Representatives of HCM City and Ha Noi stock exchanges and the Viet Nam Securities Depository sign an MoU to strengthen co-operation last week. -- Photo thoibaotaichinhvietnam.vn

HCM CITY (Biz Hub) — HCM City and Ha Noi stock exchanges and the Viet Nam Securities Depository will strengthen co-operation to achieve strategic goals for the domestic stock market over the next five years.

Officials from the three parties signed a memorandum of understanding in HCM City last week.

The exchanges and the Depository will share information related to the market, enterprises and investors, and jointly develop new products and sets of indices.

The aim is to provide more secure operations for the local markets, in line with international benchmarks.

State Securities Commission chairman Vu Bang said the collaboration will help market operators improve services, which will help enterprises and other market members operate more efficiently.

This will create a better environment for investors, improve public confidence in the markets and sustain development, he said.

Late last week, officials from HCM City and the Ha Noi exchanges also introduced VNX Allshare, a joint index to cover stock developments on both bourses. It is scheduled to be launched on October 24 and will begin at 1,000 points. — VNS