Business

Finance ministry announces roadmap to reorganise stock market

The Ministry of Finance (MoF) plans to rearrange the securities trading market in a newly-promulgated Circular as a move towards the merging of the two national stock exchanges into one named the Vietnam Stock Exchange (VNX).
Finance ministry announces roadmap to reorganise stock market ảnh 1The headquarters of the Ho Chi Minh Stock Exchange (HoSE) in HCM City. (Photo: hsx.vn)
Hanoi (VNS/VNA) - The Ministry of Finance (MoF) plans to rearrange thesecurities trading market in a newly-promulgated Circular as a move towards themerging of the two national stock exchanges into one named the Vietnam StockExchange (VNX).

The ministry has promulgated Circular No 57/2021 stipulating the roadmap torearrange the stock market, the bond market and the derivatives market. ThisCircular takes effect from July 20 this year.

Under the Circular, by the end of June 30, 2025, the Ho Chi Minh City StockExchange (HoSE) shall unify the organisation of a trading market for listedshares, fund certificates and warrants.

From July 1, 2023 until December 31, 2023, HoSE will receive shares of listedcompanies from the Hanoi Stock Exchange (HNX). Meanwhile, from January 1, 2025to the end of June 30, 2025, HoSE will receive shares of enterprises from theUnlisted Public Company Market (UPCoM).

For HNX, from July 1, 2023, the exchange will no longer accept the listing ofnew shares from enterprises.

As for the bond market, by the end of December 31, 2022, HNX will havecompleted the organisation of government bond market, government-guaranteedbonds, and listed corporate bonds, privately issued corporate bonds and receivelisted corporate bonds from HoSE.

According to Decision No 37/2020, VNX operates under the model ofparent-subsidiary company on the basis of the re-organisation of HNX and HoSE.The State will hold 100 per cent of its charter capital, which will be roughly 3trillion VND (130 million USD).

According to the decision, HNX is tasked with organising and operating thederivatives and bond trading market. Meanwhile, HoSE will organise and operatethe stock market and other securities trading markets. The current chartercapital of HoSE is 1.2 trillion VND and HNX 750 billion VND./.
VNA
#Ministry of Finance (MoF) #securities trading market #Vietnam Stock Exchange (VNX) #Hanoi Stock Exchange. Vietnam #Vietnam news #Vietnam News Agency
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