Singapore and Vietnam exchanges collaborate on derivatives market
06 August 2024 Asia Pacific
Image: SGX/VNX
Singapore Exchange (SGX) and Vietnam Exchange (VNX) have signed a Memorandum of Understanding (MoU) to build greater connectivity in capital and derivatives markets through a 鈥渂road range of initiatives鈥�.
The move aims to foster investment flows and share best practices in regulatory and governance standards.
Signed in front of Vietnam鈥檚 Minister for Finance, Ho Duc Phoc, and Singapore鈥檚 Minister for Transport and Second Minister for Finance, Hong Tat Chee, the MoU marks a milestone as the first collaboration between the two entities focused on this initiative.
According to SGX Group, Vietnam 鈥渟tands out as one of the fastest-growing markets in the region鈥� and has 鈥渕ade significant strides鈥� in developing its equity market and economy in recent years.
Commenting on the news, SGX Group CEO Boon Chye Loh says: 鈥淚ncreasingly, connectivity between markets and exchanges is becoming more important, especially in the financial world. Investors want ease of access while being able to invest with confidence.
鈥淭hat鈥檚 why exchange collaboration is crucial to ensure a more connected and robust marketplace. By leveraging our combined strengths, we hope to facilitate increased market access and liquidity, enabling investors to capitalise on the growth opportunities in Vietnam.鈥�
VNX chairman, Luong Hai Sinh, adds: 鈥淲e are very pleased to work with Singapore Exchange to share knowledge and experience for bilateral development.
鈥淰ietnam Exchange is committed to working with SGX Group to enhance transparency and efficiency and raise awareness of corporate governance of our capital markets in Vietnam.鈥�
The move aims to foster investment flows and share best practices in regulatory and governance standards.
Signed in front of Vietnam鈥檚 Minister for Finance, Ho Duc Phoc, and Singapore鈥檚 Minister for Transport and Second Minister for Finance, Hong Tat Chee, the MoU marks a milestone as the first collaboration between the two entities focused on this initiative.
According to SGX Group, Vietnam 鈥渟tands out as one of the fastest-growing markets in the region鈥� and has 鈥渕ade significant strides鈥� in developing its equity market and economy in recent years.
Commenting on the news, SGX Group CEO Boon Chye Loh says: 鈥淚ncreasingly, connectivity between markets and exchanges is becoming more important, especially in the financial world. Investors want ease of access while being able to invest with confidence.
鈥淭hat鈥檚 why exchange collaboration is crucial to ensure a more connected and robust marketplace. By leveraging our combined strengths, we hope to facilitate increased market access and liquidity, enabling investors to capitalise on the growth opportunities in Vietnam.鈥�
VNX chairman, Luong Hai Sinh, adds: 鈥淲e are very pleased to work with Singapore Exchange to share knowledge and experience for bilateral development.
鈥淰ietnam Exchange is committed to working with SGX Group to enhance transparency and efficiency and raise awareness of corporate governance of our capital markets in Vietnam.鈥�
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