The Vietnam Stock Exchange recently announced the timeline for transferring listed stocks from the Hanoi Stock Exchange (HNX) to the Ho Chi Minh City Stock Exchange (HoSE), part of a market restructuring roadmap.
Specifically, 23/12 marks the final trading day for all stocks listed on HNX. Stocks designated for transfer will halt trading for two days, 24/12 and 25/12. During this period, trading on HoSE and other markets at HNX will continue as usual. On 28/12, these transferred stocks will commence their first trading session on HoSE.
This change affects the trading venue and does not directly impact stocks held by investors. Nevertheless, the Vietnam Stock Exchange urges listed companies, market members, and investors to prepare proactively and coordinate with both stock exchanges to facilitate the transfer process.
According to HNX data, 299 stocks are currently listed on its exchange. The industrial sector accounts for the largest number of listed companies with 91, followed by construction with 42, and trade and services with 34.
Stocks listed on HNX currently have a price fluctuation limit of +/- 10% per session, while on HoSE, it is +/- 7%. Market regulators have not yet disclosed the plan for adjusting these price limits after the transfer date.
The transfer of all stocks aims to clearly define the functions and responsibilities of the two stock exchanges. HoSE will organize trading for stocks, fund certificates, and covered warrants. Meanwhile, HNX will focus on bonds, derivatives, unlisted stocks, and carbon credits.
The Vietnam Stock Exchange operates as a one-member limited liability company, 100% owned by the State. Its charter capital as of the end of June was 3,000 billion VND. This organization directly manages the operations and consolidates the business data of its two member entities: HNX and HoSE.
Phuong Dong
