What is the trading hours of the HOSE stock exchange in Vietnam?

What is the trading hours of the HOSE stock exchange in Vietnam?

Article 4 of the Securities Trading Regulations of the Ho Chi Minh City Stock Exchange, issued together with Decision 352/QĐ-SGDHCM in 2021, stipulates the trading hours of securities as follows:

The stock exchange organizes securities trading from Monday to Friday of each week, except for holidays as prescribed by the Labor Code in 2019.

Securities trading times are regulated as follows:

Can a securities professional open a securities trading account at a securities company where they do not work in Vietnam?

Pursuant to Clause 2 Article 98 of the Law on Securities in 2019 stipulating responsibilities of certified securities professionals as follows:

Responsibilities of certified securities professionals

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2. A certified securities professional must not:

a) Simultaneously work for 02 or more securities companies, fund management companies, branches foreign securities companies or foreign fund management companies in Vietnam, or investment companies;

b) Open, manage securities trading accounts at the securities company for which he/she works, unless it does not provide securities brokerage services;

c) Act beyond the authorization of the company for which he/she works.

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Therefore, securities professionals are not allowed to open and manage securities trading accounts at securities companies where they do not work.

However, for securities companies where they are currently working do not have securities brokerage businesses, securities professionals are allowed to open and manage securities trading accounts at securities companies where they do not work.

What is the trading hours of the HOSE stock exchange in Vietnam? - Source: Internet

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 matching method: Must ensure the principle of priority in price and time on the securities trading system.

- Negotiation method: Carried out based on the principle that the parties participating in the transaction agree, 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 are not allowed to 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 and 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 the commissioning of new trading systems must be approved by the State Securities Commission.

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

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

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