Vietnam stock market restructuring transfers 300 stocks to HoSE

Vietnam is entering a critical phase of its stock market restructuring, with a plan to transfer more than 300 listed stocks from the Hanoi Stock Exchange (HNX) to the Ho Chi Minh City Stock Exchange (HoSE). According to the roadmap set by the Ministry of Finance, this transition must be completed by December 31, 2026.

The restructuring aims to specialize the functions of the two exchanges. HoSE will serve as the centralized hub for stocks, fund certificates, and covered warrants, addressing long-standing market fragmentation. This move is expected to increase liquidity and act as a quality filter for listed companies due to stricter listing requirements on HoSE.

Following the transfer, HNX will pivot its focus toward bond markets, derivatives, the UPCoM market for public companies not yet meeting listing criteria, and the development of carbon credit markets and specialized exchanges for startups.