Business

Vietnam stock sector has foundation day

The Prime Minister has issued a decision to take November 28 as the Foundation Day or Traditional Day for Vietnam's stock markets.

Hanoi (VNA) - The Prime Minister has issued a decision to take November 28 as the Foundation Day or Traditional Day for Vietnam's stock markets.

The Foundation Day aims to provide historical development of Vietnam'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.

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

The local stock market capitalisation was 1.14 quadrillion VND (50.7 billion USD) in 2015, an increase of 16.4 percent from 2014.-VNA

VNA
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