a new legal entity under the name of Vietnam Stock Exchange as a parent company for both the Hanoi Stock Exchange and the Ho Chi Minh City Stock Exchange. A respective decision was signed by the country’s Prime Minister Nguyen Xuan Phuc earlier this week. The new company will be headquartered in Hanoi and commence operations under the code VNX on February 20 next year. It will have a charter capital of three trillion dong ($130 million), according to official government news site Nhan Dan. The main functions of the VNX will be to develop strategies for...

Vietnam has established a new legal entity under the name of Vietnam Stock Exchange as a parent company for both the Hanoi Stock Exchange and the Ho Chi Minh City Stock Exchange.

A respective decision was signed by the country’s Prime Minister Nguyen Xuan Phuc earlier this week.

The new company will be headquartered in Hanoi and commence operations under the code VNX on February 20 next year. It will have a charter capital of three trillion dong ($130 million), according to official government news site Nhan Dan.

The main functions of the VNX will be to develop strategies for the capital market in Vietnam in line with the country’s five-year plans, as well as act as a regulator for listings and trading activities. It will also be monitoring the existing two stock exchanges which will have their roles more strictly defined.

Newly defined roles for the two existing stock exchanges

The Hanoi Stock Exchange will in future be responsible for operating the derivatives market, the bond market and the market for other securities, while the Ho Chi Minh City Stock Exchange will manage the trading of shares and related securities.

The VNX, on its part, will also be tasked with promoting the Vietnamese stock market to international investors and enter cooperations with foreign stock exchanges and international organisations.

Acting as a limited liability company, the VNX will integrate the Ho Chi Minh City and Hanoi stock exchanges as two subsidiaries, whereby it will hold 100 per cent of capital in the two bourses.

At present, there are a total of nearly 1,660 stocks being listed and traded on both exchanges and an over-the-counter market.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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