The Stock Exchange of Thailand and the Hochiminh Stock Exchange (HOSE) today signed the Memorandum of Understanding to extend their cooperation on activities relating to conducting sound market surveillance, and promoting collaborative investment and business opportunities for both exchanges and their listed companies.
The Hochiminh Stock Exchange (HOSE) and the Stock Exchange of Thailand (SET)
agreed to extend and enhance their cooperation for another three years.
The two exchanges also plan to promote and facilitate dual listing activities of Thai-Vietnamese joint-venture companies as well as cross listing of Exchange Traded Funds (ETFs).
SET President Charamporn Jotikasthira said "Since 2000, SET has been playing an instrumental role in establishing and maintaining HOSE's trading system. The extension of the MoU for three more years (2010-2013) demonstrates both exchanges' commitment to reinforce their long-standing relationships. Cooperation envisaged under this extended MoU will cover a wide range of business activities, which will not only benefit the exchanges but will also benefit the listed companies and market participants of both exchanges."
Tran Dac Sinh, president and CEO of HOSE, stated "the extended MoU raises the closed relationship between two Exchanges to new level. We much appreciate SET's cooperation and assistance to HOSE during past 10 years. Today the great collaboration of two Exchanges is once again made deeper and more practical to potential development in coming period."
The signing of the MoU's amendment between the two exchanges took place at the 11th Asean CEO's meeting hosted by the Hochiminh Stock Exchange (HoSE) in Dalat, Vietnam.