Vietnam's stock exchanges to merge

14:43 | 22/10/2016 Finance Follow english.haiquanonline.com.vn on

Vietnam is planning to merge the Hanoi Stock Exchange and HCM City Stock Exchange into the Vietnam Stock Exchange to improve transparency and attract more foreign investors

The merger will be carried out within this year and expected to be completed in 2018.

There are mixed opinions about the location of the exchange. Many experts and financial institutions would prefer it to be located in HCM City which has traditionally been a far more dynamic market.

However despite their views, Prime Minister Nguyen Xuan Phuc decided that the headquarters should be in Hanoi to make the ‘risk management’ easier.

In the first phase, information and data systems in both exchanges will be standardised to create a better investment environment.

The stock exchanges in Hanoi and HCM City will have their own purposes. Shares will be listed on the HCM City Stock Exchange while government bonds and derivatives will be managed in Hanoi.

Source: Dtinews

Tags:

Related News

Vietnam is ready to welcome a new wave of investment in the semiconductor industry

16:08 | 15/05/2024 Headlines

VCN - Deputy Minister of Planning and Investment Tran Duy Dong (Photo) gave an interview to Customs Magazine about Vietnam's preparations to attract FDI into the semiconductor industry.

Opportunities for Vietnam to participate in the global semiconductor industry value chain

11:34 | 15/05/2024 Import-Export

VCN - The global chip race is heating up, and Vietnam has a unique opportunity to assert itself as one of the participants in the semiconductor industry value chain.

Ho Chi Minh City: Enterprises overcome difficulties, exports lead the country

14:58 | 10/05/2024 Import-Export

VCN - HCM City led the nation in exports. In order to get this result, in addition to the market's recovery signal, there are also the efforts of businesses to overcome difficulties.

What to do to develop Vietnam's creative economy?

10:06 | 11/05/2024 Headlines

VCN - According to MSc. Nguyen Anh Duong (photo), Director of the Department for General Economic Issues and Integration Studies under the Central Institute for Economic Management (CIEM), to develop the creative economy in Vietnam, it is necessary to first improve the institutional framework and policies to create a legal framework suitable for the development of the creative economy, creative industries and culture, and creative cultural markets.

Latest News

After six consecutive increase years, tax revenue from real estate transfer plunges

08:49 | 19/05/2024 Finance

VCN – In 2023, real estate market was in extremely difficult time, purchasing power and liquidation had a sharp decline and there was a lack of cash flow, the amount of personal income tax (PIT) from real estate transfer activities plunged.

Improve processes and enhance experience to rebuild trust in life insurance

20:25 | 17/05/2024 Finance

VCN - In Vietnam, the space and potential of the life insurance industry is still very large, so it is necessary to focus on implementing new solutions, improving product quality, and helping the market develop sustainably.

PM chairs meeting on fiscal, monetary policy management

20:20 | 17/05/2024 Finance

Prime Minister Pham Minh Chinh chaired a meeting in Hanoi on May 16 with ministries and agencies to discuss the coordination of fiscal and monetary policies aimed at maintaining macroeconomic stability, controlling inflation and promoting growth.

Many tax management solutions for e-commerce

10:01 | 16/05/2024 Finance

VCN - In Vietnam, the e-commerce market is increasingly growing and expanding with a diversity of operating models, many participants... posing great challenges for tax management.

More News

Completely resolve problems and accelerate public investment disbursement

14:41 | 15/05/2024 Finance

VCN - In the first 4 months of 2024, the disbursement of public investment capital reached 17.46% of the plan assigned by the Prime Minister, higher than 15.65% in the same period last year. However, to further speed up this work, the Ministry of Finance believed that it needed to urgently overcome problems that have existed for a long time, especially in key projects.

Tax, land rent payment deadlines to be extended this year

14:21 | 15/05/2024 Finance

Payment deadlines for value added tax (VAT), corporate income tax, personal income tax, and land rent in 2024 are set to be extended, involving a total tax value of nearly 84 trillion VND (3.3 billion USD).

Tax compliance management in the digital economy

11:32 | 15/05/2024 Finance

VCN - The management of tax compliance in the digital economy has faced many challenges compared to the traditional economy. The transactions made via the internet environment and digital platforms have caused monitoring, controlling and management difficulties. Therefore, it is required to have appropriate solutions for management and ensuring revenue sources.

Hai Phong: Budget revenue reached more than VND40,000 billion

13:57 | 14/05/2024 Finance

VCN - The results of Hai Phong City's revenue collection achieved a good growth rate, expected to reach hundreds of trillion VND for the third consecutive year.

Price adjustment should be in implemented in appropriate time to control inflation

13:56 | 14/05/2024 Finance

VCN – The increase in base salary, deposit interest rates, exchange rates and gold prices, and adjustment of prices of public services and State-managed goods are “threats” in price management and inflation control from now until the end of the year. However, Dr. Nguyen Duc Do, Deputy Director of the Institute of Economics and Finance (Academy of Finance), these are not too big impacts, it is necessary to monitor and calculate the appropriate time and level.

Fiscal policy is expanded and flexible to promote economic growth 2024

13:28 | 13/05/2024 Finance

VCN - Recently, the Ministry of Finance has proactively researched, proposed, and submitted to competent authorities as well as issued financial support policies for the economy, with a total of about VND700 trillion. This is a particularly important resource that contributes to promoting the economic recovery process after the pandemic. According to experts, in 2024, flexible and prudent fiscal policy will continue to be the foundation for the economy.

Closely follow the situation, research and propose many solutions about taxes and fees to support the economy

08:16 | 12/05/2024 Finance

VCN - In 2024, along with evaluating and summarizing the implementation of support solutions that have been issued, the Ministry of Finance will continue to coordinate with ministries and branches to closely monitor the actual situation and forecast the situation of socio-economic development to research and propose to competent authorities about support solutions on taxes and fees to apply in 2024.

Prevent corruption and group interests in developing financial laws

10:07 | 11/05/2024 Finance

VCN - In order to prevent corruption, group interests, and local interests, the Ministry of Finance requires its subordinate units to strengthen the building and perfecting legal system and law enforcement organization. Accordingly, the Ministry will strictly handle corruption, negative acts and group interests in policy development.

"Creativity in revenue collection to achieve set goals in difficult contexts"

14:55 | 10/05/2024 Finance

VCN - The Ministry of Finance held an online briefing conference to evaluate the implementation of financial and budget work in April and deploy the work program for May 2024. Minister of Finance Ho Duc Phoc chaired the conference.

Your care

Latest Most read