From its humble beginnings five years ago as the Hanoi Securities Trading Centre, the Hanoi Stock Exchange has increased from just six listed shares to a total of 266, representing current market capitalisation of 37.5 trillion VND (2 billion USD).
The exchange director Tran Van Dung made the announcement at an anniversary ceremony on March 9, adding during its first five years of operations, the exchange has also seen 171 initial public offerings (IPOs).
The exchange has hosted 158 bond auctions worth 41.1 trillion VND (2.2 billion USD) since they began on the exchange in 2006, holding its first auction of US dollar-denominated Government bonds last year, worth 460 million USD.
The Hanoi market has performed far beyond expectations and lifted itself to a new level, commented Saigon Securities Inc chairman, Nguyen Duy Hung, noting that average daily trading values had increased by 220 times since the market’s inception, to 880 billion VND (46.3 million USD).
In addition to the restructuring from a securities trading centre into a stock exchange, the Hanoi exchange has also launched dedicated bourses for bonds and unlisted public companies.
The Hanoi exchange, along with the HCM Stock Exchange and the Vietnam Securities Depository Centre, will be further reorganised as a single-member limited liability company, pursuant to Ministry of Finance Circular No 29/2010/TT-BTC issued earlier this month.
The regulation will enable them to raise capital from partnerships with financial institutions.
It would also require them to release audited financial statements and maintain profitability.
The Hanoi Stock Exchange had paid 27.2 billion VND (1.4 million USD) into the State budget since its inception, the exchange also announced on March 9./.
The exchange director Tran Van Dung made the announcement at an anniversary ceremony on March 9, adding during its first five years of operations, the exchange has also seen 171 initial public offerings (IPOs).
The exchange has hosted 158 bond auctions worth 41.1 trillion VND (2.2 billion USD) since they began on the exchange in 2006, holding its first auction of US dollar-denominated Government bonds last year, worth 460 million USD.
The Hanoi market has performed far beyond expectations and lifted itself to a new level, commented Saigon Securities Inc chairman, Nguyen Duy Hung, noting that average daily trading values had increased by 220 times since the market’s inception, to 880 billion VND (46.3 million USD).
In addition to the restructuring from a securities trading centre into a stock exchange, the Hanoi exchange has also launched dedicated bourses for bonds and unlisted public companies.
The Hanoi exchange, along with the HCM Stock Exchange and the Vietnam Securities Depository Centre, will be further reorganised as a single-member limited liability company, pursuant to Ministry of Finance Circular No 29/2010/TT-BTC issued earlier this month.
The regulation will enable them to raise capital from partnerships with financial institutions.
It would also require them to release audited financial statements and maintain profitability.
The Hanoi Stock Exchange had paid 27.2 billion VND (1.4 million USD) into the State budget since its inception, the exchange also announced on March 9./.
