The Hanoi Stock Exchange (HNX) was established in accordance with the Decision No.01/2009/QĐ-TTg by Prime Minister on the basis of transforming and restructuring Hanoi Securities Trading Center which was established upon Decision No. 127/1998/QĐ-TTg and came into operation on 08/03/2005. On 24/06/2009, the HNX was inaugurated as a State-owned single-member limited liability company owned by the Ministry of Finance as the representative.
As an organizer and regulator of the securities market, the HNX has made considerable contribution to the development of securities market as a whole, supporting the aim of the country’s economic growth. The HNX has organized share auction, Government Bond bidding positively and efficiently, and has operated markets including Listed stock market, Government Bond market, Unlisted Public Company market (UPCoM) and Derivatives market.
March 8, 2005: Hanoi Securities Trading Center (HASTC), which is the predecessor of Hanoi Stock Exchange, officially opened its operations, organized stock auctions, and opened the program of equitization of state-owned enterprises through Stock Exchanges.
July 14, 2005: Inaugurated and operated the listed securities trading market at HASTC. HASTC built and developed the trading system in coordination with domestic contractors. Initially, the only trading method applied was negotiation, representatives of securities companies directly enter investors' trading orders into the trading system.
November 2, 2005: Added continuous order matching method that is initially called central quotation method on the listed stock market, in parallel with the negotiation method, to facilitate investors in transactions and improve market liquidity.
July 14, 2005: Inaugurated and operated the listed securities trading market at HASTC. HASTC built and developed the trading system in coordination with domestic contractors. Initially, the only trading method applied was negotiation, representatives of securities companies directly enter investors' trading orders into the trading system.
November 2, 2005: Added continuous order matching method that is initially called central quotation method on the listed stock market, in parallel with the negotiation method, to facilitate investors in transactions and improve market liquidity.
July 1, 2006: Inaugurated the bidding system at the Hanoi Securities Trading Center, and implemented Decision No. 2276/QD-BTC dated June 20, 2006 of the Ministry of Finance on centralizing government bond bidding at the Hanoi Securities Trading Center. Accordingly, the Hanoi Securities Trading Center is the only unit assigned to organize government bond bidding in Vietnam.
February 13, 2007: Applying the two-level auction model instead of the previous one-level model. Accordingly, the Hanoi Securities Trading Center presides over the auction activities, is responsible for entering orders at the auction floor, and determines the auction results; securities companies act as auction agents, are responsible for directly receiving registrations, deposits, collecting payments when buying winning shares from investors and reporting to the Hanoi Securities Trading Center.
October 30, 2008: Operated the remote trading system, allowed securities companies to connect directly to the trading system server of the Hanoi Securities Trading Center to enter trading orders for investors from the securities company.
June 24, 2009: Hanoi Stock Exchange launched, officially operating under the model of a State-owned single-member limited liability company, on the basis of reorganizing the Hanoi Securities Trading Center according to Decision No. 01/2009/QD-TTg dated January 2, 2009 of the Prime Minister on the establishment of the Hanoi Stock Exchange.
June 24, 2009: Inaugurated the operation of the unlisted public company market (UPCoM).
September 24, 2009: Launched a specialized Government bond trading system, separated the Government Bond trading system from the stock trading system, and meet the specific requirements of Government Bond trading.
June 24, 2009: Inaugurated the operation of the unlisted public company market (UPCoM).
September 24, 2009: Launched a specialized Government bond trading system, separated the Government Bond trading system from the stock trading system, and meet the specific requirements of Government Bond trading.
February 8, 2010: Applied online trading technology in the listed stock trading market, investors' trading orders are transferred directly to the Hanoi Stock Exchange system through the securities company's server, shortening the process of receiving orders, processing and confirming investors' transactions that ensures stability, data security, avoids confusion, and minimizes errors in the order entry process.
November 29, 2010: Applied online trading in the UPCoM being similar to that applied to the listed stock market.
November 29, 2010: Applied online trading in the UPCoM being similar to that applied to the listed stock market.
March 26, 2012: Implemented odd-lot trading (1-99 shares) on the Hanoi Stock Exchange's listed securities trading system in the form of negotiation, creating a new trading channel for investors who want to trade odd-lot shares besides direct trading at securities companies.
May 8, 2012: Implemented the corporate information management system (CIMS) for listed organizations, whereby listed organizations can access the internet to submit reports and to-be-published information to the Hanoi Stock Exchange instead of sending hard copies.
August 6, 2012: Applied the electronic bond bidding system, allowing bidding members to remotely enter bids, edit/cancel bids according to market condition, receive instant online bidding results that helps to shorten the bidding review time, determine bidding results and connect management agencies, issuing organizations, market organizations with all Government bond bidding members.
August 24, 2012: Launched the Treasury bill trading system. For the first time after more than 17 years of issuance, Treasury bills were put into trading on the market that contributes to creating liquidity for bills, while demonstrating the connection of short-term and long-term instruments of Government bonds.
May 8, 2012: Implemented the corporate information management system (CIMS) for listed organizations, whereby listed organizations can access the internet to submit reports and to-be-published information to the Hanoi Stock Exchange instead of sending hard copies.
August 6, 2012: Applied the electronic bond bidding system, allowing bidding members to remotely enter bids, edit/cancel bids according to market condition, receive instant online bidding results that helps to shorten the bidding review time, determine bidding results and connect management agencies, issuing organizations, market organizations with all Government bond bidding members.
August 24, 2012: Launched the Treasury bill trading system. For the first time after more than 17 years of issuance, Treasury bills were put into trading on the market that contributes to creating liquidity for bills, while demonstrating the connection of short-term and long-term instruments of Government bonds.
March 18, 2013: Launched the bond yield curve, which is an important indicator tool in the Government bond market, contributing to promoting information transparency and forming a mechanism for market makers, supporting the development products on the bond market.
July 29, 2013: Officially put into operation the stock trading system version 5 (Core I5), marking the development of technology and the ability to master the system of the Hanoi Stock Exchange. With the order matching mechanism on the cache memory, the processing capacity of the system has increased as follow: at the same time the processing speed can reach from 15,000 to 20,000 orders/second, the system capacity can reach from 20 to 30 million orders/session.
August 16, 2013: For the first time, the program to evaluate the quality of corporate governance for listed enterprises was organized by Hanoi Stock Exchange with the desire to promote and raise awareness of listed enterprises about information disclosure and transparency, ensuring the provision of information in a timely manner to all shareholders. This also raises investors' awareness of their rights in the enterprise, towards the long-term interests of the company and contributes more to the economy and society.
July 29, 2013: Officially put into operation the stock trading system version 5 (Core I5), marking the development of technology and the ability to master the system of the Hanoi Stock Exchange. With the order matching mechanism on the cache memory, the processing capacity of the system has increased as follow: at the same time the processing speed can reach from 15,000 to 20,000 orders/second, the system capacity can reach from 20 to 30 million orders/session.
August 16, 2013: For the first time, the program to evaluate the quality of corporate governance for listed enterprises was organized by Hanoi Stock Exchange with the desire to promote and raise awareness of listed enterprises about information disclosure and transparency, ensuring the provision of information in a timely manner to all shareholders. This also raises investors' awareness of their rights in the enterprise, towards the long-term interests of the company and contributes more to the economy and society.
June 24, 2014: Opening of the Hanoi Stock Exchange’s Investor Corner with the desire to be a direct connection channel between management agencies, market members, enterprises and investors.
December 29, 2014: The first exchange-traded fund (ETF) certificate was officially listed on the Hanoi Stock Exchange. This was the ETF certificate of SSI Fund Management Company Limited (stock code E1SSHN30) that meets the diverse needs of investors and helps to unlock capital sources in the stock market.
December 29, 2014: The first exchange-traded fund (ETF) certificate was officially listed on the Hanoi Stock Exchange. This was the ETF certificate of SSI Fund Management Company Limited (stock code E1SSHN30) that meets the diverse needs of investors and helps to unlock capital sources in the stock market.
June 26, 2015: Officially operated the online Government bond trading system (E-BTS).
March 3, 2016: Launched the Hanoi Stock Exchange Facebook page with the expectation of becoming a fast information channel with high interaction in the style of close and friendly, getting feedback on the activities of the Hanoi Stock Exchange, connecting domestic and foreign investment communities.
October 24, 2016: Officially operate the general index of the Vietnam stock market - VNX Allshare, representing more than 95% of the capitalization value and 97% of the trading value of listed stocks on the market. This is the effort of the 2 Stock Exchanges as well as the State Securities Commission in transparency, creating trust for investors, aiming at the goal of sustainable growth of the Vietnam market. In the first period, VNX Allshare had 388 shares, of which 180 shares were from the Hanoi Stock Exchange.
October 24, 2016: Officially operate the general index of the Vietnam stock market - VNX Allshare, representing more than 95% of the capitalization value and 97% of the trading value of listed stocks on the market. This is the effort of the 2 Stock Exchanges as well as the State Securities Commission in transparency, creating trust for investors, aiming at the goal of sustainable growth of the Vietnam market. In the first period, VNX Allshare had 388 shares, of which 180 shares were from the Hanoi Stock Exchange.
August 10, 2017: Launched the derivatives market that marks a new development in the process of perfecting the structure of the stock market and the financial market in Vietnam, helping investors to have more tools to hedge risks for the underlying securities portfolio, promoting liquidity in the underlying market, contributing to improving the investor base, attracting more foreign investors, especially institutional ones.
October 25, 2017: Launched the trading of Sanest Khanh Hoa Beverage Company Limited’s shares. This is the first enterprise linking the auction of equitization of state-owned enterprises with registration for trading on the UPCoM according to Circular 115/2016/TT-BTC dated June 30, 2016 of the Ministry of Finance amending and supplementing a number of articles of Circular No. 196/2011/TT-BTC dated December 26, 2011 of the Ministry of Finance guiding the initial sale of shares and the management and use of proceeds from the equitization of 100% state-owned enterprises converting into joint stock companies. Shares being traded on UPCoM within just over 1 month from the auction date even when the company has not completed the process of converting into a joint stock company.
October 25, 2017: Launched the trading of Sanest Khanh Hoa Beverage Company Limited’s shares. This is the first enterprise linking the auction of equitization of state-owned enterprises with registration for trading on the UPCoM according to Circular 115/2016/TT-BTC dated June 30, 2016 of the Ministry of Finance amending and supplementing a number of articles of Circular No. 196/2011/TT-BTC dated December 26, 2011 of the Ministry of Finance guiding the initial sale of shares and the management and use of proceeds from the equitization of 100% state-owned enterprises converting into joint stock companies. Shares being traded on UPCoM within just over 1 month from the auction date even when the company has not completed the process of converting into a joint stock company.
October 27, 2018: Implemented a program to assess the quality of information disclosure & transparency for large-scale public enterprises on UPCoM after 5 years of implementation for listed enterprises in order to encourage UPCoM enterprises to continually improve and enhance the quality of information disclosure & transparency, access and implement advanced corporate governance practices, gradually moving towards international standards and best practices in corporate governance.
November 5, 2018: Applied additional post-order-matching sessions (from 14:45 - 15:00 with only PLO orders) to improve the market liquidity, while increasing trading opportunities for investors at the end of the trading day.
November 5, 2018: Applied additional post-order-matching sessions (from 14:45 - 15:00 with only PLO orders) to improve the market liquidity, while increasing trading opportunities for investors at the end of the trading day.
July 04, 2019: Launched the 5-year government bond futures contract product for trading on the derivatives market.
December 2020: Launched the Chuyên trang thông tin trái phiếu doanh nghiệp riêng lẻ (tentative translation: Privately Issued Corporate Bonds Information Portal) at https://cbonds.hnx.vn/ to publish information on privately issued corporate bonds in accordance with Decree 163/2018/ND-CP dated December 4, 2018 of the Government regulating the issuance of corporate bonds.
June 28, 2021: Officially launched the 10-year government bond futures contract product for trading on the derivatives market.
July 13, 2021: Successfully organized the auction to buyback Government bonds with terms of the State Treasury. This is the first time the State Treasury has become an investor in the debt instrument market being able to buy back government bonds on the secondary market issued by the organization itself, contributing to improving market competitiveness, promoting transactions, supporting liquidity for market members and helping the management for the State budget become more effective.
August 6, 2021: The Hanoi Stock Exchange officially converted its operating model according to Decision No. 37/2020/QD-TTg dated December 23, 2020 of the Prime Minister on the establishment of the Vietnam Exchange, and Decision No. 01/QD-HDTV dated June 30, 2021 of the Vietnam Exchange on the establishment of Hanoi Stock Exchange as a subsidiary of the Vietnam Exchange. The Hanoi Stock Exchange changed its owner; not change the business lines, tax codes, head office addresses, etc. and has been inheritting the legal rights and obligations of the Hanoi Stock Exchange after converting its operations to a new model according to the Government's policy.
October 27, 2021: Officially applied the additional multi-price bidding method in bidding for Government bonds in order to increase the efficiency of capital mobilization for the State budget, contributing to lowering bidding interest rates.
July 13, 2021: Successfully organized the auction to buyback Government bonds with terms of the State Treasury. This is the first time the State Treasury has become an investor in the debt instrument market being able to buy back government bonds on the secondary market issued by the organization itself, contributing to improving market competitiveness, promoting transactions, supporting liquidity for market members and helping the management for the State budget become more effective.
August 6, 2021: The Hanoi Stock Exchange officially converted its operating model according to Decision No. 37/2020/QD-TTg dated December 23, 2020 of the Prime Minister on the establishment of the Vietnam Exchange, and Decision No. 01/QD-HDTV dated June 30, 2021 of the Vietnam Exchange on the establishment of Hanoi Stock Exchange as a subsidiary of the Vietnam Exchange. The Hanoi Stock Exchange changed its owner; not change the business lines, tax codes, head office addresses, etc. and has been inheritting the legal rights and obligations of the Hanoi Stock Exchange after converting its operations to a new model according to the Government's policy.
October 27, 2021: Officially applied the additional multi-price bidding method in bidding for Government bonds in order to increase the efficiency of capital mobilization for the State budget, contributing to lowering bidding interest rates.
December 31, 2022: The Hanoi Stock Exchange completed receiving listed corporate bonds from the Ho Chi Minh City Stock Exchange according to the provisions of Circular 57/2021/TT-BTC dated July 12, 2021 of the Ministry of Finance on the roadmap for rearranging the stock trading market, bond trading market, derivatives market and trading market of other types of securities, unifying the organization of the bond trading market according to the provisions of the Law on Securities and guiding documents
2023: Upgraded the Privately Issued Corporate Bonds Information Portal to meet the regulations under Decree No. 65/2022/ND-CP and Circular No. 30/2023/TT-BTC
July 19, 2023: Officially launched the privately issued corporate bonds trading system at the Hanoi Stock Exchange that marks an important development of the market. For the first time, privately issued corporate bonds are centrally managed at the Stock Exchange leading to develop a healthy, stable, efficient and transparent private corporate bond market
July 19, 2023: Officially launched the privately issued corporate bonds trading system at the Hanoi Stock Exchange that marks an important development of the market. For the first time, privately issued corporate bonds are centrally managed at the Stock Exchange leading to develop a healthy, stable, efficient and transparent private corporate bond market
February 2024: Put into operation the upgraded Government bond trading system, added the function of repurchasing debt instruments according to the Circular amending and supplementing Circular No. 107/2020/TT-BTC dated December 21, 2020 of the Ministry of Finance on guidelines on term of Government bonds using temporarily idle state funds of the State Treasury
