The Ho Chi Minh Stock Exchange (HoSE) suspended all trading activities for the second consecutive day on Wednesday, citing a software glitch that prevented the exchange from completing its closing procedure on Monday afternoon.All trading activities were suspended at the HoSE through Tuesday with the exchange operator announcing that the suspension would remain effective on Wednesday, without explaining when it would reopen.At around 2:30 pm on Monday, the exchange’s electronic order matching system, which matches buy and sell trades, began to lose signal.HoSE announced later the same day that a software glitch had occurred and that the stock exchange was unable to match closing prices for Monday’s session.The exchange operator immediately notified all of its member companies, assuring them that the technical problem would have no impact on already matched transactions.Investors later confirmed that the incident had caused no financial damage, but expressed their regret … [Read more...] about Ho Chi Minh stock exchange suspends trading again over software glitch
Ho chi minh stock exchange
The Ho Chi Minh stock exchange was closed on Tuesday due to technical difficulties, a statement posted to the website of the State Securities Commission (SSC) of Vietnam said, without indicating when the problem would be resolved. “The Ho Chi Minh City Stock Exchange has suspended trading on January 23, 2018 to fix the problem and will inform market members and investors of the reopening of the transaction in the earliest time,” the statement said. The exchange was working on fixing the issue, according to the statement. The trading system developed a technical issue at 2:31 p.m. (0731 GMT) on Monday which prevented it from retrieving a closing price for the index, local media reported. Without the closing point as reference for the next trading day, the State Securities Commission has allowed the exchange to halt Tuesday’s trading, local media said, citing a statement from the exchange. The Hanoi-based derivative market was functioning as normal, the SSC said. … [Read more...] about Ho Chi Minh stock exchange closes due to technical issues
The Ho Chi Minh Stock Exchange (HOSE) and the Stock Exchange of Thailand (SET) have agreed to extend the terms of their previous memorandum of understanding (MoU) for another three years and expand its collaboration. The new agreement identifies cooperation between the two stock exchanges in the areas of information technology (IT) development, trading system maintenance, dual listing of Thai-Viet Nam joint ventures and the development of capital market education in Viet Nam. SET President Patareeya Benjapolchai said that SET has placed a high priority on creating alliances and enhancing linkages, because increased collaboration and mutual development will strengthen ASEAN regional capital markets and economies. Meanwhile, HOSE President Tran Dac Sinh said SET’s IT assistance is important for the development of HOSE and will help Vietnamese companies wishing to list on foreign exchanges, including the Thai bourse. “SET is able to offer Viet Nam considerable experience … [Read more...] about Ho Chi Minh Stock Exchange extends MoU with Thai counterpart
The Ho Chi Minh Stock Exchange (HOSE), which has operated for 15 years as one of the two main bourses of Vietnam along with the Hanoi Stock Exchange (HNX), may become a branch of a reunified trading floor when is established by the end of this year under a Ministry of Finance plan. According to a proposal on the merger of the two bourses to form a single Vietnam Stock Exchange (VSE) submitted to the central government earlier this week, the headquarters of the VSE will be placed in Hanoi and the stock exchange will have a branch in the southern economic hub. The merger will be realized by the end of 2015, according to the proposal. After merging, the VSE will be a 100-percent state-run unit in the 2015-2020 period under the direct management of the Ministry of Finance. After 2020, the proportion of the state ownership will be reduced to 75-90 percent. Meanwhile, member securities companies of the VSE will be allowed to purchase a 10-25 percent stake in the proposed new stock … [Read more...] about Hanoi, Ho Chi Minh City stock exchanges likely to be merged this year
It is one of those questions that pop up whenever there is a new gathering of expatriates in Vietnam. Hanoi or Ho Chi Minh City? Which do you prefer? This time it was at a soiree the day after Christmas, or "Boxing Day," as the Brits call it. Around the table were folks from Europe, North America, South America and New Zealand. As the young German explained his preference for Hanoi, I nodded my concurrence. This is a question that divides my wife and I. She was born in Saigon and left a few years later, after it was renamed in honor of the late Vietnamese president Ho Chi Minh. So naturally she thinks of Saigon as home. She speaks with a southern accent and enjoys visiting not-so-distant relatives. She finds the southern food more flavorful, the society friendlier. She does not mind the heat and she likes the hustle and bustle. But I have never lived in Ho Chi Minh City. And Hanoi is starting to feel like. . . well, if not home, then maybe a bit homey. But it is not a matter … [Read more...] about Hanoi or Ho Chi Minh City?