Hanoi Stock Exchange eyes profit of 13.2 million USD in 2019
The northern securities market regulator also plans to pay 61.6 billion VND to the State budget, slightly lower than the figure of 62.4 billion VND in 2018.
In addition, the bourse will increase its budget for research and development to 76.2 billion VND in 2019, from 2018’s figure of 10.5 billion VND.
In the draft plan HNX submitted to the Ministry of Finance for approval, the northern bourse will enhance its supervision of information disclosure on companies that trade shares on the stock market.
The HNX will also revise and complete the framework on monitoring stocks, especially those that are traded on the Unlisted Public Company Market (UPCoM), and work with brokerage firms to implement the market-making mechanism for the stock market.
In addition, the northern bourse will propose the State Securities Commission (SSC) allow investors and securities firms to carry out margin lending for UPCoM-traded large-cap companies to increase trading liquidity and help the Government sell stakes in those firms easier.
In 2019, the HNX will develop a draft on establishing the bond futures contracts, create futures contracts underlying the VNX200-Index, and work on legal documents to allow trading of other derivatives products.
In 2018, the HNX earned 562.5 billion VND in total revenue and 307.4 billion VND in pre-tax profit.
Related News
Pressure on Corporate bond maturity will fall in mid-2024
20:10 | 07/04/2024 Finance
Strengthen supervision of information disclosure obligations of listed organizations
07:50 | 29/12/2023 Finance
Enterprises listed on the stock exchange are still limited
19:02 | 23/07/2023 Finance
Trading floor of corporate bonds satisfies conditions for official operation
10:07 | 25/07/2023 Finance
Latest News
Corporate bond maturity in 2024 remains high: MoF
13:51 | 23/04/2024 Finance
Support clearance procedures for imported gold for bidding
09:33 | 23/04/2024 Finance
The exchange rate will gradually cool down from the end of the second quarter of 2024, while interest rates will remain low
09:32 | 23/04/2024 Finance
Majority of credit institutions forecast profit growth in 2024
15:16 | 22/04/2024 Finance
More News
Central bank plans to auction gold bars on April 22
18:00 | 21/04/2024 Finance
Old loans must endure higher interest rates temporarily: central bank
15:44 | 19/04/2024 Finance
State-owned enterprises flourished
14:15 | 19/04/2024 Finance
Forum discusses support for women-owned firms to join supply chains
17:41 | 18/04/2024 Finance
Ensure savings and prevent losses in disbursement of public investment
10:24 | 18/04/2024 Finance
Implementing unprecedented fiscal policies to actively support people and businesses
16:25 | 17/04/2024 Finance
Foreign investors net sell in Vietnamese market, banking sector attracts interest
16:13 | 17/04/2024 Finance
Banks record positive business indicators in Q1 2024
14:20 | 16/04/2024 Finance
The finance sector focuses on perfecting institutions, ensuring financial discipline, and budgetary rigor
10:00 | 16/04/2024 Finance
Your care
Corporate bond maturity in 2024 remains high: MoF
13:51 | 23/04/2024 Finance
Support clearance procedures for imported gold for bidding
09:33 | 23/04/2024 Finance
The exchange rate will gradually cool down from the end of the second quarter of 2024, while interest rates will remain low
09:32 | 23/04/2024 Finance
Majority of credit institutions forecast profit growth in 2024
15:16 | 22/04/2024 Finance
Central bank plans to auction gold bars on April 22
18:00 | 21/04/2024 Finance