HOSE

The Ho Chi Minh City Stock Exchange (HOSE or HSX) is one of Vietnam's national stock exchanges. Established in 2000 as the Ho Chi Minh City Stock Exchange Center, it was officially upgraded to a national stock exchange in 2007. As a vital component of Vietnam's capital market, HOSE is primarily responsible for the transaction matching, clearing, and information disclosure of stocks, funds, ETFs, and related derivatives, serving as a critical financial infrastructure connecting the government, businesses, and investors.

The exchange is currently affiliated with the Vietnam Stock Exchange (VNX), which is controlled by the Ministry of Finance of Vietnam and is part of the country's strategic financial system. The establishment and development of HOSE is of great significance in promoting Vietnam's financial market reform, attracting foreign investment, and enhancing market transparency.

🌐Global layout and brand background

While HOSE's primary market focus is Vietnam, its institutional design and operating model draw extensively on international capital market standards, striving to provide a transparent and efficient investment environment for foreign investors. The establishment of its parent institution, VNX, marks a new phase in the centralized and unified oversight of the Vietnamese securities market and strengthens HOSE's institutional integration capabilities.

Currently, HOSE-listed companies cover a number of Vietnam's pillar industries, such as banking, real estate, manufacturing, energy and consumer goods, and bring together many leading Vietnamese companies. It serves as a "barometer" for overseas investors to observe Vietnam's economic vitality.

💹Trading products and services

The trading products provided by HOSE include:

• Stock (common and preferred)

• Closed-end fund and open-end fund trading certificates

• Exchange Traded Funds (ETFs)

• Convertible bonds and structured products

• Derivatives (such as covered warrants)

The official website offers services such as a trading calendar, real-time data query, historical market quote downloads, and market announcements. It is available in multiple languages (English and Vietnamese), making it easier for international investors to access information. The platform also features a rich index system, including VN-Index, VN30, VNAllshare, VNFIN, and VNSI, to meet the analytical needs of diverse investors.

💻Trading technology and platform experience

The HOSE official website supports online inquiries of company financial data, public announcements, investor education content, and market statistics. Its interface is simple and clear, allowing users to quickly access daily trading summaries, company lists, and price trends.

In addition, HOSE also provides data download services through APIs and links to the Central Securities Depository (VSD) and the Vietnam Securities Commission (SSC), forming a complete securities service system chain.

🛡️Regulatory compliance and fund security

As a national securities exchange, HOSE is fully regulated by the Vietnam Securities Commission (SSC) and falls under the jurisdiction of the Ministry of Finance. All of its trading rules, listing review mechanisms, and information disclosure requirements are designed in accordance with international practices to promote market fairness and transparency.

Vietnam has introduced important regulations such as the Securities Law 2020 to strengthen supervision of exchanges and intermediaries, while enhancing investor protection mechanisms and improving the international image of the capital market.

⚡Trading conditions and experience

HOSE implements a T+2 settlement mechanism, allowing for twice-daily price matching and price limits (generally ±7%) to mitigate market volatility. While this mechanism facilitates robust trading for investors, it also limits the effectiveness of short-term, high-volatility strategies.

Transaction matching efficiency has improved in recent years. Official website data shows that daily trading volume and market capitalization have steadily increased, especially the active trading of VN30 blue-chip stocks, which represent liquidity.

🎓Customer support and value-added services

HOSE is committed to investor education and has established an "Investor Corner" on its official website, providing beginner market guides, regulatory interpretations, risk warnings, an investment dictionary, and other content. It also collaborates with universities and research institutions to promote the popularization of financial knowledge.

In addition, HOSE also regularly organizes seminars, corporate roadshows, and listing briefings to help institutional investors connect with listed companies and promote market efficiency.

⚠️Risk Warning and Platform Positioning

HOSE prominently displays investment risk warnings on its website, reminding investors of the price volatility risks of stocks and derivatives and encouraging rational investment and long-term holding strategies. Its platform is clearly positioned as the "core trading platform for the Vietnam Main Market," suitable for investors who prioritize fundamental investing.

🔍Comprehensive analysis and evaluation

In summary, Ho Chi Minh City Stock Exchange is the flagship exchange of Vietnam's capital market, with the following characteristics:

• National authority and sound supervision;

• The product line mainly consists of stocks, ETFs and structured products;

• The information disclosure system is sound and the data is transparent;

• The official platform supports multi-language and structured data acquisition;

• The market positioning is mature and suitable for medium- and long-term institutional investors and conservative retail investors.

As the Vietnamese market further internationalizes, HOSE still has room for improvement in foreign investment participation, adoption of ESG standards, and application of financial technology. However, at this stage, it is already one of the most representative stock exchanges in Southeast Asia's emerging markets, worthy of continued attention and participation from global investors.