HCM City bourse joins World Federation of Exchanges

October 31, 2013 | 16:54

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Vietnam’s Ho Chi Minh City Stock Exchange (HOSE) became an official member of the World Federation of Exchanges on October 29 during a WFE annual meeting in Mexico City.

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The WFE was established in 1960 and is one of the world’s largest financial service associations with 62 members including stock, futures, and options exchanges around the world. It has 17 affiliate exchanges and 27 correspondents’ organisations.

Vietnam’s stock market is still classified as frontier.

A representative from the HOSE said a number of stock markets in the region use WFE membership as criteria for market evaluation when considering cross-border investment. As such, WFE membership will make the southern bourse very attractive and and is likely to increase the value of HOSE-listed companies and make them more attractive to foreign investors.

The membership will also help the exchange move toward international standards more quickly through shared experience with developed markets.

By By Nguyen Tuong

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