At the Ministry of Finance press conference on 6/10, Deputy Chairman of the State Securities Commission (SSC) Hoang Van Thu stated that the agency is studying adjustments to trading hours and methods.
According to him, improving organizational and trading mechanisms aims to enhance operational efficiency, transparency, and convenience for investors. The options under consideration include: midday trading, widening price fluctuation limits, and eliminating some periodic trading and order matching sessions.
"The priority requirement when developing policies is to ensure system safety, smooth transactions, and market stability", Thu stated.
The commission is requiring stock exchanges to assess the impact. After that, the regulatory agency will develop suitable plans according to a roadmap and announce them, allowing market participants sufficient time to prepare and transition. The regulatory agency has not yet specified the exact timing for implementing these changes.
 |
Deputy Chairman of the State Securities Commission Hoang Van Thu speaking at the press conference. *Photo: VGP*.
Elaborating on the matter, Deputy Minister Nguyen Duc Chi believes that new policies must stem from actual needs and align with the stock market development strategy. The regulatory agency needs to clearly define requirements for trading limits, shorten settlement times, and move towards T+0 trading to refine the mechanism.
According to him, when policies are deemed appropriate, the regulatory agency and market operators must proactively prepare infrastructure, technical systems, and implementation conditions, ensuring safe and stable operation.
"These policies must aim for market development", the Deputy Minister observed.
Regarding the transfer of all stocks currently listed on the Hanoi Stock Exchange (HNX) to the Ho Chi Minh City Stock Exchange (HOSE), Thu stated this is part of the market's commodity portfolio restructuring program.
The State Securities Commission is coordinating with exchanges to carry out related tasks, including testing payment, clearing, and market data systems. Current results are quite favorable, with testing scenarios being implemented as planned.
According to the projected roadmap, the transfer of listed stocks from HNX to HOSE is expected to be completed in 2026. The specific timeline will be determined based on impact assessments and testing results, ensuring a safe and smooth transition.
Concurrently, the regulatory agency is studying the classification of stock boards based on group characteristics and investor needs. The plan is based on four main criteria: charter capital size, foreign investor accessibility, free-float ratio, and stock status.
Specifically, statuses such as warnings, controls, restrictions, temporary suspensions, or trading halts are considered to assess the compliance level of market-participating enterprises.
Phuong Dung
