HoSE to help foreign investors

VNS/VNA/VOV

In 2019, the southern Ho Chi Minh Stock Exchange (HoSE) will work on a special mechanism that allows foreign investors to trade shares of companies that have run out of room for foreign ownership, especially investors from Thailand, Malaysia and Japan.

The southern bourse will work with the State Securities Commission (SSC) to review and prepare for the launch of covered warrants, monitor the trading of the new products and improve trading conditions.

In addition, the HoSE will research and develop new indices that underlie other derivatives products, and improve the quality and transparency of corporate reports and information disclosure.

The HCM City market regulator will continue carrying out and completing the corporate sustainable development index, help listed firms apply international standards in corporate governance, and encourage companies to disclose their information in both Vietnamese and English.

In 2019, HoSE targets more than VND 1 trillion in total revenue and VND 650.3 billion in pre-tax profit, and pays VND 476.3 billion to the State budget.