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US trade agency continues assistance to Ha Noi bourse
The US Trade and Development Agency (USTDA) will continue helping the Ha Noi Trading Securities Centre (HaSTC) to develop, the agency announced at a recent meeting with the centre.
The agency pledged an additional US$56,000 to expand the "Feasibility Project on HaSTC development" that ended in 2007. The Finance Ministry will work with the agency on the project.
The expanded project, expected to be finalised in March 2009, will include setting up a bidding contract and constructing technical referential clauses.
The feasibility study that the agency conducted in the northern market last year helped build a modern and effective trading system. The project cost a total of $422,000.
An official from the Ha Noi centre said that the feasibility study helped reduce errors during trading, thanks to an advanced technical system.
"The expanded project will help upgrade the system, making trading more smooth. As a result, the northern bourse will draw more capital from both domestic and overseas sources," he added.
At present, the centre is running two other markets besides listed shares trading, including a Government bond trading market, and an over-the-counter market (OTC).
Larry Walther, representative of USTDA, pledged to conduct further research to provide technical assistance to the Ha Noi bourse, helping it conduct all kinds of trading yesterday.
VNS
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