Vietnam Securities will put into operation new technology system on May 5.

The new information technology system is expected to attract more investment capital for trading on the Vietnamese stock exchange - Photo: BONG MAI

The information technology system contracted by Korea is expected to be put into operation on May 5.

On the afternoon of April 2, according to information from the Ho Chi Minh City Stock Exchange (HoSE), the information technology system for the Vietnamese stock market is expected to officially operate on May 5.

To ensure the safe and smooth conversion and operation of the system, the Department has decided to change the effective date of the VNX-Index, VN Diamond, and VNFin Select indexes for the April 2025 period from May 5, 2025 to April 28, 2025.

At the same time, change the effective date of updating the free-float ratio, circulating volume and capitalization ratio limit of the HoSE-Index, VNSI, and VNFin Lead indexes with the same time as above.

Since 2012, HoSE has signed an information technology service contract with the Korea Stock Exchange (KRX) to implement the "Design, solution, supply, installation and transfer of information technology systems" package worth more than VND 600 billion, with a term of 5 years.

However, implementation was delayed and has not been officially put into operation for more than a decade.

During the COVID-19 pandemic, investors rushed into the stock market, causing the capacity of the old information technology system to be unable to meet the demand, resulting in a constant "order congestion" situation. FPT then had to step in to support and maintain it until now.

If the information technology system contracted by KRX is officially put into operation on May 5, it will bring about a significant "transformation" in the Vietnamese stock market, allowing investors to trade odd lots on a separate board, with the right to buy and sell stocks within the day (T+0)...

A series of other features also open up more opportunities for domestic and foreign investors. This helps the cash flow of transactions on the stock exchange to be more vibrant.

Towards upgrading Vietnam's stock market

Recently, the State Securities Commission (SSC) said it has proposed amending and supplementing legal documents, and actively coordinated with relevant ministries and branches to resolutely implement solutions, in order to gradually meet the criteria of market rating organizations towards the goal of upgrading the Vietnamese stock market from frontier to emerging.

The Ministry of Finance and the SSC have organized many working sessions, exchanges and dialogues with international financial and rating organizations such as the World Bank (WB), MSCI, FTSE Russell, the Association of Global Depositories (AGC), and the Asian Securities and Financial Markets Association (ASIFMA). These organizations all highly appreciate Vietnam's reform efforts.

In order to facilitate foreign investors' trading activities in Vietnam, aiming to upgrade the stock market, SSC continues to promote the implementation of many tasks in 2025. In which, operating the KRX information technology system is one of the top important tasks.

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Source: https://tuoitre.vn/chung-khoan-viet-se-dua-vao-hoat-dong-he-thong-cong-nghe-moi-vao-ngay-5-5-2025040216385411.htm