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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
vietnams stock exchanges to merge

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:
Stock Exchange Vietnam Stock

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