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Ho Chi Minh Stock Exchange

Name Ho Chi Minh Stock Exchange
Country Viet Nam
Number of listed companies 344
Domestic market capitalization 116657 million US$
SSE Partner Exchange Yes
Has annual sustainability report Yes

ESG reporting required as a listing rule Yes

Has written guidance on ESG reporting Yes

Offers ESG related training Yes

  • E&S training programme held in 2015. Annual Report details additional trainings held in 2016 for market participants on corporate governance (pg 34).

Market covered by sustainability-related index Yes

  • Sustainability Index (VNSI) launched on 24 July 2017. VNSI measures the performance of the top 20 sustainable listed companies on HOSE. Constituents are selected from the VN100 (100 largest companies on HOSE).

Has sustainability bond listing segment No

  • Working on developing green listings

Has SME listing platform No

Additional information
  • In parallel with the launch of the sustainability index, the HOSE exchange is working on implementing green corporate bond listing
  • HOSE is part of the governmental Vietnam Green Growth Strategy with the support from GIZ (Germany)

 

Organizational model of stock exchange
  • Governmental not for profit

Regulatory bodies

Regulatory model
Government (Statutory) Model

  • The State Securities Commission is an organization under the Ministry of Finance, charged with the functions of the state regulation of securities and securities market, direct regulation and supervision of activities in securities and securities market, management of public services in the fields of securities and securities market in accordance with applicable laws. HoChiMinh Stock Exchange is empowered to issue Regulations on Listing, Trading, Membership, Market Surveillance, etc. for those activities on its marketplace.

About the stock exchange
Location: Ho Chi Minh City, Vietnam

  • In an effort to industrialize and modernize the country, maintain stable economic growth and restructure the economy to enhance its efficiency and competition, Vietnam had needed huge capital for investment. Therefore, a securities market in Vietnam was in urgent demand in order to mobilize mid-term and long-term capital internally, as well as outside the country into economic investment through debt securities and capital securities. In addition, equitization of state-owned enterprises along with establishment and development of securities market would create a more open and healthier business environment.
  • On July 10th 1998, the Prime Minister signed Decree No. 48/1998/ND-CP on stock and securities market and a Decision to set up two securities trading centers at Hanoi and Ho Chi Minh City.
  • On July 20th 2000, the Ho Chi Minh City Securities Trading Center officially became operational and executed the first trading session on July 28th 2000 with 2 types of listing stocks.
  • After 7 years of growing and integrating into the global securities market, the government signed Decision No. 599/QD-TTg on May 11th 2007 to transfer the Ho Chi Minh City Securities Trading Center to Hochiminh Stock Exchange (HOSE). On August 8th 2007, Hochiminh Stock Exchange was officially opened.

 

Ownership of Exchange (Shares >4% only) Share
Vietnam Ministry of Finance 100.00%

Stock Exchange Database Criteria

The SSE maintains a database of sustainability activities for all stock exchanges that are either members of the SSE initiative and/or members of the World Federation of Exchanges. This database is the most comprehensive database of stock exchanges worldwide and contains data on all main stock exchanges. The information in this database is intended to inform investors and other stakeholders on the work stock exchanges are undertaking to advance sustainability in their respective markets.

The information provided in this database is based on publicly available information prepared by the SSE Secretariat with input from stock exchanges in most instances. Sources and explanatory notes on sustainability information have been included in individual Stock Exchange Fact Sheets. The criteria for each category can be found below.

While every effort is made to keep the information in this database up to date, please be aware that certain factors change frequently and therefore may not be exact, such as the number of listed companies or market cap.

Field

Criteria Considered

Conducts business in Country or Market in which the stock exchange operates
Number of listed companies (Date updated) Updated either by the stock exchange directly or using WFE data
Domestic market capitalization  Updated either by the stock exchange directly or using WFE data
Has signed the SSE Commitment Letter? To be considered an SSE Partner Exchange, the CEO or Chairperson of the exchange must sign an SSE commitment letter. Contact the SSE for more information if your exchange would like to join.
Has annual sustainability report? For a yes, stock exchanges must report, either in a stand alone report or integrated into their financial report, on their environmental and social impact and corporate governance.
ESG reporting required as a listing rule? For a yes, all three factors have been considered (environmental, social and governance) within the listing rules for some or all listed companies. This requirement may come from the regulatory authority or the exchange, depending on the market.
Offers written guidance on ESG reporting? For a yes, all three factors have been considered (environmental, social and governance). The SSE has developed a model guidance that all exchanges can use to develop their own guidance to issuers. For more details, click here.
Offers ESG related training? For a yes, training must have taken place in the previous 12 months, and must be interactive. The topic of the training must be on some area of sustainability.
Market covered by sustainability-related index? Sustainability-related indices may include environmental or social  indices, or ESG indices. This could include specific themes, such as low carbon indices, or general sustainability indices. The index must be specific to the market the exchange operates in (a region or world index is not included).
Has sustainability bond listing segment? For a yes, the exchange has developed the rules and regulations allowing for sustainability bonds to be listed, and provides a separate segment for listing making the bonds easy to find and identify.
Has an SME listing platform? For a yes, the exchange offers a listing platform specifically for Small-and-Medium sized enterprises.
Additional Information Additional Information captures exchanges’: sustainability section of websites,  sustainability products not captured under indices; information on future sustainability commitments and other information on the exchange
Organizational model of stock exchange Whether the exchange is listed or not, and when it was demutualized
Regulatory bodies The regulatory authority that sets listing requirements and capital market regulation for the exchange's market
Regulatory model

The extent to which exchanges have regulatory authority in their market. This may include: 

  • Limited exchange SRO
  • Strong exchange SRO
  • Independent member SRO
  • Government (Statutory)
  • Non-SRO
About the stock exchange The location of the headquarters of the exchange, and any additional details about the stock exchange.