The Vietnam Stock Exchange (VNX) made debut on December 11, on the basis of merging the Hanoi Stock Exchange (HNX) and the Ho Chi Minh Stock Exchange (HoSE).

With general optimism well-founded for Vietnam’s stock market building in the past year, there is now significant anticipation for 2021 with the arrival of a new entity to run the country’s exchanges.

The State should hold 100 percent capital at the Vietnam stock exchange, expected to be merged from the two current bourses under the revised draft Law on Securities, an official said.

The Government will decide the location of the soon-to-be-established Vietnam Stock Exchange (VNSC) in either Hanoi or HCM City, a National Assembly (NA) deputy chairman said on Monday.

The two national stock exchanges will be merged into one single stock exchange and named the Viet Nam Stock Exchange. It will be headquartered in Ha Noi.

Merging the two national stock exchanges would improve efficiency and trading conditions, the 14th National Assembly heard at a meeting on June 6.

 The capitalization of Vietnam’s stock market was estimated at more than 1,325 trillion VND (58.8 billion USD), equal to 34 percent of the country’s Gross Domestic Products (GDP), this year.