31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Banking & Finance
Hanoi Stock Exchange to stop listing new stocks from July 2023
Ngoc Mai 09:26, 2021/04/16
After completing moving stocks to the Ho Chi Minh City Stock Exchange (HoSE), the one in Hanoi (HNX) would be responsible for government bond transactions and management of the derivatives market.

Starting from July 1, 2023, the Hanoi Stock Exchange (HNX) would stop listing new stocks and all existing listed companies will switch to the Ho Chi Minh City Stock Exchange (HoSE) by December 31, 2023 at the latest.

 Hanoi Stock Exchange would stop listing new stocks from July 2023. Photo: Kinhtedothi

The information was unveiled in a draft circular from the Ministry of Finance (MoF) in reorganization of the stock, bond and derivatives markets.

However, before July 1, 2023, the HNX continues to  assess application of  firms looking to list shares on the stock exchange and have registered capital of over VND30 billion (US$1.3 billion).

From January 1 to June 30, 2025, the HNX is expected to complete moving stocks from firms on the Unlisted Public Company Market (UPCoM) - operates by the HNX for public unlisted companies, to the HoSE.

The HoSE, meanwhile, would review the listing for firms with registered capital of over VND120 billion (US$5.2 million) before the deadline of July 1, 2023.

The move is in line with the government’s vision for the establishment of the Vietnam Stock Exchange (VNX) on the basis of merging the HNX and HoSE.

Under the plan, the HNX would responsible for government bond transactions and management of the derivatives market, while all shares listed in the market will be traded in the HoSE.

RELATED NEWS
TAG: Hanoi Stock Exchange HOSE Ho Chi Minh City Stock Exchange stock market government bond derivatives
Other news
10:43, 2022/43/27
Vietnam c.bank reportedly sells over US$10 billion from FX reserves
The move is expected to help accommodate the momentum of the exchange rate and the pressure on foreign exchange reserves.
14:28, 2022/28/23
Vietnam Deputy PM expects no disruption to petrol supplies
Rising prices of strategic goods, including petrol, fertilizers, and farm produce are putting pressure on the Government’s efforts in market price management.
16:51, 2022/51/22
Standard Chartered launches new head office in Hanoi
The open-plan office is located in the grade A Capital Place building, Ba Dinh District, Hanoi.
14:35, 2022/35/21
Central Bank ready to meet market demand for foreign currencies
Such a move would help ensure that banks and credit institutions have the means to meet the demand for foreign exchange from individuals and organizations.
14:55, 2022/55/20
C.bank expects Vietnam's inflation to stay below 4% in 2022
Against the backdrop of rising USD value, the Vietnamese Dong has depreciated by a mild margin of 2% compared to Thai’s Bath (down 7%), Japanese Yen (14.6%), and Taiwanese dollar (5%).
14:51, 2022/51/20
Vietnam’s green, social and sustainability debts total US$1.5 billion in 2021
Vietnam has incurred green, social, and sustainability (GSS) debts of US$1.5 billion in 2021, almost five times the $0.3 billion in the previous year, and maintaining steady growth for the third consecutive year.