Ho Chi Minh City and Hanoi stock exchanges will launch a common index in October, financial news website ndh.vn reported, citing a southern bourse's report.
– Ho Chi Minh City and Hanoi stock exchanges will launch a comm𝄹on index in October, financial news website ndh.vn reported, citing a southern bourse's report.
The HCM Stock Exchange (HoSE) said the launch will be an initial step to merge the two exchanges, and standardise local stock indices in the future.
This is part of the restructuring process in line with a strategy that the Government has adopted for stock market development until 2020.
Industry insiders said HoSE will mainly operate shares and corporate bond trading, while the Hanoi Exchange (HNX) will focus on state bonds and derivatives transactions.
In April, the two exchanges already signed a memorandum of understanding on building the common index, besides other forms of cooperation such as sharing data, developing the corporate bond market and organising company management programmes.
These are aspects that stock market regulators are trying to improve to help the local bourses get closer to international standards.
According to HoSE, the Vietnamese stock market continued to attract international investors this year, with the benchmark VN-Index reaching an eight-year high last July.
Until July 20 this year, transaction values on the HoSE alone averaged some 2.37 trillion VND (105.3 million USD) per day, an increase of 25 percent over the same period last year.
The market capitalisation value of the HoSE hit 1.3 quadrillion VND on July 20, up 16 percent over the end of last year and equivalent to 32 percent of the country's gross domestic product (GDP).
HoSE authorities said at the 16th anniversary of the southern exchange late last month that they will concentrate on strengthening the domestic market for sustained development over the next five years, by increasing the size and liquidity of the market.
They expected the local market to reach a capitalisation value equalling 60 percent of GDP, and to keep abreast with the standards of other markets in the Association of Southeast Asian Nations (ASEAN).-VNA
Shares declined for four days in a row on August 3, dragging the benchmark VN-Index to a one-month low as blue chips maintained their downward trend and global oil prices continued to dwindle.
Shares lost most of the value gained in morning session on August 4 as increased investor selling in the afternoon eroded confidence in the ongoing rally.
Vietnamese shares were mixed on August 8 while investor confidence in the market prospects remained low, pulling market trading to its lowest level since mid-February.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
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According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
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The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Illustrative image (Source: VNA)
