Ho Chi Minh Stock Exchange
| Ho Chi Minh Stock Exchange
|
|
|---|---|
 |
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| legal form | State company |
| founding | July 20, 2000 |
| Seat |
Ho Chi Minh City , Vietnam
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| Website | www.hsx.vn |
The Ho Chi Minh Stock Exchange (abbreviated to HOSE or HSX) is the largest exchange in Vietnam . Established in 2000 as the Ho Chi Minh City Securities Trading Center (HoSTC), the company, along with the Hanoi Securities Trading Center, is subordinate to the State Securities Commission, an administrative authority responsible for regulating trading. The exchange itself is 100 percent owned by the Vietnam Ministry of Finance . The main building of the stock exchange is located in District 1 of Ho Chi Minh City .
The Stock Trading Center of Vietnam is also the official mechanism for issuing new government bonds and acts as a secondary market for a number of existing bonds. All securities traded are held in Vietnamese Đồng . Trading is carried out daily at two trading times: in the morning (9:00 a.m. - 11:30 a.m.) and in the afternoon (1:00 p.m. - 3:00 p.m.).
In July 2018, 360 different companies were listed on the stock exchange with a combined market capitalization of US $ 131 billion . As of July 2010, there were 247 companies with a market capitalization of $ 29 billion.
history
The Ho Chi Minh City Securities Trading Center (HoSTC) in Ho Chi Minh City officially opened on July 20, 2000, and began trading on July 28, 2000 with the first two companies listed. Initially, an overall upper limit for foreign holdings of 20% for stocks and 40% for bonds was introduced. To improve liquidity, in July 2003 the government raised the foreign ownership limit for stocks to 30% and completely lifted the foreign ownership limit for bonds from a particular issuer. Since 2005, the foreign ownership limit has been 49% for shares. Foreign participants in the Vietnamese Stock Trading Center must register with a custodian licensed to hold securities on behalf of foreigners. Once registered, the foreign investor is issued a securities transaction code that enables securities trading.
In 2007 the exchange was renamed from the Ho Chi Minh City Securities Trading Center (HoSTC) to the Ho Chi Minh Stock Exchange (HOSE).
Since 2015, the HOSE part of the initiative United Nations for Sustainable Stock Exchanges (United Nations Sustainable Stock Exchanges).
Individual evidence
- ↑ Statistics | The World Federation of Exchanges. Retrieved October 1, 2019 .
- ^ Wayne Duggan: This Day In Market History: Vietnam Stock Exchange Opens. July 20, 2018, accessed October 1, 2019 .
- ↑ Hochiminh Stock Exchange | Sustainable Stock Exchanges. Retrieved October 1, 2019 (American English).