Vietnam set to open derivatives market next year

Thanh Nien News

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A market for index futures and government bond futures will be opened in Vietnam next year, sometime between the third and the fourth quarter, the government website reported this week.
The country's first derivatives market will be established at the Hanoi Stock Exchange, it quoted the Ministry of Finance's latest order for the State Securities Commission of Vietnam as saying.
Under the order, the Hanoi Stock Exchange will collaborate with the Vietnam Securities Depository in investing in infrastructure for the market, including information technology systems.
Meanwhile, the commission was ordered to complete its draft circular outlining regulations on the market's operation.
In a recent interview with news website VnEconomy, Nguyen Thanh Long, vice chairman of the securities commission, said initially the market will offer the two "basic" derivatives only, but after its first stage, which may last about five years, more products will be added.
Vietnam's stock market was opened in 2000.

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