MARKET INFORMATION
HOCHIMINH Stock Exchange (HOSE)
www.hsx.vn

Trading Hours

Opening auction

09:00 – 09:15

Continuous Trading

09:15 – 11:30

Lunch Break

11:30 – 13:00

Continuous Trading

13:00 – 14:30

Closing auction

14:30 – 14:45

Put-through market

09:00 - 15:00 (except lunch break)

Time Zone

GMT+7

Trading Days

Monday – Friday

Trading Currency

Vietnamese Dong (VND)

Main Index

Index name 

Vietnam Ho Chi Minh Stock Index

Reuters code

VNI

Bloomberg code

VNINDEX

Exchange Code

Reuters

HM

Bloomberg

VM

Trading ID/ Trading

Requirement

1) Stock Trading Code (STC)
2) There are 02 mechanisms
i)Prefunding: Pre-check availability of funds /securities;
ii) Non pre-funding (NPF): to buy stock without having to pre-fund the full amount of the purchase (see Market Regulations page for more details)

3) Local custody details

4) Local broker authorization to act on behalf of the investor

Settlement Cycle

T+2 after the market closes

Current Index Status

MSCI FM
FTSE FM but under review for EM upgrade

Market Cap

$292.7bn
Average Daily Value Traded
YearAVG VALUE TRADED

2023

$620m

2024

$775m

2025

$1.1b
MARKET DYNAMICS
Stock Limit
Up/Down
+/-7% from previous close

+/-20%  on first trading day or after 25 days of trade suspension

Tick
Size
VND 10 - VND 10,000 - VND 10

VND 10,000 - 49,950 - VND 50

VND 50,000 and greater - VND 100

Board
Lot
100 shares on Regular Board. 

Odd lot board available.
Crosses
Allowed except on 1st trading days where put-through transactions are not allowed for stocks, closed-end fund certificates, ETF certificates, warrants.

Off- Market
Crosses
Minimum 20k shares per ID within the limit up/down price on the day.
Official
Closing Price
Auction price or last trade if no matching in the auction.
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.
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.
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.
Timeline for New NIN Setup
4 weeks
Non Prefunding (NPF)

Applies to foreign entities established outside of Vietnam

Applies to stock only, not for closed end fund certificates, ETF certificates, warrants, bonds

Allows foreign institutional investors (FIIs) to buy shares without having to pre-fund the full amount of the purchase

Trading limit and eligible NPF stock list will be subject to specific local broker's policy

Client is required to 1) instruct cash and 2) instruct for settlement for NPF trade before 16:00 GMT+7 on T+1  and no later than 9:30 AM GMT+7 on T+2

Failed trade: the trade is considered failed trade when client doesn't have sufficient fund in place at 9:30 GMT+7 on T+2,  then the settlement obligation for the failed transaction shall be transferred to the local broker where the client placed the order

Disclosure: On T+3, client failed to buy back/cross back the failed trade, local broker is regulated to publicly disclose full detail of failed trade

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