From its humble beginnings five yearsago as the Hanoi Securities Trading Centre, the Hanoi Stock Exchangehas increased from just six listed shares to a total of 266,representing current market capitalisation of 37.5 trillion VND (2billion USD).
The exchange director Tran Van Dungmade the announcement at an anniversary ceremony on March 9, addingduring its first five years of operations, the exchange has also seen171 initial public offerings (IPOs).
The exchange has hosted 158 bond auctions worth 41.1 trillion VND (2.2billion USD) since they began on the exchange in 2006, holding itsfirst auction of US dollar-denominated Government bonds last year,worth 460 million USD.
The Hanoi market has performed far beyond expectations and lifteditself to a new level, commented Saigon Securities Inc chairman, NguyenDuy Hung, noting that average daily trading values had increased by 220times since the market’s inception, to 880 billion VND (46.3 millionUSD).
In addition to the restructuring from a securities trading centre intoa stock exchange, the Hanoi exchange has also launched dedicatedbourses for bonds and unlisted public companies.
The Hanoi exchange, along with the HCM Stock Exchange and the VietnamSecurities Depository Centre, will be further reorganised as asingle-member limited liability company, pursuant to Ministry ofFinance 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 announcedon March 9./.
The exchange director Tran Van Dungmade the announcement at an anniversary ceremony on March 9, addingduring its first five years of operations, the exchange has also seen171 initial public offerings (IPOs).
The exchange has hosted 158 bond auctions worth 41.1 trillion VND (2.2billion USD) since they began on the exchange in 2006, holding itsfirst auction of US dollar-denominated Government bonds last year,worth 460 million USD.
The Hanoi market has performed far beyond expectations and lifteditself to a new level, commented Saigon Securities Inc chairman, NguyenDuy Hung, noting that average daily trading values had increased by 220times since the market’s inception, to 880 billion VND (46.3 millionUSD).
In addition to the restructuring from a securities trading centre intoa stock exchange, the Hanoi exchange has also launched dedicatedbourses for bonds and unlisted public companies.
The Hanoi exchange, along with the HCM Stock Exchange and the VietnamSecurities Depository Centre, will be further reorganised as asingle-member limited liability company, pursuant to Ministry ofFinance 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 announcedon March 9./.
