SET and HNX signed a MoU to establish cooperation framework for long term development and mutual benefits

SET and HNX signed a MoU to establish cooperation framework for long term development and mutual benefits

January 22, 2010, Vietnam and Thailand - The Hanoi Stock Exchange (HNX) and the Stock Exchange of Thailand (SET) today announced that they have signed a Memorandum of Understanding (MoU), which will promote    cooperation for long term development and mutual benefits for the two exchanges as well as market participants.

Under the Memorandum of Understanding (MoU), HNX and SET aim to strengthen and increase collaborative ties in areas relating to the information exchange, training and development, as well as promotion of business and investment opportunities for their respective market participants, notably through networking mechanism and business matching activities. The mechanism and activities designed to increase business services and values for the listed companies. The two exchanges also plan to promote the dual-listing activities, once the laws and regulations of their respective markets permit. 

Mr. Tran Van Dzung, President of HNX, addressed “

 

Ms. Patareeya Benjapolchai, President of SET, stated “I strongly believe that under this collaborative framework, fruitful and long term development and engagement for both exchanges will be achieved. Already, Vietnam and Thailand enjoy very close trading and investment ties. The stronger cooperation and relationships will further provide both business and investment opportunities not only for the exchanges but also for all market participants.”

According to the recent survey conducted by the SET, 43 percent of the responding listed companies indicated that they have either preferences or interests in investing in Vietnam. For those have not yet invested in Vietnam, they are in the process of conducting and exploring investment and business expansion opportunities in Vietnam. Business matching and networking activities earmarked under the MoU are thus advantageous to the robust interests and preferences.           

 

The MoU is signed today for a period of five years.