Under the memorandum of understanding, Bursa Malaysia and the Hanoi Securities Trading Center have agreed on the followings:.
- Exchange experiences, information and technical knowledge to promote and strengthen the development of their respective securities and derivatives markets;
- Develop market infrastructures aiming at creating potential growth for both markets;
- Cooperate for the markets development and the dissemination of information of the both markets;
- Exchange the market surveillance information for the sake of mutual interests and share the information of financial instruments;
- Cooperate to improve market liquidity as well as offer the benefits of capital market investments to eligible sections, as wide as possible, of the communities in both countries;
- Explore the possibilities of strategic alliances between both markets, which may include cooperation in cross-listing and cross trading in the future; and
- Design and implement education and training programs for staffs and market participants from both exchanges.
Mr. Tran Van Dung, Managing Director of the Hanoi Securities Trading Center, said, “The signing of this memorandum of understanding with Bursa Malaysia is an important step in the long term development of the Hanoi Securities Trading Center and the Vietnamese economy. We look forward to the development of our already fruitful relationship with Bursa Malaysia.”
Bursa Malaysia and the State Securities Commission of Vietnam co-hosted a seminar today showcasing the benefits of cross-regional listings to a number of Vietnam’s largest listed companies, government officials and the investment community in Hanoi.
Said Mr. Yusli Mohamed Yusoff, “Bursa Malaysia also offers a liberalized financial market for cross border listing. In order to give Vietnamese based companies the opportunity to benefit from a cost-attractive listing destination which offers quality investor reach, we will waive listing fees for the first 10 Vietnamese companies to be listed on Bursa Malaysia. In addition, these 10 companies will be included at no cost in our CMDF- Bursa Research Scheme where independent reports prepared by globally recognized research houses are made available for free on the Bursa Malaysia website and are accessed and analysed by a substantial number of foreign retail and institutional investors.”
Mr. Yusli continued, “We are geared to make Bursa Malaysia an attractive listing destination for regional companies looking to expand their businesses internationally as we currently have one of the lowest listing fees in the region. With a diversified market of over 1,000 companies listed on our exchange, coupled with our plans to put in place attractive platforms to position ourselves as a conduit to Middle Eastern funds moving forward, all these measures will make Bursa Malaysia an attractive proposition for regional companies. I look forward to our exchange being of mutual benefit to the growth and development of both our economies.
