Update: March, 17/2021 - 14:31 |
The chronic congestion on the Hồ Chí Minh Stock Exchange has caused losses for investors. Ten companies are considering temporarily switching their listing to Hà Nội. VNS Photo Diệp Phan
HCM CITY Ten companies are sounding out shareholders to temporarily switch their listing from the Hồ Chí Minh Stock Exchange to the Hà Nội Stock Exchange since the former’s system is overloaded and smooth trading has become difficult.
They include VNDirect Securities JSC, Bank for Investment and Development of Việt Nam Securities JSC, PAN Group JSC and its seven subsidiaries, Sao Ta Foods JSC, Vietnam National Seed Group JSC, Southern Seed JSC, Aquatex Bến Tre JSC, Bibica JSC, Long An Food Processing Export JSC and Vietnam Fumigation JSC.
Time for a stock market overhaul 09:54 | 16/03/2021
The overload technical issues of the Ho Chi Minh City Stock Exchange have been a subject of controversy over the past few weeks, with the blame being attributed to poor management and incompetence of an age-old technology. But what will be the way out?
Vietnamâs stock exchange operations have barely been modernised over past decades. Photo: Le Toan
A flood of individual investors has led to outages and trading overload issues for the Ho Chi Minh City Stock Exchange (HSX), with service disruptions coming during a period of frenetic trading.
Appetite for a better trading infrastructure has been seriously hampered by repeated problems which have not been addressed over the years. These outages generate inevitable criticism among traders and call into question the stability of the functionâs capacity.