HNX officially stops accepting new stock listings

This decision is part of the roadmap to reorganize the stock trading market, bond trading market, derivatives trading market and other securities trading markets.

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.

Pursuant to Decree No. 155/2020/ND-CP dated December 31, 2020 detailing the implementation of a number of articles of the Law on Securities; Pursuant to 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 stipulating the roadmap for rearranging the stock trading market, bond trading market, derivatives trading market and trading markets of other types of securities; Pursuant to the direction of the State Securities Commission and the Vietnam Stock Exchange on arranging and classifying markets at the Stock Exchanges; Regarding the work of receiving and reviewing registration dossiers for listing and organizing stock trading: Stock exchanges shall implement the provisions in Clause 2, Clause 3, Clause 4, Article 1 of Circular No. 69/2023/TT-BTC.

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

From July 1, 2025, Hanoi Stock Exchange (HNX) will not accept new stock listing registration applications from organizations.  

In case an organization has submitted a stock listing registration dossier to HNX before July 1, 2025 but has not been approved for listing, HNX is responsible for transferring the organization's listing registration dossier to HoSE before July 8, 2025 so that HoSE can continue to process the organization's listing registration dossier 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 stated the role of stock exchanges.

According to the Decision , HNX is responsible for organizing and operating the derivatives market, bond market and other securities market in accordance with the law. HoSE will organize and operate the stock market and other securities market in accordance with the 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 receipt of shares of listed organizations from HNX and by December 31, 2026 at the latest, HoSE must complete the receipt 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