Officially established Vietnam Exchange

The establishment of Vietnam Exchange in parent company-subsidiary company model on the basis of re-arrangement of Hanoi Stock Exchange and Ho Chi Minh City Stock Exchange is mentioned right in Article 1 of the Decision No. 37/2020/QĐ-TTg of the Prime Minister of Vietnam. To be specific:

- Vietnam Exchange is a parent company organized in the model of a single-member limited liability company of which 100% charter capital is held by the State; has the status of legal person and separate seal; is entitled to open VND and foreign currency accounts at the State Treasury and domestic commercial banks; follows independent accounting and complies with regulations on finance, statistical reporting, accounting, auditing and financial obligations in force:

+ International name: Vietnam Exchange.

+ Abbreviated name: VNX.

+ Headquarters: Hanoi.

- 02 companies of which Vietnam Exchange holds 100% of charter capital at the time of establishment:

+ Hanoi Stock Exchange (HNX).

+ Ho Chi Minh Stock Exchange (HSX).

Moreover, according to Article 3 of the Decision No. 37/2020/QĐ-TTg, the charter capital of Vietnam Exchange is VND 3.000 billion.

The organizational structure of Vietnam Exchange is comprised of the Board of Members, General Director, Control Board and professional departments.  Chairperson of the Board of Members and General Director of Vietnam Exchange shall be appointed and dismissed by the Minister of Finance at the request of the Board of Members (Clause 1 Article 4 of the Decision No. 37/2020/QĐ-TTg)

View more details at the Decision No. 37/2020/QĐ-TTg of the Prime Minister of Vietnam, effective from February 20, 2021.

Phuong Thanh

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