The Ho Chi Minh City Stock Exchange has announced that, with the approval of the Vietnam Stock Exchange and the State Securities Commission, it will be launching a new information technology system for the Vietnamese stock market (KRX system) on May 5, 2025.
The Ho Chi Minh City Stock Exchange requests that market members focus on allocating sufficient resources to ensure the smooth operation of the new information technology system as planned. They should also enhance supervision and promote the system’s new features to investors, ensuring a safe, continuous, and stable trading environment.
The Ho Chi Minh City Stock Exchange seeks close cooperation from market members, enterprises, investors, and media organizations to ensure the successful, efficient, and secure operation of the new information technology system.
Previously, on April 12, 2025, in Hanoi, the State Securities Commission held a conference to assess the market members’ readiness for the launch of the KRX information technology system. During the conference, representatives from securities companies, custody banks, and designated payment banks shared their readiness to connect with the KRX system.
In mid-March, the State Securities Commission announced that the KRX system would allow room-keeping until T+3. The system is expected to be operational in May or June 2025, after members have completed their testing.
Regarding the implementation roadmap for the KRX system, the stock exchanges and VSDC will publicly announce all the improved features, differences, and advantages of the system before its launch, ensuring that the market is fully informed.
VnDirect believes that with HoSE’s urgency, the implementation of the KRX system will attract foreign capital and lead to an early upgrade of Vietnam’s stock market to emerging market status.
Currently, Circular No. 68/2024/TT-BTC has established a legal framework for product development to meet the criteria for market upgrades by both FTSE and MSCI. VnDirect expects that with the fulfillment of the remaining two criteria of FTSE Russell, including the Pre-Funding criterion and the criterion related to failed transaction costs, FTSE Russell will provide positive evaluations of Vietnam’s stock market in its March 2025 review. This could lead to an official upgrade of Vietnam’s market status to an Emerging Secondary Market in FTSE Russell’s September 2025 review.
With a strong commitment to achieving the goal of market upgrade and building a sustainable capital market, the remaining MSCI criteria are expected to be met by 2026. This would likely result in an official upgrade of Vietnam’s market status to an Emerging Market by MSCI in its June 2027 review.
“Domesco Stake Sale: SCIC Offers Nearly 12.1 Million Shares, Starting Bid Over VND 1.5 Trillion”
The State Capital Investment Corporation (SCIC) plans to auction off a significant stake in Domesco Medical Import-Export Joint Stock Company (HOSE: DMC). The auction block comprises nearly 12.1 million shares, representing 34.71% of DMC’s charter capital. Bidding will start at a premium, with an opening price set at over VND 1,531 billion for the entire lot, equating to approximately VND 127,000 per share – a substantial figure that doubles the closing price from the April 18 session.
Market Beat 20/02: Shakeout at Resistance, Foreigners Resume Net Selling
The VN-Index experienced some volatility during the afternoon session, but overall, the fluctuations were not significant. The index closed on February 20th at 1,292.98, a gain of 4.42 points. The HNX-Index and UPCoM-Index also witnessed some volatility but managed to end the day in the green at 238.02 and 100.08, respectively. Foreign investors made a notable return to net selling.
Market Beat: VN-Index Plunges, Steel Stocks Take a Hit on News of Tariffs
The market closed with notable losses, as the VN-Index dipped by 11.94 points (-0.94%) to close at 1,263.26, while the HNX-Index fell by 1.52 points (-0.66%), settling at 227.97. The market breadth was overwhelmingly bearish, with 489 declining stocks outweighing 270 advancing stocks. Within the large-cap VN30 basket, bears held the edge, as evidenced by 16 tickers in the red versus 9 in the green, while 5 remained unchanged.
The State ‘Shark’s’ $10 Billion Portfolio: Half in Bank Deposits, Over $1 Billion in Corporate Bonds, Bets on ACB, VNM, VCB Stocks, but Temporarily in the Red
As of December 31, 2024, the company has deposited a substantial amount of 124,567 billion VND in the bank, accounting for nearly 54% of its portfolio. This significant figure reflects a notable increase of almost 12,800 billion VND compared to the beginning of the year.
The Billionaire’s Stock Surge: Nguyễn Đăng Quang and Nguyễn Thị Phương Thảo’s Unexpected End-of-Year Rally to New Heights
As of December 30, billionaire Nguyen Thi Phuong Thao’s HDB stock holdings were valued at nearly VND 3,485 billion, marking an increase of over VND 222 billion for the day.
