Vietnamese stocks to be traded on KRX

October 20, 2016 - 10:13

South Korea’s stock market operator reported yesterday that it had secured a contract with its Vietnamese counterpart to set up the IT infrastructure for the Southeast Asian nation’s equity trading.

SEOUL — South Korea’s stock market operator reported yesterday that it had secured a contract with its Vietnamese counterpart to set up the IT infrastructure for the Southeast Asian nation’s equity trading.
Under the deal with the HCM Stock Exchange, or HoSE, the Korea Exchange will offer a set of programmes based on a next-generation system, called EXTURE Plus, to meet the entire requirements for Việt Nam’s stock trading, including market information, market surveillance, clearing & settlement and depository & registration.
The KRX’s system will be used in the HoSE-affiliated Hanoi Stock Exchange as well.
The agreement represents a “significant milestone to both capital markets and will further solidify the critical strategic partnership that exists between both countries,” said the KRX.
It’s expected to take two years to complete the project, it added but stopped short of immediately revealing the exact value of the contract. — The Investor

Tags equity trading

Petrol prices down in latest adjustment

Economy

NA approves fuel environmental tax cut for another year

Economy

Market cautious as liquidity drops significantly

Economy

HCM City set to smash $70b GRDP milestone in 2024

Economy

Việt Nam and South Korea sign mutual recognition agreement on AEO

Economy

Việt Nam's aviation industry soars towards growth

More on this story

Economy

Inflation must stay below 5%

The Government and its agencies will have to make their best efforts to ensure inflation growth stays below 5 per cent at the end of this year, Deputy Prime Minister Vương Đình Huệ said at a meeting yesterday.

Economy

Shares rise on positive outlook

Shares rose for a second day yesterday on the two exchanges as investors were optimistic with the market outlook and earnings prospects of listed companies.

Economy

Circular on electronic certificate of origin issued

The industry and trade ministry has enforced Circular No. 22/2016/TT-BCT, which pertains to the use of electronic certificate of origin (C/O) under the ASEAN Trade in Goods Agreement (ATIGA).

Economy

Gas traders claim compensation

Some 800 small and medium sized gas trading companies have submitted a proposal to the Prime Minister Nguyễn Xuân Phúc and Minister of Industry and Trade Trần Tuấn Anh on gas trading requirements.

Economy

Việt Nam – Luxemburg sign deal on securities, financial co-operation

The governments of Việt Nam and Luxemburg recently signed a protocol about the VIE032 project “Capacity Improvement in Finance” to support the State Securities Commission in its implementation of the Việt Nam Stock Market Development Strategy 2016-2020.

Economy

The Commerce Act: how to comply

According to the Commerce Act 2005, although goods have been delivered to and are paid by the agents, goods’ owners are still the principals. The principals should, therefore, specify several contents to ensure their rights.

Economy

Japanese firms, big and small, keen on VN business: JCCI

Political stability, high growth and a quality workforce in Viet Nam are key reasons extending the Japanese investment wave from big corporations to small firms, a Japan Chamber of Commerce and Industry (JCCI) official said yesterday.

Economy

Viêt Nam to support Bulgarian business

Việt Nam will support effective implementation of Bulgarian firms’ long-term projects in the country, Prime Minister Nguyễn Xuân Phúc said yesterday.

Economy

Retailers look to e-commerce firms

More and more retailers in the country are shaking hands with big e-commerce companies in order to widen their businesses while ensuring cost savings.