Business

Vietnam’s stock exchanges step up cooperation

The Hanoi Stock Exchange and the Ho Chi Minh Stock Exchange will further professional exchange and support as well as cooperate in areas of shared interest.
Vietnam’s stock exchanges step up cooperation ảnh 1Investors follow stock fluctuation (Photo: VNA)

HCM City (VNA) – The Hanoi Stock Exchange (HNX) and the Ho Chi Minh Stock Exchange (HOSE) will further professional exchange and support as well as cooperate in areas of shared interest as stipulated in the Memorandum of Understanding (MoU) signed on April 12.

Accordingly, the two stock exchanges will share and standardise the information databases of both markets, while joining hands to organise programmes on company management, sustainable development and corporate bond market development.

Chairman of the State Securities Commission Vu Bang highlighted that the MoU enables the exchanges to deepen collaboration and comprehensive development, which will give support to enterprises.

It will create momentum to develop the Vietnamese securities market in accordance with international standards, elevate the domestic stock market, while making a contribution to national economic reforms, he added.

The MoU offers opportunities for the two sides to share experience in management and operation and build a common set of indicators for the development of the Vietnamese stock market, according to HOSE Chairman Tran Dac Sinh.

Meanwhile, HNX Chairman Nguyen Thanh Long believed that the cooperation will help the two sides set up a mechanism to renovate administrative procedures, enhance the transparency of securities products as well as design suitable products to meet the increasing demands of investors, especially for derivative stocks in the future.-VNA

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