HASTC to Become Limited Liability Company

The State Securities Commission (SSC) has reported that the Hanoi Securities Trading Centre (HASTC) will become a transaction market for shares of small and medium enterprises. Then, the HASTC will be separated from the SSC and operated as a State-owned limited liability company. Especially, SSC will transfer the authorities appraise and grant listing licences for companies applying for their listings on the Ho Chi Minh City Securities Trading Centre (HSTC).

Under the plan, the HSTC will become a stock exchange. In the initial years, it will operate as a limited liability company before going public in 2010. These are main topics of regulations of the Securities Law, which took effect from January 1, 2007. At present, HASTC is carrying out these authorities.