Hanoi Stock Exchange
Hanoi Stock Exchange, formerly the Hanoi Securities Trading Center until 2009, is located at No. 02, Phan Chu Trinh, Hoan Kiem District, Hanoi, Vietnam. The exchange was launched on March 8, 2005, and handles auctions and trading of stocks and bonds. It was the second securities trading center to open in Vietnam after the Ho Chi Minh City Securities Trading Center.
History
Early establishment
The HNX was established through Decision No. 01/2009/QĐ-TTg by the Prime Minister, transforming and restructuring the Hanoi Securities Trading Center, which was originally established under Decision No. 127/1998/QĐ-TTg. The original trading center came into operation on March 8, 2005, and on June 24, 2009, HNX was officially inaugurated as a State-owned single-member limited liability company owned by the Ministry of Finance.Market development
At the end of 2006, the combined market capitalization of both Ho Chi Minh City Securities Trading Center and Hanoi Securities Trading Center was 14 billion USD, representing 22.7% of Vietnam's GDP.On June 24, 2009, HNX officially launched the UPCoM trading floor with 10 listed stocks, designed to facilitate unlisted businesses' participation in the market. As of 2024, UPCoM has grown to include over 500 stock codes.
Recent developments
On May 18, 2015, HNX joined the United Nations Sustainable Stock Exchanges (SSE) initiative as part of the SSE's regional dialogue in Bangkok hosted by the Stock Exchange of Thailand.From 2020, HNX has served primarily as Vietnam's bonds exchange and operates the UPCoM market, while most stock trading was transferred to the HOSE.
On December 23, 2020, the Prime Minister issued Decision No. 37/2020/QD-TTg establishing the Vietnam Stock Exchange. Under this decision, both the Hanoi Stock Exchange and Ho Chi Minh Stock Exchange became subsidiaries with 100% of their charter capital owned by the Vietnam Stock Exchange.