CATEGORIES

© Copyright 2004; Hanoitimes - Economic and Urban Newspaper;

The tribune of Hanoi People’s Committee

Publication Permit: 29/GP-CBC

Editor - in - Chief: Nguyen Thanh Loi

Managing Editor: Ta Thu Giang

Email : thugiang@hanoitimes.vn

Head Office: 21 Huynh Thuc Khang Street, Dong Da District, Hanoi

Branch Office: 221 Tran Phu Street, Ha Dong District, Hanoi

WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Banking & Finance
Hanoi and Ho Chi Minh City stock exchanges urged to merge in 2019
Ngoc Mai 14:54, 2019/01/03
The merger is part of a series of measures to develop Vietnam’s stock market.
Vietnam’s Minister of Finance Dinh Tien Dung has required stock market authorities to accelerate the long-planned merger between the Hanoi Stock Exchange (HNX) and the Ho Chi Minh Stock Exchange (HoSE) to form the Vietnam Stock Exchange this year, local media reported. 
 
Ho Chi Minh City Stock Exchange.
The Ho Chi Minh City Stock Exchange.
The merger has been planned for years, but few details on the progress have been made public so far.

Last July, the Ministry of Finance submitted to the government proposal for merging the two stock exchanges. Under the plan, all shares listed in the market would be moved to the HoSE, while the government bond and derivatives markets are placed in Hanoi. 

The HoSE now is home to the largest companies while the Hanoi bourse houses smaller companies.

Once the merging is completed, the state would maintain its full ownership in the post-merger stock exchange.

Among other solutions to develop stock market, Dung also asked for completition of the drafting of the bill amending the Securities Law as way to increase the transparency of the stock market, greater efficiency in governance and ensuring legal rights of investors. 

Additionally, more measures are needed to ensure that Vietnam’s stock market will be reclassified from frontier market to secondary emerging market, which is expected to take place in 2020.

In 2018, the benchmark VN-Index down 9.3% amid the global uncertainties, but the market scale and liquidity continued to grow strongly, Dung added. 

At market close on January 2, Vn-Index fell 0.79 points or 0.09% to 891.75 points.
Comments
Other news
17:51, 2025/01/07
Vietnam prioritizes agriculture and renewable energy for access to green loans
The move is part of the government’s effort to accelerate economic restructuring and build resilience to climate change while protecting the environment.
16:49, 2025/01/06
Vietnam GDP expands by 7.09% in 2024
The 2024 growth rate is considered positive amidst global uncertainties and domestic challenges such as natural disasters.
14:39, 2025/01/04
Vietnam stock market set to accelerate in 2025: Experts
Stable macroeconomic fundamentals, ongoing institutional reforms, and favorable monetary policies will be positive for corporate earnings.
16:31, 2025/01/02
Vietnam stock market aims for emerging status by 2025: Finance minister
By the end of 2024, the benchmark VN-Index reached 1,266.78 points, up 12.11% from 2023.
15:33, 2025/01/02
Vietnam set to extend VAT cut for six months
This measure is expected to accelerate the recovery of production and business activities, which will ultimately benefit the state budget and the economy as a whole.
21:29, 2024/12/31
Vietnam’s credit growth projected to expand by 16% in 2025
Growth must put operational safety first, and channel credit to productive business sectors, priority areas, and growth-driving industries.