Despite an announcement last year by the country's Ministry of Finance that Vietnam’s two stock exchanges – one in Hanoi and one in Ho Chi Minh City – would merge by the end of 2015, they have yet to do so. Any merger has the potential not only to attract more foreign investors, but also to increase transparency.
So the recent agreement between them to create a common index, expected to be launched by the end of 2016, can only be considered a good sign and that things might actually starting to move. It will be interesting to see, though, just now long the whole process takes.
Ho Chi Minh Stock Exchange – Listed Value (VND bn)
Source: Ho Chi Minh Stock Exchange
About the Author:
Thomas Butcher is an independent writer, researcher and consultant focusing, amongst other things, on strategic materials, in particular metals. With 37 years of experience in the financial world, he has lectured and spoken at conferences around the world. Amongst other things, he writes the «Letter from North America» in the Minor Metals Trade Association's bi-monthly publication The Crucible, and was lead author of the chapter on gallium (used in semiconductors) in the British Geological Survey's Critical Metals Handbook.
The article above is an opinion of the author and does not necessarily reflect the opinion of MV Index Solutions or its affiliates.