Vietnam Stock Exchange to be established

SGGP
Prime Minister Nguyen Xuan Phuc has approved the project to establish Vietnam Stock Exchange with head quarter locating in Hanoi by reorganizing the Hanoi Stock Exchange and Ho Chi Minh City Stock Exchange.

According to the project, Vietnam Stock Exchange whose charter capital is VND3 trillion will operate under the model of a wholly state-owned enterprise with the Ministry of Finance representing for the owner of State capital.
In the first stage from 2019 to 2020, operation of the two existing stock exchanges Ha Noi and Ho Chi Minh City will continued to be maintained. At the same time, organization of Hanoi and Ho Chi Minh City stock exchanges will be restructured and organization of Vietnam Stock Exchange will be unified.
In the second stage from 2020 to 2023, information technology system will be put into operation on Ha Noi Stock Exchange and Ho Chi Minh City Stock Exchange, on this basis, market segmentation will be implemented. Solution for equitization of Vietnam Stock Exchange will be built for implementation after 2023.

By Ha My – Translated by Thuy Doan

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