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VietNamNews

Work begins on additional HCM City Stock Exchange building

Update: April, 28/2012 - 08:57

HCM CITY — Construction began last Saturday on an additional building for the HCM City Stock Exchange, next to the existing facility on Vo Van Kiet Avenue in District 1. The 12-storey building, being built at a cost of VND414 billion (US$20 million), is scheduled to open in 2014, according to exchange chairman Tran Dac Sinh.

A $30 million system would be installed in the new building to support the operations of the country's two stock exchanges and the Viet Nam Securities Depository, Sinh said.

Minister of Finance Vuong Dinh Hue said the new building would serve the increased operational scale of the market as well as the modernisation of trading systems.-VNS

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