Conference hears of groundwork being laid for the introduction of derivatives market in Vietnam.
The Ministry of Finance and the State Securities Commission organized a conference on January 22 regarding the development of the stock market in 2016. One of the most importance matters under discussion was the introduction of derivative products, which have been in the pipeline for a number of years.
The conference heard that units responsible for developing derivative products - the Hanoi Stock Exchange (HNX) and Vietnam Securities Depository - are moving towards completing the technical platform and legal framework by the end of the year and will officially introduce the first two products - stock market index futures and treasury futures - at the beginning of 2017.
Not all shares can be used for derivatives, with Mr. Tran Van Dung, General Director of HNX, telling VET that, initially, only stocks in the HNX30-Index will definitely be used.
Commenting on the requirements for shares to be used, Mr. Trinh Hoai Giang, Deputy General Director of the Ho Chi Minh City Securities Corporation, said such shares must have sound underlying assets.