The Vietnam stock market is officially called the Stock Trading Center of Vietnam. The exchange can handle 300,00 orders per day through an automated matching order system.
The Vietnam stock market, located in Ho Chi Minh City, began trading July 28, 2000.
The Vietnam stock market opened with only two listings: Refrigeration Electrical Engineering Joint Stock Corporation, and Saigon Cable and Telecommunication Material Joint Stock Company.
Today, 20 issues now trade on the Vietnam stock market. It has a market size equivalent to $239 million.
All Vietnam-issued bonds trade on the Vietnam stock market, and all securities traded there are valued in the Vietnamese Dong.
Trading on the Vietnam stock market is done in two matching sessions between 9:00 a.m. and 11:00 a.m.
The State Securities Commission, formed in 1996, governs the Vietnam stock market. To be listed on the exchange, companies must have shown a profit for at least two years, have at least 50 shareholders who are not company employees and be worth at least the equivalent of $318,000.