1:37:32 PM | 23/2/2007
The Hanoi Securities Trading Center (HASTC) will focus on building the secondary market in a safe and efficient manner as one of its key tasks in 2007, said the center’s director Tran Van Dung.
HASTC will put into operation a distant trading system, which will directly connect with securities companies, rather than conducting transactions at trading floor as at present so as to better meet the market's requirements and improve its operation efficiency, he said.
HASTC will develop the bond trading system into a professional secondary market and will establish a network managing over-the-counter (OTC) transactions to help increase the efficiency of the management of unlisted share trading, reduce risks for investors and increase market transparency.
Starting operation since March 2005, the Hanoi bourse has witnessed a robust growth in transaction scale and value with effective supervision and information announcement, Dung said.
Within over a year, the number of businesses registered for trading on the market increased 14 fold, from six to 87, with a total registered capital raised to more than VND11.3 trillion from VND1.5 trillion.
The total value of the market also rose from VND2 trillion at the beginning of 2006 to more than VND73 trillion as at the end of 2006.
87 kinds of bonds have also been listed on the bourse with total value of VND17.6 trillion. (VNA, VietNamNet)
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