(VEN) - The Hanoi Securities Exchange (HNX) celebrated its 5th anniversary and received a high-profile banner from Prime Minister Nguyen Tan Dung on March 9 in Hanoi.
After seven years in preparation and five years in operation, HNX has organized 171 share auction sessions selling 925 million shares worth VND27 trillion. In particular, the HNX has launched share auction sessions for more than 100 State-owned businesses that were required to transform into joint stock businesses. These include big names such as the Pha Lai Thermo-electric Plant, the PetroVietnam Insurance Corporation, the Vietnam Construction Import-Export Corporation (Vinaconex) and the Bao Viet Insurance Corporation.
Finance Minister Vu Van Ninh told the anniversary meeting that despite only being in operation for five years, the HNX had successfully set up primary and secondary markets for shares and bonds. It has also step by step renewed technology and integrated into the regional and world capital markets.
HNX general director Tran Van Dung said that in the time being HNX will develop strategies for products, information technology and business management, strengthen management after listing and renew the transaction system in the UPCoM market to increase liquidity and foster the development of this potential market./.
Minh Ky
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