Update : Dec. 13, 2010
On December 13th, Tokyo Stock Exchange Group (TSE Group), Inc. and Hanoi Stock Exchange signed a Memorandum of Understanding (MOU) to further develop the collaborative bonds between the two exchanges.
The signing of this agreement will create an even closer relationship between the two exchanges and contribute to the further development of both securities markets. In particular, this MOU will promote cooperation in the area of information technology, such as trading systems, through the exchange of IT personnel and information, thereby providing a better investment environment to the investors in both Japan and Vietnam.
"I am very pleased with the signing of an MOU with Hanoi Stock Exchange," said Atsushi Saito, President and CEO of TSE Group. "IT strategy, particularly in relation to trading systems, has become essential to the development of a securities exchange. TSE launched our new trading system, arrowhead, at the beginning of this year and has been receiving high praise from market participants. We hope to share our experience and knowledge of IT to support the development of Hanoi Stock Exchange and invigorate the capital markets of both Japan and Vietnam. I believe the signing of this MOU is a significant step toward realizing that goal."
Tran Van Dzung, CEO of Hanoi Stock Exchange, said "We are fully aware that Tokyo Stock Exchange has received worldwide recognition as the largest Stock Exchange in Japan, preserving 130 year history of development, the worldwide second largest Exchange in terms of market capitalization, and the Exchange having the latest and advanced IT systems. Therefore, to enter into an MOU with TSE is our great honor, and we are definitely confident that HNX can learn much from TSE."
* Tokyo Stock Exchange Group, Inc.
Tokyo Stock Exchange Group, Inc. (TSE Group) is the holding company of the Tokyo Stock Exchange, Inc., one of the leading global exchanges and the largest securities market in the Asia-Pacific region. The TSE is best known for its equities market, valued at US$3.5 trillion as of the end of October 2010. It also boasts the largest market for Japanese securities derivatives such as Japanese Government Bond (JGB) and TOPIX (Tokyo Stock Price Index) futures.
* Hanoi Stock Exchange
Hanoi Stock Exchange, formerly known as Hanoi Securities Trading Center, officially came into operation in March 2005. HNX is a State-owned, single-member, limited liability company, responsible for organizing securities markets. At present, HNX is running 3 separate markets for listed stocks, government bonds and securities of unlisted public companies (UPCoM). HNX also organizes share auctions (mainly for the SOEs under equitization process) and government bond bidding.
Tokyo Stock Exchange Group, Inc.