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The new agreement will help cut short processing time for listed firms and prevent disruption to trading activities.

The Vietnam Association of Finance Investors (VAFI) suggested to select a foreign stock exchange as a strategic shareholder that is responsible for transferring management technologies and training human resources.

The finance ministry plans to adopt the current software system on the Hanoi Stock Exchange for the Ho Chi Minh City Stock Exchange to address the overload, saying the process would take up to four months to complete.

Local investors remain the driving force for the stock market to surpass the 1,200-mark in the coming time.

The February figure remained a significant one as this was the shortest month in a year, not to mention that the week-long Tet holiday fell on February.

A 1,000 minimum trading lot will limit the participation of small investors, while the stock market is moving towards fairness and equality.

The new change is set to take effect from March 3, 2021, under a SSC’s instruction once a technological solution could fully solve the current overload issue on HOSE.

The stock market will continue to be an efficient capital mobilization channel for Vietnam’s economy and a useful instrument for macroeconomic management of the government.

The move is aimed to ensure greater efficiency and transparency of Vietnam’s stock market.

The average liquidity for a trading session in the first half of 2020 rose 24% year-on-year to VND5.8 trillion (US$250 million).