Vietnam’s securities market aims for midterm, longterm capital mobilization for economic growth
(VOVWORLD) - The Vietnam Exchange has opened with its head office based in Hanoi and chartered capital from the Hanoi Stock Exchange (HNX) and the Ho Chi Minh City Stock Exchange (HOSE) combined.
 Deputy Prime Minister Le Minh Khai hands over the Prime Minister's decision on the establishment and operations of the Vietnam Stock Exchange (VNX). Photo: VGP/Quang Thuong |
Addressing the Stock Exchange’s opening ceremony on Saturday, Deputy Prime Minister Le Minh Khai praised the role of the securities market in mobilizing mid and long-term capital for national development. “The Vietnam Exchange unifies organizational structure, policy and IT infrastructure to serve local segments of securities market for upscaled international integration and capital mobilization at home and abroad. I call for stronger reform in the securities market to ensure more competitive and higher quality stock market,” said Khai.
Vietnam’s securities market has achieved a capitalization value of 163% of the GDP with nearly 1.1 million investor accounts.