VCCI and HOSE sign cooperation agreement

Hanoi (VNA) – The Vietnam Chamber of Commerce and Industry (VCCI) and the HCM Stock Exchange (HOSE) on July 19 committed to support the Vietnamese business community in developing sustainability that would help the economy’s international integration.

Under the Memorandum of Understanding signed between the two sides on July 19, VCCI and HOSE would cooperate in research, discussing and sharing experiences and good practices of sustainable development; improving companies’ awareness of sustainable development; and developing green financial products for the Vietnamese financial market.

VCCI General Secretary Pham Thi Thu Hang said the chamber would help encourage companies to list on the HOSE through communication campaigns.

Chairman of the HOSE’s Board of Directors, Tran Dac Sinh, expressed his appreciation of the cooperation agreement, saying it marked progress of the Vietnamese stock market, in general, and HOSE in particular on the path of development.

Sinh said the Ministry of Finance had assigned the exchange to be a pioneer in developing new concepts of sustainability in the stock sector and promoting a green capital market.

The exchange will therefore build a sustainable development index of listed companies, scheduled to be launched at the beginning of 2017.

HOSE was also conducting research and developing green corporate bonds, aimed at supporting enterprises in calling for investments in sustainable development projects, Sinh added.

The exchange’s leader also confirmed that HOSE would join VCCI in efforts to help enterprises raise their competitiveness and management capacity.

This year, in the framework of the “Vietnam climate finance capacity building” programme sponsored by the Korea International Cooperation Agency, HOSE has cooperated with the Republic of Korea’s Yonsei University to open training courses on climate finance.-VNA