Prime Minister Nguyen Xuan Phuc has signed a decision on establishment of the Viet Nam Exchange (VNX) on the basis of rearrangement of the Ha Noi Stock Exchange (HNX) and Ho Chi Minh Stock Exchange (HOSE).
The VNX will be headquartered in Hanoi and operate as a one-member limited liability company wholly owned by the State. The Ministry of Finance will be the representative of the State capital ownership.
The HNX and the HOSE shall become the subsidiaries with 100% of capital invested by the VNX.
Under the decision, the VNX shall be responsible for developing and issuing regulations on stock listing and transactions and monitoring the stock market.
Reported by @Dtinews
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Source: Vietnam Insider