Tuesday, February 15, 2005

Second Stock Exchange to open

A second stock exchange will open in Vietnam, this one in Hanoi on March 8, the Hanoi Securities Trading Center (HSTC). It will begin by offering shares of state owned companies to private investors. Its director Tran Van Dzung said the center would start receiving orders from investors today. Total trading value on Vietnam’s stock market last year was $1.3 billion, however, according to Agence France Presse, the stock market has failed to take off in a significant way, with "with just 27 companies listed after starting with five." (Asian Banker Journal, Feb. 15, Agence France Presse Feb. 16).

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