Ho Chi Minh Stock Exchange extends MoU with Thai counterpart

11/09/2007 -- 12:39 PM

Bangkok (VNA) - The Ho Chi Minh Stock Exchange (HOSE) and the Stock Exchange of Thailand (SET) have agreed to extend the terms of their previous memorandum of understanding (MoU) for another three years and expand its collaboration. The new agreement identifies cooperation between the two stock exchanges in the areas of information technology (IT) development, trading system maintenance, dual listing of Thai-Viet Nam joint ventures and the development of capital market education in Viet Nam. SET President Patareeya Benjapolchai said that SET has placed a high priority on creating alliances and enhancing linkages, because increased collaboration and mutual development will strengthen ASEAN regional capital markets and economies. Meanwhile, HOSE President Tran Dac Sinh said SET’s IT assistance is important for the development of HOSE and will help Vietnamese companies wishing to list on foreign exchanges, including the Thai bourse. “SET is able to offer Viet Nam considerable experience in capital market education and investor base expansion programmes,” Sinh said. The Thai exchange has been providing IT assistance to HOSE, the upgraded version of the Ho Chi Minh City Securities Trading Centre (HoSTC), since 2000. The Vietnamese bourse has successfully developed an automatic order matching system, which has been operational since July 2007.-Enditem
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