The Taiwan Stock Exchange (TWSE, 台灣證交所) and the Hanoi Stock Exchange (HNX) signed a memorandum of understanding (MOU) yesterday to facilitate cooperation through market information exchanges.
Under the agreement, investors in Taiwan and Vietnam will be able to share details on market regulations and trading information, the stock regulator said in a statement.
Participants in both markets are expected to explore commercial opportunities through the new communication channel that will be established now that the agreement has been signed, the statement said.
The MOU was signed by TWSE chairman Schive Chi (薛琦) and HNX CEO Tran Van Dzung in Hanoi.
The Hanoi market is the second largest stock exchange in Vietnam after the Ho Chi Minh City Stock Exchange.
At the MOU signing ceremony, Schive said the Taiwan and Ho Chi Minh exchanges, which signed a similar MOU in 2008, have established a good partnership and he expected the agreement with the Hanoi bourse to create close ties “that will further boost the internationalization of Taiwan’s and Vietnam’s capital markets.”
As of June 21, a total of 884 listed securities on the HNX had a market value of US$11.58 billion. The HNX is also the primary platform for government bond offerings, according to the TWSE.
Schive said his company’s efforts to push for the internationalization of Taiwan’s capital markets have gone beyond the signing of an MOU with its foreign counterparts.
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