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Deutsche Börse to cooperate with Hochiminh Stock Exchange
Significant step in expanding Deutsche Börse’s activities in Asia
As a first step, the parties have agreed to launch training measures in order to foster the understanding of the financial markets in Vietnam, other Asian regions and Germany. Under the terms of the MoU, the parties will enter into detailed discussions and analyze the business possibilities for example of cross-border trading and listing and creating indices.
"We are very pleased about our partnership with the Hochiminh Stock Exchange. Our agreement marks an important step in further strengthening the already mutually beneficial relations between the German and Vietnamese capital markets", said Reto Francioni, Chief Executive Officer of Deutsche Börse.
"The agreed cooperation between Deutsche Börse and Hochiminh Stock Exchange will foster the friendly ties between the two exchanges which have been established over the past few years," said Nguyen Doan Hung, chairman of the Hochiminh Stock Exchange.
Deutsche Börse Group is currently active in a number of Asian countries. It aims to expand its existing global network and position itself as a partner to market operators in the region.
About the Hochiminh Stock Exchange
The Hochiminh Stock Exchange is the largest stock exchange in Vietnam. It started in 2000 as the Ho Chi Minh City Securities Trading Center with two listed securities. Currently 507 securities are listed, consisting of 138 stocks with total capitalization value of VND 365,000 billion, including the contribution of 6 foreign owned companies, three fund certificates with a volume of 171.4 million units and 366 bond types. In the near future, the number of listed stocks will increase quickly according to the Hochiminh Stock Exchange because the government plans to equitize some big companies and state-owned commercial banks to list on the market.
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