Trading schedule for the HOSE stock exchange during Tet 2024 in Vietnam

What are days off of the HOSE stock exchange during Tet 2024 in Vietnam?

On December 7, 2023, the Ho Chi Minh City Stock Exchange (HOSE) issued Announcement 1943/TB-SGDHCM in 2023 announcing the trading schedule for 2024.

According to the announcement, the trading schedule of the HOSE stock exchange during the Tet holiday in 2024 is as follows:

- Gregorian New Year: Monday, January 1, 2024

- Lunar New Year: 7 days from Thursday, February 8, 2024 to Wednesday, February 14, 2024

In addition, based on Article 13 of the Listing and Trading Rules of Listed Securities issued together with Decision 17/QD-HĐTV in 2022, the trading hours for listed securities at HOSE are from Monday to Friday, excluding public holidays as prescribed by the Labor Code in 2019.

Trading schedule for the HOSE stock exchange during Tet 2024 in Vietnam - Source: Internet

What are types of securities in Vietnam?

Pursuant to Clause 1 Article 4 of the Law on Securities in 2019 stipulating securities as follows:

Definitions

For the purpose of this Law, the terms below are construed as follows:

1. “securities” include the following assets:

a) Shares, bonds, fund certificates;

b) Warrants, secured warrants, pull options, depository receipts;

c) Derivatives;

d) Other kinds of securities defined by the Government.

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As regulations above, types of securities in Vietnam are:

- Shares are securities that certify their holders’ lawful rights and interests to a portion of share capital of the issuer.

- Bonds are securities that certify their holders’ lawful rights and interests to part of the debt of the issuer.

- Fund certificates are securities that certify their holders’ ownership of a stake in a securities investment fund.

- Warrants are the securities that are issued together with bonds or preference shares and bestow upon their holders the right to buy a certain amount of common shares at a specified price over a specific period of time.

- Secured warrants, pull options, depository receipts.

- Derivatives are financial instruments in the form of contracts, options, futures, forwards that determine rights and obligations of the parties to pay money and transfer a specific quantity of underlying assets at a specified strike price prior to or on a specified date in the future.

- Other kinds of securities defined by the Government.

What are regulations on securities trading in Vietnam?

Pursuant to Article 50 of the Law on Securities in 2019 stipulating securities trading in Vietnam as follows:

[1] Listed and registered securities are organized for trading in the following 3 methods:

- Centralized order matching: Must ensure the principle of priority in price and time on the securities trading system.
Negotiated trading: Is carried out according to the principle that the parties involved in the transaction negotiate and agree on the transaction contents on the securities trading system.

- Other trading methods specified in the Securities Trading Regulations of the Vietnam Securities Exchange.

[2] Listed and registered securities may not be traded outside the securities trading system organized by the Vietnam Securities Exchange and its subsidiaries, except in the following cases:

- Transactions that are not of a buying or selling nature.

- Other transactions that cannot be carried out through the securities trading system.

[3] The organization of trading of new types of securities, changes and application of new trading methods, and commissioning of new trading systems must be approved by the State Securities Commission.

[5] Detailed regulations on securities trading, securities trading supervision, and cases of transactions that are not of a buying or selling nature, securities transactions that cannot be carried out through the securities trading system are implemented by the Minister of Finance.

[6] The connection of securities trading with foreign stock exchanges is decided by the Prime Minister upon the proposal of the Minister of Finance.

Best regards!