return icon

New stock trading system from RoK to be tested after Tet

A trial run of a stock trading system from the Republic of Korea with securities companies will be conducted after the Tet (Lunar New Year) holiday, said Tran Van Dung, Chairman of the State Securities Commission of Vietnam (SSC).

New stock trading system from RoK to be tested after Tet hinh anh 1

Tran Van Dung, Chairman of the State Securities Commission of Vietnam (SSC), speaks at the January 19 press conference. (Photo: VNA)

Provided by the Korean Exchange (KRX), the new system is expected to be officially put into use at the end of the year, he added.

After five or six months of talks, the KRX agreed to send experts to assist in the trial run, and they have arrived in Ho Chi Minh City.

Tests of the new system could be affected by multiple factors, he continued. For example, if the COVID-19 situation takes a turn for the worse, it may disrupt the experts’ travel. If errors occur, meanwhile, the time needed to fix them remains unknown, the SSC leader said.

“We cannot guarantee that it will be 100 percent on schedule, but we have back-up plans for potentially adverse events,” he said.

He added that the new system should be operational as soon as possible as a solution against recent system failures caused by excessive trading orders on the HCM City Stock Exchange (HoSE).

The KRX signed an agreement with its Vietnamese counterpart in 2016 on establishing advanced IT infrastructure for the latter’s stock market, the RoK news agency Yonhap reported./.VNA

Experts warn about risky investments in gold and stocks

Experts warn about risky investments in gold and stocks

With increasingly rapid developments occurring in the gold and stock markets, economic experts believe these represent risky investment channels, with investors needing to carefully consider all of their financial decisions.


Da Nang City calls for investment

The Government will keep following reform policies in administrative procedure, legal environment, more transparency and publicity in creating trusts and confidence among businesses investing in VN and Danang with the win-win target.

Vietnam up 39 notches in quality of life index rankings globally

Vietnam has made great strides in improving its living standard as it jumped 39 notches in the global quality of life index rankings in 2021, revealed CEOWORLD, the world’s leading business and trade magazine.

Australian Foreign Minister begins Vietnam visit

Foreign Minister Penny Wong began a two-day visit to Vietnam on June 26 in an effort to further promote the dynamic partnership between the two countries.

Miss Grand International 2023 to be held in Vietnam

Vietnam will be the host country of Miss Grand International 2023.

Top legislator meets Deputy Speaker of Hungarian parliament

National Assembly Chairman Vuong Dinh Hue visited Albertirsa city on June 26 as part of his official visit to Hungary, where he was welcomed by Deputy Speaker of the Hungarian parliament István Jakab and city officials.


Agricultural sector ensures food security, exports

Vietnamese become famous for gold-wearing ‘hobby’

The hobby of wearing gold all over the body has attracted the attention of the public, even foreign news sites.

Hue Festival 2022 opens with glamor show

The week-long Hue Festival 2022 was kicked off on June 25 evening by a unique art programme and Ao Dai (Vietnamese traditional gown) show.

Bach Long Glass Bridge - A news tourist attraction in Moc Chau

A glass-bottomed bridge named Bach Long (White Dragon) was recently inaugurated in Moc Chau and it has immediately become a new tourist attraction.

Vietnam among few countries totally re-open int’l tourism market

Vietnam is the only only Southeast Asian country that has reopened international tourism without any COVID-19 restrictions, the World Tourism Organization (UNWTO) said.

Foreign Ministry spokeswoman’s story of being a writer

Assistant to Minister of Foreign Affairs, Spokesperson of the Ministry of Foreign Affairs Le Thi Thu Hang says journalism not only means reporting information, but it also has the function of leading public opinion.

Another S.Korean airline resumes direct service to Khanh Hoa

An Air Seoul flight carrying 187 passengers from the Incheon international airport arrived at the Cam Ranh International Airport in Khanh Hoa Province on June 24.

Interest subsidy vs monetary loosening

Some recent reports have indicated that the monetary policy of the State Bank of Vietnam (SBV) is not in sync with the global trend.

Developers expect smoother LNG policy planning

In Vietnam, about 20 LNG-fired power projects are in the pipeline. Some of these programmes, however, have yet to identify a fuel source.