Hanoi Stock Exchange (HNX) is a stock exchange based in Hanoi, Vietnam. The acronym or abbreviation for this market is HNX. This page contains information on the trading hours, market holidays, contact information and more.
Hanoi Stock Exchange is located in the country of Vietnam.
Stock exchanges near Hanoi Stock Exchange include the following markets: Shenzhen Stock Exchange, Hong Kong Stock Exchange, Stock Exchange of Thailand, Hochiminh Stock Exchange & Chittagong Stock Exchange.
The main currency of Hanoi Stock Exchange is VND. It's symbol is ₫.
Hanoi Stock Exchange: A Comprehensive Overview
The Hanoi Stock Exchange (HNX) is one of the two main stock exchanges in Vietnam, along with the Ho Chi Minh City Stock Exchange (HSX). Established in 2005, HNX serves as a principal platform for trading shares, bonds, and other securities among investors. It is an essential marketplace for businesses and individuals who seek investment opportunities in Vietnam's vibrant and promising economy.
History of Hanoi Stock Exchange
HNX was initially set up as the Hanoi Securities Trading Center in 2003 under the decision of the Ministry of Finance. The State Securities Commission of Vietnam later designated it as the official stock exchange for the northern region of the country. The first transaction at HNX was recorded on March 10, 2005, and since then, the exchange has grown significantly.
The stock exchange has undergone several reforms and improvements over the years. In 2009, it was renamed as the Hanoi Stock Exchange, and in 2010, a new trading system called HNX-Index was introduced. The HNX-Index is a market capitalization-weighted index that measures the performance of the top 10% companies listed on HNX based on market capitalization.
Hanoi Stock Exchange Today
Today, HNX is a fully-fledged financial institution that offers a range of services, including securities issuance, trading, and settlement, listing, securities depository, and information dissemination. The exchange has about 380 listed companies with a total market capitalization of approximately USD 13 billion.
The stocks listed in HNX cover a broad range of sectors, including banking, energy, construction, and manufacturing, among others. HNX also operates two separate market segments, the HNX Mainboard and the HNX UPCOM. The HNX Mainboard is for established and financially stable companies with transparent financial records and considers the criteria in terms of revenue, profit, and years of operation for the listing. On the other hand, the HNX UPCOM aims to support startups and SMEs that might not meet the requirements for the HNX Mainboard.
In conclusion, Hanoi Stock Exchange has emerged as an essential marketplace for businesses and investors seeking opportunities in Vietnam. The growth of HNX has been tremendous since its establishment in 2005, and the stock exchange has played a significant role in the development of the country's capital market. With HNX's continuous efforts to provide a transparent and efficient trading platform, the future of the stock exchange looks promising.
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