The newly-launched Vietnam Stock Exchange is expected to streamline the national equities market, but there remains a possible risk of more red tape for investors and listed firms. Despite the introduction of the Vietnam Stock Exchange, the Hanoi and Ho Chi Minh City exchanges will continue to run separately, Photo: Le Toan Prime Minister Nguyen Xuan Phuc recently approved the plan to set up the Vietnam Stock Exchange (VSE), a state-owned entity that regulates the existing Hanoi Stock Exchange (HNX) and the Ho Chi Minh City Stock Exchange (HSX). The new VSE, scheduled to be launched in Hanoi in 2020, will have VND3 trillion ($130 million) in capital, whilst the two stock bourses it controls will continue to run independently from one another. The VSE will be wholly-owned by the Ministry of Finance until its scheduled equitisation in 2023. According to the plan, it will take over the supervision of the HNX and HSX, as well as launch new regulations for market activities. The … [Read more...] about Could new bourse end city rivalry?