HNX officially stops accepting new stock listings.

This decision is part of a roadmap to restructure the stock market, bond market, derivatives market, and markets for other types of securities.

The Ho Chi Minh City Stock Exchange (HoSE) has just announced the implementation of Circular No. 69/2023/TT-BTC dated November 15, 2023, on the arrangement and classification of markets at stock exchanges.

Based on Decree No. 155/2020/ND-CP dated December 31, 2020, detailing the implementation of several articles of the Securities Law; Based on Circular No. 69/2023/TT-BTC dated November 15, 2023, amending and supplementing several articles of Circular No. 57/2021/TT-BTC dated July 12, 2021, of the Minister of Finance, stipulating the roadmap for restructuring the stock market, bond market, derivatives market, and other securities markets; Based on the directives of the State Securities Commission and the Vietnam Stock Exchange regarding the restructuring and classification of markets at the Stock Exchanges; Regarding the process of receiving and reviewing applications for listing and trading of shares: Stock exchanges shall implement the provisions of Clauses 2, 3, and 4 of Article 1 of Circular No. 69/2023/TT-BTC.

Specifically, from July 1, 2025, HoSE will receive and review applications for listing and trading of new shares from organizations that meet the listing conditions stipulated in Decree 155/2020/ND-CP.  

From July 1, 2025, the Hanoi Stock Exchange (HNX) will no longer accept applications for new stock listings from organizations.  

In cases where an organization has submitted a stock listing application to HNX before July 1, 2025, but has not yet been approved, HNX is responsible for transferring the organization's listing application to HoSE before July 8, 2025, so that HoSE can continue processing the organization's listing application in accordance with the law.  

Previously, Decision No. 37/2020/QD-TTg of the Prime Minister on the establishment, organization and operation of the Vietnam Stock Exchange (VNX) clearly defined the role of stock exchanges.

According to the Decision , HNX is responsible for organizing and operating the derivatives trading market, the bond trading market, and the trading market for other types of securities as prescribed by law. HoSE will organize and operate the stock trading market and the trading market for other types of securities as prescribed by law.

Circular No. 69/2023/TT-BTC dated November 15, 2023, amending and supplementing a number of articles of Circular No. 57/2021/TT-BTC dated July 12, 2021, of the Minister of Finance, also clearly states that by December 31, 2025 at the latest, HoSE must complete the transfer of shares of listed organizations from HNX, and by December 31, 2026 at the latest, HoSE must complete the transfer of shares of organizations registered for trading from HNX.

Source: https://baodautu.vn/hnx-chinh-thuc-dung-tiep-nhan-niem-yet-co-phieu-moi-d322265.html