The Ho Chi Minh City Stock Exchange (HOSE) has just officialy announced HOSE's 10 sector indexes based on Global Industry Classification Standards (GICS).
The GICS is divided 4 levels including 10 sectors, 24 industry groups and 154 sub- industries: energy, materials, industry, essential goods, health care, finance, information technology, telecommunication services...
The GICS is used by most stock exchanges and index research institution worldwide. The application of the GICS will help Vietnamese stock market identify with international stock market and enhance the approaching method from foreign investors in Vietnam.
GICS is an international standard developed by MSCI (Morgan Stanley Capital Investments) and S&P Dow Jones Indexes to provide an effective, detailed and flexible tool for investors to record rapid changes in separate fields.