Vietnam abandons plan to merge stock exchanges

Vietnamese Prime Minister Pham Minh Chinh (C) visits the New York Stock Exchange (NYSE) (Photo: VNA) In his meeting with NYSE leaders, the Vietnamese PM expressed his pleasure to visit the largest stock exchange in the world in terms of market capitalisation, and thanked them for the warm welcome and the privilege to ring the bell to end the trading session of May 16. PM Pham Minh Chinh meets with representatives of NYSE (Photo: VNA) PM Chinh stressed that Vietnam is cracking down on the violations of a few unscrupulous investors in the country’s stock markets to ensure its security, transparency, and sustainable development. He asked the NYSE to cooperate and share experience in developing an effective, sustainable stock market in Vietnam as well as realising the country’s ambition to successfully build a regional-level financial centre, foster the win-win partnership between the NYSE and Vietnamese agencies and companies, contributing to the development of the … [Read more...] about PM visits New York Stock Exchange, holds roundtable with CEOs of int’l firms

Vietnamese Prime Minister Pham Minh Chinh stopped over the New York Stock Exchange (NYSE) as part of his U.S. visit on Monday (local time) and rang the bell marking the end of the trading session at ‘The Big Board.’ PM Chinh expressed his pleasure to visit the NYSE, the world's largest stock exchange in terms of market capitalization, and to ring the bell closing the trading session. The premier hoped that the NYSE will give support and share its experience to help promote the development of an effective and sustainable stock market in Vietnam, and build a mutually beneficial partnership with Vietnamese partners, contributing to enhancing the Vietnam-U.S. comprehensive partnership. On this occasion, he witnessed the signing of two cooperation documents in the fields of finance, banking, and investment between Vietnamese and American companies, including the cooperation document between the State Securities Commission of Vietnam and the NYSE on providing support for market … [Read more...] about Vietnamese premier rings bell to close trading session at New York Stock Exchange

PM Chinh said Vietnam is cracking down on the violations of a few unscrupulous investors in the country’s stock markets to ensure its security, transparency, and sustainable development. He asked the stock exchange to cooperate and share experience in developing an effective, sustainable stock market in Vietnam. The Vietnamese Government leader had a roundtable with CEOs from world-leading firms and investment funds listed on the NYSE. The PM also informed the company executives of the implementation of the recovery package worth 4 percent of the national GDP, with focus priorities being the reopening of the economy in association with raising healthcare capacity and pandemic response, ensuring social welfare and creating jobs, support for businesses, investing into infrastructures, and improving institutions and business environment. During the visit, Prime Minister Chinh wrote in the guest book, expressing his pleasure to visit the largest stock exchange in the world in terms … [Read more...] about PM visits New York Stock Exchange

An investor standing in front of a stock trading screen. — Photo tuoitre.vn The State Securities Commission (SSC) sent an official dispatch to stock exchanges, requesting disclosure of information for proprietary trading of securities companies and information related to firms influencing stocks that hit ceiling or floor prices for five consecutive sessions. According to the document, based on the reports of stock exchanges on the trading situation on the stock market and Circular 96/2020/TT-BTC guiding the disclosure of information on the stock market, approved by the Ministry of Finance, SSC requested the Viet Nam Stock Exchange (VNX) to direct the Ho Chi Minh Stock Exchange (HoSE) and the Ha Noi Stock Exchange (HNX) to disclose information on total volume and total value of proprietary trading - buying and selling transactions - for each securities code at the end of a trading day. The document also said that SSC directs HOSE and HNX to require listing organisations to … [Read more...] about Stock exchanges to disclose self-trading data before May 23

Vietnamese Prime Minister Pham Minh Chinh (C) visits the New York Stock Exchange (NYSE) (Photo: VNA) New York (VNA) - Vietnamese Prime Minister Pham Minh Chinh held a working session at the New York Stock Exchange (NYSE) on May 16 (local time) as part of his trip to the US. In his meeting with NYSE leaders, the Vietnamese PM expressed his pleasure to visit the largest stock exchange in the world in terms of market capitalisation, and thanked them for the warm welcome and the privilege to ring the bell to end the trading session of May 16. PM Pham Minh Chinh meets with representatives of NYSE (Photo: VNA) PM Chinh stressed that Vietnam is cracking down on the violations of a few unscrupulous investors in the country’s stock markets to ensure its security, transparency, and sustainable development . He asked the NYSE to cooperate and share experience in developing an effective, sustainable stock market in Vietnam as well as realising the country’s ambition to … [Read more...] about PM visits New York Stock Exchange, holds roundtable with CEOs of world leading firms

PM Chinh expressed his delight at visiting the NYSE, the largest stock exchange in the world in terms of market capitalisation, and rang the iconic Closing Bell. Some of the Vietnamese conglomerates are considering offering their shares on foreign exchanges, particularly the NYSE, in order to scale up their financial soundness. In April, Vingroup’s automobile arm VinFast submitted its application for an initial public offering to the US Securities Exchange Commission. PM Chinh also attended the awarding ceremony between Vietnam and the US to further strengthen bilateral relations in various fields, including finance, banking, and investment funds. Vietnam’s State Securities Commission and the NYSE have inked a cooperation agreement to facilitate Vietnam’s forthcoming market upgrade and provide a mechanism for investors to engage in both stock markets. Here are some photos of PM Chinh visiting and working at the NYSE: Photo: VGP Photo: VGP … [Read more...] about PM Pham Minh Chinh visited New York Stock Exchange

Revenues also tripled to VND3.24 trillion, also the highest in the bourse’s 21-year history. Transaction fees, which HoSE collects at 0.027 percent, accounted for 92 percent of the revenues. The results far exceeded the profit and revenue targets of VND648 billion and VND1.06 trillion. Last year the benchmark VN-Index hit an all-time high of 1,500 points as new investors flocked to the market in record numbers. Some 1.53 million new domestic accounts were opened, 1.5 times the figure for the four previous years combined, according to the Vietnam Securities Depository. At the end of March this year there were around 4.9 million accounts, representing 5 percent of the population. The average daily trading value also tripled last year to VND22 trillion. … [Read more...] about HCMC stock exchange posts record profits

The Vietnamese defense delegation was led by its Defense Minister General Phan Van Giang. The welcoming ceremony for the Vietnamese delegation at Trapeang Sre Border Gate was solemnly conducted under the chair of Cambodian Deputy Prime Minister and Defense Minister General Samdech Pichey Sena Tea Banh. The first Vietnam-Cambodia border defense friendship exchange will be held in Loc Ninh district, Binh Phuoc province (Vietnam) and Snoul district, Kratie province (Cambodia) with many practical activities, contributing to promoting friendship between the two countries such as border landmark saluting ceremony, friendship tree planting, joint patrol of the two sides’ border protection forces, inauguration of the Vietnam-Cambodia Friendship Military Medical Station, visit to and presentation of gifts to students at Vietnamese and Cambodian schools, among others. On this occasion, the two defense ministers will hold talks to discuss world and regional situations, as well as the … [Read more...] about First Vietnam-Cambodia border defense friendship exchange officially kicks off

Vietnam considers IMF a key partner in pursuing the goal of becoming an upper-middle-income country by 2030, and a high-income country by 2045, Prime Minister Pham Minh Chinh has said. Vietnam’s economic prospects in the post-pandemic period are bright, especially with the upcoming recovery program. Prime Minister Pham Minh Chinh in an online meeting with Deputy Managing Director of the International Monetary Fund (IMF) Antoinette Monsio Sayeh. Source: VGP Deputy Managing Director of the International Monetary Fund (IMF) Antoinette Monsio Sayeh shared the view during an online meeting with Prime Minister Pham Minh Chinh on May 16, expressed her delight at the strong progress in the Vietnam-IMF partnership. The IMF’s executive highlighted Vietnam’s efforts in containing the pandemic and considered the effective vaccine campaign a key factor for the country’s speedy economic recovery. Prime Minister Chinh welcomed IMF’s support for Vietnam in accessing … [Read more...] about Vietnam’s economic recovery on right track after pandemic: IMF

Foreign resources are key for Vietnam in the process of building an independent and self-reliant economy. Vietnam would continue to open doors for foreign investors in new fields of the stock market, energy transition, digitalization, healthcare, and pharmacy. Overview of the meeting. Source: VGP Prime Minister Pham Minh Chinh gave the view during a meeting with major corporations and venture capital listed on the New York Stock Exchange (NYSE) on May 16. “Vietnam is striving to build an independent and self-reliant economy, focusing on global integration with foreign resources as a key driver,” Chinh said. In this regard, Chinh noted the Vietnamese Government is putting in place measures to ensure a transparent, healthy, and competitive business environment for both local and foreign businesses. “We expect to gain trust and confidence from businesses for Vietnam’s economy, instead of causing concern and troublesome,” he added. Amid the ongoing … [Read more...] about Vietnam opens doors for foreign investors in new business fields: PM