Malaysia, Viet Nam Cooperate to Develop Stock Market

Malaysia and Viet Nam agree to share information and past experiences in order to strengthen the development of their securities markets.

A memorandum of understanding was signed by the Malaysian stock exchange Bursa Malaysia Berhad and the Hanoi Securities Trading Center yesterday outlining the mutual development of securities markets in Malaysia and Viet Nam.

Under the memorandum, the two sides agreed to share information and past experiences in order to strengthen the development of securities markets in the two countries.

Both sides agreed to the possibility of a strategic alliance between the two markets, which might include cooperation in terms of future transactions and cross-rate listings as well as the provision of educational and training programs for staff members at the two trading centers.

Mr. Tran Van Dung, Director of the Ha Noi Securities Trading Center (HASTC), said the agreement was an important step in the HASTC’s long-term development plans, which aim to obtain the benefits of investing in the capital market.

Executive Director of Burma Malaysia, Yusli Mohamed Yusoff said the agreement demonstrates Bursa Malaysia’s commitment to developing strategic alliances with its global partners.

The same day, Bursa Malaysia and the State Securities Commission held a seminar for representatives from some of the largest companies listed on the Vietnamese market, governmental agencies and general investors, which introduced the advantages of cross-rate listing on the international transaction floor.

Bursa Malaysia agreed to let the first ten Vietnamese companies to list shares at its center to do so free of charge.

Source: TT – Translated by Trong Khuong

Other news

Most view

To ensure efficient divestment, PetroVietnam is working on a number of plans, including consolidating the two companies. (Photo: vietnamfinance.vn)

Merger of two biggest fertiliser firms considered

PetroVietnam is laying out plans to divest capital from the two biggest Vietnamese fertiliser companies – PetroVietnam Fertiliser & Chemicals Corp (DPM) and PetroVietnam Ca Mau Fertiliser Joint Stock Company (DCM) – to submit to authorities for consideration.

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.