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Vietnam-Upcom
MARKET
INFORMATION
Unlisted Public Company Market (UPCoM) Exchange (Part of the HNX)
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Trading Hours |
Continuous Trading /Crosses |
09:00 – 11:30 |
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Lunch Break |
11:30 – 13:00 |
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Continuous Trading /Crosses |
13:00 – 15:00 (no auction) |
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Time Zone |
GMT+7 |
Trading Days |
Monday – Friday |
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Trading Currency |
Vietnamese Dong (VND) |
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Main Index |
Index name |
Hanoi UPCoM Index |
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Reuters code |
UPCOMI |
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Bloomberg code |
VHUINDEX |
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Exchange Code |
Reuters |
HNO |
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Bloomberg |
VU |
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Trading ID/ Trading Requirement |
1) Stock Trading Code (STC) |
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2) Pre-check availability of funds /securities |
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3) Local custody details |
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4) Local broker authorization to act on behalf of the investor |
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Settlement Cycle |
T+2 after the market closes |
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Current Index Status |
MSCI FM - FTSE FM |
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Market Cap |
$44.4bn |
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Average Daily Value Traded
| Year | AVG VALUE TRADED |
|---|---|
|
2021 |
$74mn |
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2022 |
$46mn |
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2023 |
$30mn |
MARKET
DYNAMICS
Stock Limit
Up/Down
Up/Down
+/-15% from previous close
+/-40% on first trading day or after 25 days of trade suspension
Tick
Size
Size
Regular board
VND 100
Put through board
VND 1
VND 100
Put through board
VND 1
Board
Lot
Lot
Regular board 100 shares
Odd lot board available
Odd lot board available
Official
Closing Price
Closing Price
Last traded price
Off- Market
Crosses
Crosses
Available with specific requirement. Details upon request.
Official new
Reference Price
Reference Price
Weighted average of trading prices executed by continuous order matching method of the latest trading day.
Crosses
Allowed within stock limit up/down. Put-throughs not allowed on 1st day of trading.
MARKET
REGULATIONS
Foreign Ownership Restriction
Foreigners are permitted to own up to 30% of banking stocks and can hold up
to 100% of all listed non-banking stocks depending on the regulations of the
sector and the company.
to 100% of all listed non-banking stocks depending on the regulations of the
sector and the company.
Disclosure Rules
At the ownership of 5% or more of the voting shares of a listed company,
including the amounts held by affiliated persons, a disclosure is required within
seven calendar days of the date of the transaction. The same procedure
applies if an investor is reducing his 5% stake in a listed company. Investors are
solely responsible for all disclosures.
including the amounts held by affiliated persons, a disclosure is required within
seven calendar days of the date of the transaction. The same procedure
applies if an investor is reducing his 5% stake in a listed company. Investors are
solely responsible for all disclosures.
Securities Lending
not permitted
Short selling
not permitted
Crossing Restrictions
Trading volumes of put-through transactions: From 20,000 shares, closed-end
fund certificates, ETFs and above. There is no regulation on trading unit.
fund certificates, ETFs and above. There is no regulation on trading unit.
Timeline for New NIN Setup
4 weeks
MARKET
FEES & TAXES
| Market Fees | 3 bps on the buy 13 bps on the sell |
| Withholding Dividend Tax | 5% collected at source by the local custodian |
| Capital Gains Tax | None |