The Ho Chi Minh Stock Exchange on June 22 signed a memorandum of understanding with the Stock Exchange of Thailand to extend their cooperation.
The MoU includes conducting market surveillance and promoting collaborative investment and business opportunities for both exchanges and their listed companies.
The exchanges also plan to promote and facilitate dual listing activities by Thai-Vietnamese joint venture companies and cross-listing of Exchange Traded Funds.
Tran Dac Sinh, HOSE’s President and CEO, said: “The extended MoU enhances the close relationship between the two exchanges and we appreciate SET’s cooperation and assistance to HOSE in the past 10 years. Today, the collaboration between the two exchanges has once again been made deeper and more practical.”
Charamporn Jotikasthira, President of SET, said: “The extension of the MoU for three more years demonstrates both exchanges’ commitment to reinforcing their long-standing relationship. The cooperation envisaged under this extended MoU will cover a wide range of business activities, which will not only benefit the exchanges but also benefit the listed companies and market participants of both exchanges.”
Since 2000 SET has been playing an instrumental role in establishing and maintaining HOSE’s trading system, according to the Thai official.
The signing took place at the two-day 11 th ASEAN Stock Exchange CEOs Conference hosted by the HOSE in Da Lat that opened on June 22.