Difference between revisions of "Ho Chi Minh Stock Exchange"

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{{Infobox_Company <!-- Feel free to remove comments like this when you add real info -->
__NOTOC__
| company_name = Ho Chi Minh Stock Exchange  
{{Infobox_Company
| company_logo =   <!-- use the syntax: [[Image:imgname.jpg]] for this, or leave it blank -->
| company_name = HoChiMinh Stock Exchange (HSX)
| key_people =     <!-- CEO, President, etc, don't need to list everybody -->
| company_logo = [[Image:HSX.gif]]
| foundation =     2000 <!-- Year founded -->
| key_people = Chairman Nguyen Doan Hung, CEO and Deputy Chairman Tran Dac Sinh
| location =       Ho Chi Minh City, Vietnam <!-- Headquarters city, state, country -->
| foundation = 2000  
| employees =      <!-- Approx number of employees -->
| location = Ho Chi Minh City, Vietnam  
| products =       securities market <!-- Quick list of types of things company does or produces -->
| products = VN Index
| homepage=       <!-- No web site?  Just leave this line blank -->
| homepage = http://www.hsx.vn/hsx_en/Default.aspx
}}
}}
The HoChiMinh Stock Exchange (HSX), Vietnam's major [[securities]] trading [[exchange]], started in 2000 as nominally communist Vietnam's first public market for trading listed [[stocks]] but was converted to the HSX in 2007 and now trades stocks, bonds and listed funds. HSX's growth shrank with the global [[credit crisis]] in 2008 after several years of strong performances but growth is expected to recover in 2009.


The Ho Chi Minh Stock Exchange (HOSE) was established in 2000 and operates the biggest securities market in Vietnam. HOSE is an administrative agency of the State Securities Commission and is owned and regulated by Ministry of Finance of Vietnam. Since August 2007, HOSE operates as a Limited Company in order to better meet local market needs.
== Background ==


<!-- Put a quick one to two paragraph intro here about the company and what it does -->
The state-owned HSX, operated as a listed Vietnamese corporation, was officially created in May 2007 from the former Ho Chi Minh City Securities Trading Center (HoSTC) that was itself formed in 2000 with just two listed equities. The original governmental decree to create a stock exchange in Vietnam had been signed just two years earlier.<ref>{{cite web|url=http://www.hsx.vn/hsx_en/Modules/Gioithieu/Gioithieu.aspx|name=HOCHIMINH STOCK EXCHANGE|org=HSX|date=March 16, 2009}}</ref> Currently the HSX trades 248 [[listed]] securities including 176 share listings, 68 [[bond]]s and four investment funds, all denominated in [[Vietnamese dong]], with a total listed value of approximately $4.5 billion as of mid-March 2009.<ref>{{cite web|url=http://www.hsx.vn/hsx_en/Default.aspx|name=CURRENT LISTING SCALE|org=HSX|date=March 16, 2009}}</ref>


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HSX is regulated by the [[State Securities Commission of Vietnam]] (SSCV), an autonomous arm of the Vietnamese government's Ministry of Finance. In August 2008, just before the global financial meltdown began, the SSCV widened its stock-trading bands on the HSX from the previous +/- 3% to +/- 5% for the fourth time that year, each time in reponse to market improvements, the SSCV stated.<ref>{{cite web|url=http://english.peopledaily.com.cn/90001/90778/90858/90863/6476189.html|name=Vietnam to widen stock trading bands next Monday|org=People's Daily|date=March 16, 2009}}</ref>
    if needed.  They are there to get you started, and to remind you to USE section headers!
    And yes, take this comment out too when you write your article.


    Need to use references?  Use the following line to copy/paste in where needed, and fill out:
Unlike its counterpart, the smaller-cap [[Hanoi Securities Trading Center]] (HaSTC), the HSX lists mostly larger firms with a record of growth and profitability.<ref>{{cite web|url=http://chinese-school.netfirms.com/abacus-stocks-Vietnam-stock-exchange.html|name=Vietnam Stock Exchange|org=Abacus|date=March 16, 2009}}</ref> The HSX's [[VN Index]] serves as a [[benchmark]] for the overall performance of Vietnam's blue-chip equities market. Trades are settled through the Bank of Investment and Development of Vietnam (BIDV), a state-owned commercial bank, although some foreign-owned banks including [[HSBC]] and [[Deutsche Bank]] are licensed to offer [[custody]] services.
    <ref>{{cite web|url=|name=|org=|date=}}</ref>
    url=web url; name=title of page/article; org=Name of organization who owns page; date=today's date-->


== History ==
== Key people ==
{{Infobox Midpage Need Sponsor}}


== Products and Services ==
Nguyen Doan Hung is chairman of HSX's 5-person board of directors and is also deputy chairman of the SSCV.<ref>{{cite web|url=http://www.hsx.vn/hsx_en/Modules/Gioithieu/Tochuc.aspx|name=BOARD OF DIRECTORS|org=HSX|date=March 16, 2009}}</ref> In the second capacity, Hung gave media interviews in 2008 and 2007 in which he first nominated a national growth-rate target of 9% and then repudiated the figure.<ref>{{cite web|url=http://www.chinapost.com.tw/business/asia/vietnam/2008/03/22/148342/Vietnam-may.htm|name=Vietnam may not reach 9% growth target|org=China Post|date=March 16, 2009}}</ref> HSX Deputy Chairman Truong Hung Long is also the CEO of HSX.


== Key People ==
== Latest news ==
 
The HSX is expected to recover from 2008's hosing with the VN Index rising by more than 17% in 2009, investment bank [[HSBC]] wrote in late February, adding that Vietnam is expected to record Asia's third-highest GDP growth rate behind China and India.<ref>{{cite web|url=http://74.53.24.87/news/articles/stock_market/111258566.shtml|name=VN Index forecasted to increase by 17.6% by end of the year: says HSBC|org=IntellAsia|date=March 16, 2009}}</ref> That would be a change from the previous year, when the VN Index lost two-thirds of its value and market capitalization of the HSX dropped from US$21.69 billion to US$9.84 billion.<ref>{{cite web|url=http://vietnamholding.com/cms/images/filePdf/news/Investor%20Update/VNHInvestor%20Report%20-%20Dec%202008.pdf|name=Investor Report December 2008|org=Vietnam Holding|date=March 19, 2009}}</ref>


== References ==
== References ==
<references />
<references />
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Latest revision as of 17:34, 19 December 2013


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HoChiMinh Stock Exchange (HSX)
HSX.gif
Founded 2000
Headquarters Ho Chi Minh City, Vietnam
Key People Chairman Nguyen Doan Hung, CEO and Deputy Chairman Tran Dac Sinh
Products VN Index
Website http://www.hsx.vn/hsx_en/Default.aspx

The HoChiMinh Stock Exchange (HSX), Vietnam's major securities trading exchange, started in 2000 as nominally communist Vietnam's first public market for trading listed stocks but was converted to the HSX in 2007 and now trades stocks, bonds and listed funds. HSX's growth shrank with the global credit crisis in 2008 after several years of strong performances but growth is expected to recover in 2009.

Background[edit]

The state-owned HSX, operated as a listed Vietnamese corporation, was officially created in May 2007 from the former Ho Chi Minh City Securities Trading Center (HoSTC) that was itself formed in 2000 with just two listed equities. The original governmental decree to create a stock exchange in Vietnam had been signed just two years earlier.[1] Currently the HSX trades 248 listed securities including 176 share listings, 68 bonds and four investment funds, all denominated in Vietnamese dong, with a total listed value of approximately $4.5 billion as of mid-March 2009.[2]

HSX is regulated by the State Securities Commission of Vietnam (SSCV), an autonomous arm of the Vietnamese government's Ministry of Finance. In August 2008, just before the global financial meltdown began, the SSCV widened its stock-trading bands on the HSX from the previous +/- 3% to +/- 5% for the fourth time that year, each time in reponse to market improvements, the SSCV stated.[3]

Unlike its counterpart, the smaller-cap Hanoi Securities Trading Center (HaSTC), the HSX lists mostly larger firms with a record of growth and profitability.[4] The HSX's VN Index serves as a benchmark for the overall performance of Vietnam's blue-chip equities market. Trades are settled through the Bank of Investment and Development of Vietnam (BIDV), a state-owned commercial bank, although some foreign-owned banks including HSBC and Deutsche Bank are licensed to offer custody services.

Key people[edit]

Nguyen Doan Hung is chairman of HSX's 5-person board of directors and is also deputy chairman of the SSCV.[5] In the second capacity, Hung gave media interviews in 2008 and 2007 in which he first nominated a national growth-rate target of 9% and then repudiated the figure.[6] HSX Deputy Chairman Truong Hung Long is also the CEO of HSX.

Latest news[edit]

The HSX is expected to recover from 2008's hosing with the VN Index rising by more than 17% in 2009, investment bank HSBC wrote in late February, adding that Vietnam is expected to record Asia's third-highest GDP growth rate behind China and India.[7] That would be a change from the previous year, when the VN Index lost two-thirds of its value and market capitalization of the HSX dropped from US$21.69 billion to US$9.84 billion.[8]

References[edit]