From its humble beginnings five years ago as the Ha Noi Securities Trading Centre, the Ha Noi Stock Exchange has increased from just six listed shares . . .
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The Ha Noi market has performed far beyond expectations and lifted itself to a new level, commented Saigon Securities Inc chairman, Nguyen Duy Hung, noting that average daily trading values had increased by 220 times since the market’s inception, to VND880 billion ($46.3 million).
In addition to the restructuring from a securities trading centre into a stock exchange, the Ha Noi exchange has also launched dedicated bourses for bonds and unlisted public companies.
The Ha Noi exchange, along with the HCM City Stock Exchange and the Viet Nam Securities Depository Centre, will be further reorganised as a single-member limited liability company, pursuant to Ministry of Finance Circular No 29/2010/TT-BTC issued earlier this month.
The regulation will enable them to raise capital from multiple sources and form partnerships with financial institutions.
It would also require them to release audited financial statements and maintain profitability.
The Ha Noi Stock Exchange had paid VND27.2 billion ($1.4 billion) into the State budget since its inception, the exchange also announced on Tuesday.
VietNamNet/Viet Nam News
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