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The Ho Chi Minh Stock Exchange (HoSE) has urged securities companies to finalize their data records from February 28, 2025, as part of preparations for testing the long-anticipated KRX trading system. Developed in collaboration with the Korea Exchange (KRX), this advanced platform aims to modernize Vietnam’s securities market by enhancing trading and settlement capabilities. While HoSE spearheads the project, other key players, including the Hanoi Stock Exchange (HNX) and the Vietnam Securities Depository and Clearing Corporation (VSDC), are also set to benefit from the system’s implementation.
Initially approved in 2012, the project has experienced multiple delays despite its potential to introduce major improvements, such as same-day trading, short selling, and a central counterparty clearing (CCP) mechanism. Although system transition drills were conducted in early 2024, regulatory concerns led the State Securities Commission (SSC) to delay the original May 2024 launch. As the market looks ahead to 2025, authorities have reaffirmed their commitment to putting the KRX system into operation while also planning further advancements in trading infrastructure.
Following rigorous testing and regulatory checks, HoSE is now in the final stages of launching the system. At the stock market’s Lunar New Year opening ceremony, HoSE’s acting chairwoman, Nguyen Viet Ha, assured stakeholders that the KRX platform had met legal security standards and undergone market-wide trials. With momentum building, investors and market participants eagerly anticipate the system’s long-awaited debut, which is expected to bring Vietnam’s stock market closer to global standards.
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(Source: The Investor)
