The Stock Exchange of Thailand (SET) and the Hanoi Stock Exchange (HNX) on Friday signed an agreement to exchange information and experience in regulating the stock market.
The five-year Memorandum of Understanding (MoU) will also support business opportunities for investors through network mechanism and business matching activities that will increase the business value of listed companies.
Vietnamese companies and Thai-Vietnamese joint ventures are encouraged to apply for dual listing on the stock exchanges of the two countries once the laws and relevant regulations permit it.
“To a greater extent, this agreement will allow us to tighten the bonding between financial markets in Thailand and Vietnam, making contributions to the integrity of ASEAN economic community as highlighted in the spirit of ASEAN alliance,” Tran Van Dzung, President of the Hanoi exchange said in a statement.
SET president Patareeya Benjapolchai said the stronger cooperation and relationships will further provide both business and investment opportunities not only for the exchanges but also for all market participants.
According to a SET recent survey, 43 per cent of the listed companies responding to the survey indicated interest in investing in Vietnam, and some listed companies are exploring investment and business expansion opportunities in Vietnam