Hanoi Stock Exchange goes public

Upgrading the Hanoi Securities Trading Centre (HASTC) into the Hanoi Stock Exchange (HNX) has been a major step in the 10 year old development of Vietnam’s stock market.

This was confirmed by Permanent Deputy Prime Minister Nguyen Sinh Hung at the opening ceremony for the HNX and the Unlisted Public Company Market (UPCoM) in Hanoi on June 24.

The Deputy PM confirmed that the stock market has developed well over the past 10 years, from only 10 companies being listed in the market up to now there have been over 400 companies and the amount of transactions in one day has turned over thousands of billions of VND.

The HNX will be run in the form of the one-member limited company model with a charter capital of VND1,000 billion.

The opening of the UPCoM later the same day shows the great efforts of management agencies in increasing the scope of the transaction market and creating opportunities for public companies to raise their capital.

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