VN stock markets to have foundation day

The Prime Minister on Tuesday issued a decision to pick November 28 as the Foundation Day or Traditional Day for Viet Nam's stock markets.

The Foundation Day aims to provide historical development of Viet Nam's stock markets, and encourage individuals and organisations in the market to guarantee their legal actions and obligations.

The Foundation Day is also an event to give credit and rewards to those who have made great contributions to the development of local stock markets.

Viet Nam's stock markets have operated since July 2000 with exchanges in HCM City and Ha Noi, trading nearly 700 stock codes and fund certificate codes as well as nearly 600 bond codes.

The local stock market capitalisation was VND1.14 quadrillion (US$50.7 billion) last year, an increase of 16.4 per cent from 2014.

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