(VOVWORLD) - Prime Minister Nguyen Xuan Phuc signed a decision Monday establishing the Vietnam Stock Exchange (VNX), which will be the parent company holding 100 percent stake in both the Hanoi Stock Exchange (HNX) and the Ho Chi Minh Stock Exchange (HoSE).
 The Hanoi Stock Exchange (HNX) headquarters. (Photo: hnx.vn) |
The VNX will be a one-member limited liability company, wholly owned by the State, headquartered in Hanoi, with a charter capital of more than 129 million USD.
VNX will have its own legal status and seal as well as financial, accounting, and auditing regimes. It will be responsible for organizing the securities trading market. Its main tasks will be to develop and enact regulations on listing, securities trading, and disclosure requirements.
The decision establishing the Vietnam Stock Exchange will take effect on February 20, 2021.