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ARTICLE · 18 NOVEMBER 2019

Preparing For Going Public In Vietnam

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When the final bell tolls on a typical business day for the two main bourses in Vietnam in 2019 – the Ho Chi Minh City Stock Exchange (HSX) and the Hanoi Stock Exchange...

VietnamFinance and Banking
David Harrison
David Harrison
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When the final bell tolls on a typical business day for the two main bourses in Vietnam in 2019 – the Ho Chi Minh City Stock Exchange (HSX) and the Hanoi Stock Exchange (HNX) – about $122.6 million on the HSX and $14.6 million on the HNX will have changed hands in trading with foreign investors playing a major role as buyers and sellers.

Indeed, Vietnam's securities markets have come a long way since World Trade Organization accession in 2007 – or have they?

To date, only a handful of companies in which foreign investors hold 51 per cent or more of its charter capital, or subsidiaries of such entities, have successfully listed on the HSX or HNX as there is no clear path for them to do so.

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