Ho Chi Minh City Securities Trading Center

Ho Chi Minh City Stock Exchange (HOSE or HSX), located in Ho Chi Minh City, is the largest in Vietnam. Established in 2000 as the Ho Chi Minh City Securities Trading Center (HoSTC), it is an administrative agency of the State Securities Commission, along with the Hanoi Securities Trading Center. The stock exchange is located at 45-47 Ben Chuong Duong, District 1, Ho Chi Minh City, Vietnam. The current top executive of HSX, with the title of Deputy Chairman, is Mr. Tran Dac Sinh.

On 8 August 2007, HoSTC was renamed and upgraded to the Ho Chi Minh Stock Exchange (HOSE).

On 18 May 2015, the HoSE joined the as part the SSE's regional dialogue in Bangkok hosted by the .

The Ho Chi Minh City Securities Trading Center (HoSTC) located in Ho Chi Minh City, was officially inaugurated on July 20, 2000, and trading commenced on July 28, 2000. Initially, two equity issues were listed, Refrigeration Electrical Engineering Joint Stock Corporation (REE) and Saigon Cable and Telecommunication Material Joint Stock Company (SACOM).

In the beginning, an overall foreign ownership limit of 20% for equities and 40% for bonds was implemented. In July 2003, in a bid to improve liquidity, the government raised the foreign ownership limit for equities to 30% and totally removed the foreign ownership limit of a particular issuer’s bonds. Foreign participants on the Stock Trading Center of Vietnam must register through a custodian licensed to hold securities on behalf of foreigners. Once registered, a securities transaction code is issued to the foreign investor that will permit securities trading.

As of 2006, there are thirteen licensed securities companies. Of these, nine have been licensed to conduct a full range of securities services including underwriting, brokerage, custody, research, portfolio management and . The minimum capital required to operate effectively as an investment bank was VND43b (c. US$2.7m).

At the end of 2006, combined market capitalization of both Ho Chi Minh City Securities Trading Center and Hanoi Securities Trading Center is 14 billion US dollars, or 22.7% GDP of Vietnam.

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