16:42 | 27/12/2016 Companies
(VEN) - The Hochiminh Stock Exchange (HOSE) marked their 16 years of establishment in 2016. As a pioneer, HOSE has made greater efforts to complete the tasks as well as created a strong impression such as increasing scale and liquidity on the securities market.
In particular, many technical solutions and new products have been introduced in accordance with international practices such as HOSE-Index Series, Sector Indices on GICS basis of MSCI and Covered Warrants.
HOSE has played an important role in the restructuring process of state-owned enterprises and facilitating both domestic and foreign investors to have more effective investment channels. Moreover, HOSE’s efforts have significantly contributed to changing community awareness in terms of financial education and corporate governance.
The year 2016 also marked the first year of the implementation of the Strategy for Development of Vietnam’s Securities Market until 2020. As part of the industry, HOSE committed to continue pursuing their core values including improving service quality and diversifying products to meet the needs of the market in order to help the securities market become an effective and long-term capital raising channel for economic development as well as building the investor confidence.
In the coming time, HOSE will consolidate sustainable development of the Vietnamese securities market and narrow the gap with regional stock exchanges, while striving to reach total market capitalization of more than 60 percent of gross domestic product.
Under the close guidance of the Government, the Ministry of Finance, the State Securities Commission of Vietnam and the Ho Chi Minh City People’s Committee together with supports provided by Ministries and Departments, the Vietnamese securities market will continue flourishing and reach higher standards in the coming years.