Nasdaq OMX helps develop Vietnamese securities market

Nasdaq OMX Group, Inc. of the US will support the development of the Vietnamese securities market under a Memorandum of Understanding (MoU) it signed with the Ho Chi Minh Stock Exchange (HOSE) in New York on Sept. 23.

Nasdaq OMX pledged to share its technology and market experience with HOSE and the Vietnamese capital market as a whole to help increase their capability, infrastructure, and liquidity.

HOSE Chairman Nguyen Doan Hung said that the agreement aims to establish a channel for information exchange in the areas of system operations, regulatory framework, cross-listing and product development. “This is an official and long-term commitment for further cooperation between the two exchanges and the two markets,'' Hung said.

VNA

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