The Hochiminh Stock Exchange signed a Memorandum of Understanding (MoU)with Deutsche Boerse Group in Frankfurt on Friday.
They want to co-operate in order to facilitate the development of the securities markets in Vietnam and Germany and intend to explore bilateral business opportunities.
As a first step, the parties have agreed to launch training measures inorder to foster the understanding of the financial markets in Vietnam, other Asian regions and Germany. Under the terms of the MoU, the parties will enter into detailed discussions and analyse the business possibilities for example of cross-border trading and listing and creating indices.
“We are very pleased about our partnership with the Hochiminh StockExchange. Our agreement marks an important step in further strengthening the already mutually beneficial relations between the German and Vietnamese capital markets,” says Reto Francioni, CEO, Deutsche Boerse.
“The agreed cooperation between Deutsche Boerse and Hochiminh Stock Exchange will foster the friendly ties between the two exchanges which have been established over the past few years,” says Nguyen Doan Hung, chairman, the Hochiminh Stock Exchange.
Deutsche Boerse Group is currently active in a number of Asian countries. It aims to expand its existing global network and position itself as a partner to market operators in the region.