Mr. Tran Van Dung, CEO of the Ho Chi Minh City Stock Exchange (HOSE), said that HOSE will build a mutual index between HOSE and the Ha Noi Stock Exchange, at a press conference on April 11.
The mutual index plays an important role in attracting indirect investment capital from foreign investors as well as creating transparency and trustworthiness of the market in the eyes of foreign investors. Building a mutual index between HOSE and HNX is a policy of the State Securities Commission to provide favorable conditions for the country’s stock market.
Accordingly, HOSE and HNX will sign a memorandum of collaboration on April 12. Under the plan, the two trading floors and securities companies will finish preparation for infrastructure in the third quarter of 2016 and the new index will be launched by the end of this year. This is considered as an essential step for the upcoming merger of the two trading floors.
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