The Prime Minister has just issued Decision 37 to establish the Vietnam Stock Exchange (Vietnam Exchange - abbreviated VNX) with a charter capital of 3,000 billion VND (effective from February 20, 2021). The Department is organized according to the parent-subsidiary company model on the basis of rearranging the Hanoi Stock Exchange and the Ho Chi Minh City Stock Exchange with headquarters in Hanoi.
The Prime Minister has just issued Decision 37 to establish the Vietnam Stock Exchange (Vietnam Exchange - abbreviated VNX) with a charter capital of 3,000 billion VND (effective from February 20, 2021). The Department is organized according to the parent-subsidiary company model on the basis of rearranging the Hanoi Stock Exchange and the Ho Chi Minh City Stock Exchange with headquarters in Hanoi.
The decision clearly states that companies with 100% charter capital held by the Vietnam Stock Exchange include the Hanoi Stock Exchange and the Ho Chi Minh City Stock Exchange. The Vietnam Stock Exchange decides the charter capital of the Hanoi Stock Exchange and the Ho Chi Minh City Stock Exchange after receiving approval from the Ministry of Finance.
Accordingly, the Hanoi Stock Exchange will be responsible for organizing and operating the derivatives market, bond trading market and other securities trading market according to legal regulations. The Ho Chi Minh City Stock Exchange will be responsible for organizing and operating the stock trading market and other securities trading markets according to the provisions of law.