Overview
Hochiminh Stock Exchange (HOSE) is a stock exchange based in Hochiminh, Vietnam. The acronym or abbreviation for this market is HOSE. This page contains information on the trading hours, market holidays, contact information and more.
Geography
Hochiminh Stock Exchange is located in the country of Vietnam.
Stock exchanges near Hochiminh Stock Exchange include the following markets: Stock Exchange of Thailand, Bursa Malaysia, Singapore Exchange, Hanoi Stock Exchange & Hong Kong Stock Exchange.
Official currency
The main currency of Hochiminh Stock Exchange is VND. It's symbol is ₫.
Hochiminh Stock Exchange: A Beacon of Vietnam's Economic Development
In the midst of Vietnam's bustling metropolis, stands the Hochiminh Stock Exchange (HOSE), a financial institution that has played a vital role in shaping the country's economic landscape. As a thesis writer in a renowned university of economics, I feel privileged to explore and learn about the history, operation, and achievements of HOSE.
General Information
HOSE is the largest stock exchange in Vietnam, valued at over VND 4,300 trillion ($186 billion USD) as of 2021. It is located in the heart of Hochiminh City, Vietnam's southern economic center. As per the exchange statistics, it currently lists more than 380 companies, with a market capitalization of over VND 6,600 trillion or approximately 1/3rd of the country's GDP.
History of Hochiminh Stock Exchange
HOSE has a rich history that dates back to 2000 when the Ho Chi Minh City Securities Trading Center (HSTC) was established. In 2005, HSTC transformed into the Hochiminh Stock Exchange and became the first bourse in the country to operate under the Law on Securities that was enacted in 2007. Since then, it has gone through multiple phases of modernization, incorporating the latest technology and infrastructure to facilitate efficient trading sessions.
Hochiminh Stock Exchange Today
HOSE has emerged as a benchmark of Vietnam's economic growth and liberalization, bringing together domestic and foreign investors to create a dynamic and transparent market. The exchange operates from Monday to Friday, from 9:00 am to 3:00 pm, and ensures real-time price discovery, providing investors with actionable insights and opportunities.
HOSE has implemented several initiatives to boost transparency, liquidity, and investor protection, such as online trading, securities lending and borrowing, and a data dissemination system. Moreover, companies listed on HOSE need to comply with stringent rules and regulations, ensuring that investors have access to accurate and timely information.
One of the most significant moments in HOSE's recent history is the inclusion of Vietnam in the MSCI Emerging Market Index in 2018. This has resulted in increased foreign investment in Vietnam, which has been the driving force behind the country's fast-paced economic growth.
Summary
In conclusion, the Hochiminh Stock Exchange is a prominent financial institution in Vietnam, that has played a crucial role in the country's economic transformation. It has embraced technology, innovation, and international best practices to bring a transparent and secure marketplace for investors to trade shares and companies to raise funds. The exchange's future looks bright, and with increasing investor interest and favorable government policies, it is poised to remain a beacon of Vietnam's economic development.
About us
OpenMarket is a comprehensive online platform that aims to provide investors with accurate information regarding the opening hours of stock markets across the globe. Our goal is to help investors make informed decisions about their investments by providing them with up-to-date information about when markets are open and closed.