Prime Minister Nguyen Tan Dung urged Vietnam’s stock market to becomemore transparent and effective in line with market economy principlesduring a ceremony to celebrate the 15th anniversary of the HCM CityStock Exchange (HOSE) on July 25.
Addressingthe event, PM Dung called on the Ministry of Finance (MoF), the StateSecurities Commission (SSC) and the Hanoi and HCM Stock Exchanges tofinalise legal frameworks, mechanisms and policies in the fieldaccording to market economy principles and international practice toincrease the transparency and efficiency of stock markets.
He also asked the MoF and the SSC to accelerate the restructuring ofthe stock market and the equitisitation of State-owned enterprises aswell as encourage private companies to equitise and participate in stockmarkets.
Over the past 15 years ofdevelopment, HOSE has transformed into the largest stock exchange inVietnam listing the biggest companies in the nation.
According to the HOSE’s chairman of the Board of Director, Tran DacSinh, there were 303 companies listed on HOSE as of June 30 with amarket capitalization of 1.1 quadrillion VND (50.5 billion USD).
HOSE has 87 member securities companies with 1.5 million investoraccounts. The total traded value in the past 15 years reached 2.7quadrillion VND (112 billion USD).
HOSE alsolisted an exchange-trade fund and 30 company and local government bonds.Listed companies on average doubled their charter capital after listingon the market.
On the occasion, the HOSE was warded the First Class Labour Order.-VNA
Addressingthe event, PM Dung called on the Ministry of Finance (MoF), the StateSecurities Commission (SSC) and the Hanoi and HCM Stock Exchanges tofinalise legal frameworks, mechanisms and policies in the fieldaccording to market economy principles and international practice toincrease the transparency and efficiency of stock markets.
He also asked the MoF and the SSC to accelerate the restructuring ofthe stock market and the equitisitation of State-owned enterprises aswell as encourage private companies to equitise and participate in stockmarkets.
Over the past 15 years ofdevelopment, HOSE has transformed into the largest stock exchange inVietnam listing the biggest companies in the nation.
According to the HOSE’s chairman of the Board of Director, Tran DacSinh, there were 303 companies listed on HOSE as of June 30 with amarket capitalization of 1.1 quadrillion VND (50.5 billion USD).
HOSE has 87 member securities companies with 1.5 million investoraccounts. The total traded value in the past 15 years reached 2.7quadrillion VND (112 billion USD).
HOSE alsolisted an exchange-trade fund and 30 company and local government bonds.Listed companies on average doubled their charter capital after listingon the market.
On the occasion, the HOSE was warded the First Class Labour Order.-VNA
