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On 8 August , HoSTC was renamed and upgraded to the Ho Chi Minh Stock Exchange HOSE. The Ho Chi Minh City Securities Trading Center HoSTC located in Ho Chi Minh City, was officially inaugurated on July 20, , and trading commenced on July 28, Initially, two equity issues were listed, Refrigeration Electrical Engineering Joint Stock Corporation REE and Saigon Cable and Telecommunication Material Joint Stock Company SACOM.

Foreign participants on the Stock Trading Center of Vietnam must register through a custodian licensed to hold securities on behalf of foreigners.

Once registered, a securities transaction code is issued to the foreign investor that will permit securities trading.

As of , there are thirteen licensed securities companies. Of these, nine have been licensed to conduct a full range of securities services including underwriting , brokerage , custody, research, portfolio management and trading.

The minimum capital required to operate effectively as an investment bank was VND43b c. At the end of , combined market capitalization of both Ho Chi Minh City Securities Trading Center and Hanoi Securities Trading Center is 14 billion US dollars, or On 8 August , HoSTC was renamed and upgraded to the Ho Chi Minh Stock Exchange.

This is the largest stock exchange of Vietnam at the moment.

As of July , there were companies listed on the HOSE with a market capitalisation of VND The Stock Trading Center of Vietnam is also the official mechanism through which new government bonds are issued, and it functions as the secondary market for a number of existing bond issues.

All securities traded on the Stock Trading Center of Vietnam are denominated in Vietnamese dong VND.

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Par value is standardized at VND10, for equities and VND, for bonds. Trading is conducted daily with two matchings in a morning session, from 9 a. The State Securities Commission SSC , a body established formally in , is responsible for capital markets development, licensing of participants, and the issue and enforcement of regulations. A wide range of regulations, with significant input from multilateral bodies such as the International Finance Corporation, have been promulgated, including those dealing with such issues as insider trading , take-over trigger points and margin lending.

Saigon Trade Center, Ho Chi Minh City | | EMPORIS

Foreign invested joint venture companies are technically qualified to list, but to do so, they must be reorganized into joint stock company status.

Companies intending to list must also submit to audit by an approved, independent auditing company. The mechanism of trading on the Stock Trading Center of Vietnam is via an automated order-matching system. The capacity of the system is , orders per day. Settlement is centralized through the Stock Trading Center of Vietnam using the Bank for Investment and Development of Vietnam BIDV , a state-owned commercial bank.

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Custody is based on a central depository, central registry book entry system. My Dashboard Get Published. Sign in with your eLibrary Card close. Ho Chi Minh City Securities Trading Center Article Id: Ho Chi Minh City Securities Trading Center. Ho Chi Minh City Stock Exchange HOSE , located in On 8 August , HoSTC was renamed and upgraded to the Ho Chi Minh Stock Exchange HOSE.

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