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
Thai Mango growers complain of low prices and fewer exports
Because of the global COVID-19 pandemic, their mangoes are not being exported, due to fewer buyers, and their prices have plunged to between 10 and 20 baht per kilogram, depending on size.
Mango orchard owners in Thailand’s northern province of Phitsanuloke are seeking help from the provincial administration to promote the sale of their sweet fruit, particularly Barracuda Mango variety.(more…)
Foreigners’ Participation in Thai Listed Companies explained
Special vehicles have been created to facilitate foreign investors so that they are able to invest in Thai
securities flexibly and conveniently.
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