09:04 | 30/09/2016 Finance - Banking
Hanoi will host the third ASEAN Broker Networking event in October, which is expected to lure investment to the country’s stock market.
Delegates at the ASEAN Broker Networking conference 2015 in Bali, Indonesia (Photo: enternews.vn)
The event is under the framework of the 25th Conference of CEOs of ASEAN Stock Exchanges, slated to be held in the city from October 6-10.
The event is expected to create a broader network of ASEAN stock markets and boost investment cooperation. More than 71 pairs of companies have registered for bilateral meetings to discuss cooperation at the event.
The ASEAN Broker Networking event is an initiative under collaboration between trading floors in the region. It is organised alternately among the bloc’s country members to share experience and boost business and investment cooperation.
First held in Thailand in 2011with 62 securities companies participating, the number rose to 116 last year at the event in Bali, Indonesia, including six companies from Vietnam.
Despite global market fluctuations, Vietnam’s stock market has maintained steady growth. The VN-Index recently hit an eight-year peak with a surge in liquidity while market capitalisation has also hit a record high in the past six years.
Nguyen Van Dung, Deputy Director General of Hanoi Stock Exchange (HNX) said experience learnt from securities firms in ASEAN is crucial, helping domestic firms integrate with the region’s stock market.
According to HNX, the organiser, as of September 23, 28 securities companies in ASEAN and 42 local companies and 133 delegates registered to participate in the event./.