VIETNAM STOCK MARKET STUDENT NAME: TRAN MINH HUONG STUDENT ID: MA0N0213

Introduction VST was launched on July 28th 2000 Including 2 center ▫Hanoi Securities Trading Center (HASTC) : VN-INDEX ▫Ho Chi Minh City Stock Trading Centre (HSTC): HNX- INDEX

Organisation and operation •The State Securities Commission (SSC) SSC is the highest executive body belonging to the government responsible for supervising the securities market. Ho Chi Minh Stock Exchange (HOSE): organizing, operating and regulating securities trading activities Hanoi Securities Trading Center (HASTC): same function with HOSE but location in Hanoi Vietnam Securities Depository (VSD): increase the market performance in general, and the clearing and settlement system in particular • Securities Companies: organized in the form of limited liability companies or shareholdingcompanies

Listing Requirements • Legality: Applicants must be a shareholding company, Joint Stock Company. • Capital adequacy: a charter capital amount of no less than 80 billion VND. ~ four million us dollar • Profitability: a positive after-tax profit for the last two consecutive years prior to the time of application • Capital structure: At least twenty percent of the equity of a company must be held by at least one hundred shareholders

VNI-INDEX ( )

1. Giai đ o ạ n : The period marked the start-up of the securities market. At that time, have only 2 company join stock market. The securities market remained small in The highest index in this period only 300 and lowest 130

2. Giai đ o ạ n 2006 : Securities trading companies and securities investors rose significantly in number in this period. From 02 company of last period, in 2006 have listed company. Highest Index is 800

3. Giai đ o ạ n 2007: (phenomenal growth) Highest index 1170 points However, end of 2007, facing bad implications of the global economic recession VNIndex drop around 900 point. Stock transactions was decreased with limited volume.

4. Giai đ o ạ n 2008: Because influence of global economic recession, VSM get big drop and VNindex in this period around 400 many already-listed companies canceled plans to issue additional shares

– nay : in the first months of 2009 to the deepest low in the last four years, reaching The stock market has recovered with the Government’s demand stimulus package. VN- Index increase 14%. Until now, The VN Index has increased continuously and stable development

Number of securities company

Number of listed company

Foreign investors Foreign investors can buy or sell shares securities companies. Each investor can not hold more than 10% Foreign investors can hold maximum 49% Foreign investors are required to register through a licensed custodian who holds securities on behalf Trading currency : Vietnam Dong (VND) End 2011, have 567 foreign investors account