Ho Chi Minh Stock Exchange (HOSE, HoSE, or HSX), formerly the HCMC Securities Trading Center (HoSTC), is a stock exchange in

Ho Chi Minh City Ho Chi Minh City (HCMC) ('','' TP.HCM; ), commonly known as Saigon (; ), is the most populous city in Vietnam with a population of around 14 million in 2025. The city's geography is defined by rivers and canals, of which the largest is Saigo ...

Vietnam Vietnam, officially the Socialist Republic of Vietnam (SRV), is a country at the eastern edge of mainland Southeast Asia, with an area of about and a population of over 100 million, making it the world's List of countries and depende ...

. It was established in 1998 under Decision No. 127/1998/QD-TTg of the

Prime Minister of Vietnam The prime minister of Vietnam () is the head of government of Vietnam who presides over the meetings of the Government (formerly the Council of Ministers). The prime minister directs the work of government members, and may propose deputy prime ...

. HCM Securities Trading Center officially opened on July 20, 2000, and had its first trading session on July 28, 2000, with two listed companies and six security company members. The current HOSE headquarters formerly housed the Senate of the

Republic of Vietnam South Vietnam, officially the Republic of Vietnam (RVN; , VNCH), was a country in Southeast Asia that existed from 1955 to 1975. It first garnered international recognition in 1949 as the State of Vietnam within the French Union, with it ...

until the

Fall of Saigon The fall of Saigon, known in Vietnam as Reunification Day (), was the capture of Saigon, the capital of South Vietnam, by North Vietnam on 30 April 1975. As part of the 1975 spring offensive, this decisive event led to the collapse of the So ...

in 1975. According to Decision No. 599/2007/QD-TTg of the Prime Minister in 2007, HCM Securities Trading Center was transformed into HCM Stock Exchange, with initial charter capital of VND 1,000 billion and the Ministry of Finance as the owner representing the agency. The charter capital was adjusted to VND 2,000 billion in 2015. The Prime Minister issued Decision No. 37/2020/QD-TTg on December 23, 2020, establishing of the Vietnam Stock Exchange. Accordingly, The Hanoi Stock Exchange and Ho Chi Minh Stock Exchange became subsidiaries with 100% of charter capital owned by the Vietnam Stock Exchange.

Overview

Vietnam Stock Exchange was established as a one-member

limited liability company A limited liability company (LLC) is the United States-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of ...

to organize a security trading market. Its VND 3,000 billion charter capital is held by the State. It has bank accounts with the State Treasury and domestic commercial banks that do business in

Vietnamese đồng The dong (; ; ; sign: ₫ or informally đ and sometimes Đ in Vietnamese; code: VND) is the currency of Vietnam, in use since 3 May 1978. It is issued by the State Bank of Vietnam. The dong was also the currency of the predecessor states of ...

and foreign currencies. By national law, the exchange is tasked with financial regimes, statistical reporting, accounting, and auditing.

Products

Trading products

Currently, Ho Chi Minh Stock Exchange is trading securities products such as stocks, closed fund certificates, ETF certificates, and covered warrants.

Indices

VNIndex

VNIndex (or VN Index, and sometimes abbreviated as VNI) was the first and is currently the mainline index representing the Vietnamese stock market. It compares the current values of market capital to the base value of market capital. The value of market capital is calculated by the index formula which is adjusted in scenarios such as new listings, delistings, and changes in listing capital. VNIndex calculating formula: VN Index = (Current market value / Base market value) x 100

HOSE index

The HOSE Index was launched in 2014. It allows HOSE's listing stocks to reach requirements on eligibility, free-floating rate, and liquidity. HOSE Index accounts for more than 90% trading value and more than 80% capital value of listing Vietnamese stocks in HOSE. Structure of HOSE Index: * VNAllshare is a capitalization index consisting of stocks listed on HOSE that meet the screening requirements for eligibility, freely transferable ratio, and liquidity. * VN30 is a capitalization index designed to measure the growth of the top thirty companies in terms of market capitalization and liquidity in VNAllshare. * VNMidcap is a capitalization index that measures the growth of seventy medium-sized companies in VNAllshare. * VN100: is a market capitalization index combining component stocks of VN30 and VNMidcap. * VNSmallcap is a capitalization index designed to measure the growth of small-sized companies in VNAllshare. * VNAllshare Sector Indices include industry indices with VNAllshare's component stocks, classified according to the

Global Industry Classification Standard The Global Industry Classification Standard (GICS) is an industry taxonomy developed in 1999 by MSCI and Standard & Poor's (S&P) for use by the global financial community. The GICS structure consists of 11 sectors, 25 industry groups, 74 industrie ...

(GICS®). * VNSI is a price index calculated using the free-float adjusted market capitalization method with the composition of the listed companies with the best sustainable development scores. It has a real-time calculation frequency of five seconds.

Sector indices

Currently, HOSE has ten sector indices: * Consumers sector (VNCONS) * Energy sector (VNENE) * Financial sector (VNFIN) * Healthcare sector (VNHEAL) * Material sector (VNMAT) * Industrial sector (VNIND) * Information Technology Sector (VNIT) * Material sector (VNMAT) * Real Estate sector (VNREAL) * Utilities sector (VNUTI)

Investment indices

In November 2019, HOSE introduced a modified index to adapt to the investment needs of domestic fund companies. Specifically, the Vietnam Leading Financial Index (VNFIN LEAD) Vietnam Financial Select Sector Index (VNFINSELECT), and Vietnam Diamond Index (VN DIAMOND).

Trading activity

The Ho Chi Minh Stock Exchange trades Monday through Friday, except on public holidays. The trading limit for stocks and fund certificates is +/-7%; this does not apply to bonds. On the first trading day of a new listing stock, the trading limit is +/-20%.

Listing on HOSE

Listing requirements, applied according to Decree 155/2020/ND-CP detailing

References

{{World Federation of Exchanges Economy of Ho Chi Minh City Economy of Vietnam Financial services companies established in 2000 Stock exchanges in Southeast Asia Stock exchanges in Vietnam