The Vietnam Stock Exchange will be set up with the Hanoi Stock Exchange and the Ho Chi Minh Stock Exchange being its subsidiaries (Photo: VNA)Hanoi (VNA) – The Vietnam Stock Exchange (VSE)will be set up with a view to unifying the stock market and ensuring efficient,fair, open and transparent activities on the market.
Prime Minister Nguyen Xuan Phuc recently signedoff a plan on the establishment of the VSE.
Accordingly, the VSE will be headquartered inHanoi and operate as a one-member limited liability company wholly owned by theState. The Ministry of Finance will be the representative of the State capitalownership.
The Hanoi Stock Exchange (HNX) and the Ho ChiMinh Stock Exchange (HOSE) will become its subsidiaries with 100 percent ofcapital invested by the VSE, but they will operate independently from theparent company.
The VSE’s charter capital, 3 trillion VND(128.64 million USD), will come from the charter capital of these two bourses.
Under the newly approved plan, the VSE is taskedwith issuing regulations on stock listing and transactions, supervising the HNXand the HOSE, and monitoring the stock market.
It will also act as an intermediary whendisputes relating to stock transactions occur and cooperate with foreignpartners in securities.-VNA
VNA
