Singapore And Ho Chi Minh City Securities Markets Sign MOU

Singapore Exchange Limited (SGX) and The Ho Chi Minh City Securities Trading Center (HoSTC) today announced the signing of a Memorandum of Understanding (MOU) to enhance both capital markets.

This is the first formal co-operation between HoSTC and SGX. The MOU aims to foster closer ties and to establish a channel for information exchange in the areas of operations, regulatory framework, as well as equities and derivatives products. Under the MOU, both parties will share market practices and standards in alignment with the international investment community. Dr Tran Dac Sinh, CEO of HoSTC said, “This is the cornerstone and opportunity for SGX and The Ho Chi Minh City Securities Trading Center to further develop our relationship. Today, I am honoured to sign this MOU with Mr J Y Pillay, Chairman of SGX. This is an official and long-term commitment for further co-operations between the two Exchanges and the two markets in general."

Mr Hsieh Fu Hua, CEO of SGX said, “Following the Vietnam-Singapore Connectivity Agreement between the two governments, we are pleased to forge closer ties with HoSTC through this MOU. We hope to provide Vietnamese companies an overseas capital platform to complement their domestic market.”