Vietnam Stock Exchange set to have registered capital of US$130 million
Under the decision, the Vietnam Stock Exchange (VNX) would operate under the form of single member limited liability company and 100% owned by the Ministry of Finance.
Vietnam Stock Exchange (VNX), formed by the merging of the Hanoi Stock Exchange (HNX) and the Ho Chi Minh Stock Exchange (HoSE), is set to have a registered capital of VND3 trillion (US$130 million).
HoSE and HNX would be subsidiaries of the Vietnam Stock Exchange. Photo: Kinhtedothi |
The figure was revealed in decision No.757/QD-BTC issued by the Ministry of Finance on organizational and operational charter of the VNX, which is expected to base in Hanoi.
Under the decision, the VNX would operate under the form of single member limited liability company and 100% owned by the Ministry of Finance, while both the HNX and HoSE are subsidiaries and wholly owned by the VNX.
Main tasks of the VNX include drafting regulations on listing and transactions in the stock market, supervising the operation of HoSE and HNX in compliance with securities law, and setting up plan to develop the IT system, new technologies and products for the stock market.
Under the management of the VNX, the HNX is responsible for government bond transactions and management of the derivatives market, while all shares listed in the market will be moved to the HoSE.
The HoSE is currently home to large companies while the Hanoi bourse houses smaller companies.
Other News
- Fireworks to light up Hanoi's 70th Liberation Day
- Hanoi tourism sector struggles with rising airfares
- Hanoi steps up effort to address air pollution
- Vietnamese landscape in the 1930s through Ukrainian photographer's lens
- Temple of Literature multimedia books released
- 2,000-year-old bronze drums on display at Hanoi Museum
- Hanoi celebrates 1,085th anniversary of ancient Co Loa capital
- Hanoi strengthens cooperation with neighboring Hoa Binh Province
- Cultural similarities provide basis for Vietnam-Italy cooperation in various fields
- Hanoi district governments urge new plans for old apartment blocks
Trending
-
Collective efforts are key to fight against plastic waste
-
Vietnam news in brief - April 24
-
3,400 taels of gold purchased at the first-in-11-year auction
-
Voluntary social security should cover larger part of informal sector: Experts
-
ASEAN Future Forum 2024: Promoting regional centrality
-
Central bank moves gold auction to tomorrow
-
[Video]Hanoi beauty spots featured in saxophone legend Kenny G's music video
-
Colorful stage shows in Hoan Kiem Lake pedestrian area
-
It happened as it had to happen