Wednesday, July 18 2018

VietNamNews

HNX, MOEX to cooperate in capital market development

Update: April, 12/2018 - 18:10
Deputy Chairwoman of the HNX Board of Management Nguyễn Thị Hoàng Lan (left) shakes hand with MOEX Chairman of the Executive Board and CEO Alexander Afanasiev after signing the MoU. — Photo courtesy of Hanoi Stock Exchange
Viet Nam News

HÀ NỘI — The Hanoi Stock Exchange (HNX) and the Moscow Exchange (MOEX) signed a memorandum of understanding (MoU) on April 10 to cooperate in capital market development.

The signing took place within the framework of the 22nd Capital Market Development Forum in Moscow, which drew the participation of some 1,000 delegates from government agencies, ministries, enterprises and international investment funds.

Speaking at the signing ceremony, MOEX Chairman of the Executive Board and CEO Alexander Afanasiev said that over the past 18 years, the securities market has contributed to the development of Việt Nam — one of the fastest-growing and most vibrant economies in Asia-Pacific.

He said the MOEX plans to expand ties with emerging and dynamic markets in Asia.

He said the MoU would open up new opportunities for Russian investors and offer Việt Nam an insight into the Russian securities market and stock exchange model.

Deputy Chairwoman of the HNX Board of Management Nguyễn Thị Hoàng Lan said the MoU will play a role as a bridge for market members and investors in the two countries to seek investment opportunities.

She lauded MOEX as not only a large-scale securities bourse but also a hub of great ideas to run Russia’s securities market and economy.

She said through the MoU, Việt Nam will learn about MOX’s experience in developing investment funds, securities and debt products, transaction and monitoring system, and corporate governance.

According to the World Federation of Exchanges and Bloomberg, MOEX is the world’s second largest bond market, the fifth largest derivative market, the 13th largest stock market, in terms of capitalisation, and ranks among 25 markets globally in total volume of equities traded.

Following the signing ceremony, both sides held a working session to discuss specific cooperation programmes and share experience in operating stock, bond, derivatives and goods markets. — VNS

 

 

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