Singapore Exchange Limited (SGX) and the Hanoi Securities Trading Center (HASTC) today announced the signing of a Memorandum of Understanding (MOU) to foster mutual co-operation between both capital markets.
The MOU signing ceremony was held in Hanoi, Vietnam in conjunction with the launch of the Vietnam-Singapore Listing Preparatory Programme* jointly organised by the Monetary Authority of Singapore and the Vietnam State Securities Commission. The signing ceremony was witnessed by Mr Lim Hng Kiang, Singapore's Minister for Trade and Industry and Vietnam's Minister of Finance, Mr Vu Van Ninh.
Under the MOU, both exchanges will share information in the areas of market regulation and enforcement aimed to enhance the development of both markets. SGX will collaborate with HASTC to provide educational assistance to potential Vietnamese enterprises that are seeking international capital and branding through a listing in Singapore. This includes organising seminars on listing rules and requirements for potential Vietnamese enterprises.
The HASTC will, within its capacity, guide Vietnamese listing aspirants in managing local legal and regulatory processes, and cooperate with SGX in its supervision of Vietnamese companies that are listed on SGX.
"This event marks a new stage of development of the HASTC in collaborating with other exchanges. We expect to have closer co-operation with SGX in sharing market information and development experience, as well as assisting our listed companies to access the Singapore market. With current international attention on Vietnam's capital market, we will try our best to capture this opportunity for a better future," said Mr Nguyen Vu Quang Trung, Deputy Director of HASTC.
Mr Lawrence Wong, Executive Vice President and Head of Listings at SGX said, "This collaboration will give us insights into Hanoi's financial and corporate landscape. We look forward to working closely with HASTC to address the capital-raising needs of Vietnamese companies. This initiative is in line with SGX's positioning as the Asian gateway for companies seeking international funds."
