Business

HOSE announces global industry classification standards

The Ho Chi Minh City Stock Exchange (HOSE) formally announced its Global Industry Classification Standards (GICS) on January 25.
HOSE announces global industry classification standards ảnh 1Illustrative image (Source: VNA)

HCM City (VNA) – The Ho Chi Minh City Stock Exchange (HOSE) formally announced its Global Industry Classification Standards (GICS) on January 25.

GICS is an international standard developed by MSCI (Morgan Stanley Capital Investments) and S&P Dow Jones Indexes to provide an effective, detailed and flexible tool for investors to record rapid changes in separate fields.

It is used by most stock exchanges as well as index research institutions around the world.

Nowadays, more than 43,000 companies and 50,000 stocks worldwide are classified based on GICS, accounting for about 95 percent of international market capitalisation.

In addition, up to 9.6 trillion USD in stocks are benchmarked to the MSCI indexes and all use GICS.

Deputy Director of the HOSE Tran Anh Dao said the application of the GICS will help the Vietnamese stock market become more global.

This will enable investors, especially foreign ones, to enter Vietnam and diversify their investment projects.-VNA

VNA
#Ho Chi Minh City Stock Exchange#HOSE#Global Industry Classification Standards#GICS#investors#projects
Follow VietnamPlus

Related News

Companies need to have 5.5 million USD in charter capital and get profits for at least two years as a joint stock company. (Photo:baodautu)

Qualified SOEs allowed to skip UPCOM

Equitised state-owned enterprises (SOEs) would be able to be listed directly on the stock market and skip the Unlisted Public Company Market (UPCOM) if they were qualified, an official told Securities Investment magazine.
Illustrative image (Source: VNA)

HOSE launches total return index

The Ho Chi Minh Stock Exchange (HOSE) launched the total return index (TRI) on June 30 to evaluate investment efficiency.

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.