Vietnam to launch derivative stock market, targeting more investments
HANOI, May 18 (Xinhua) -- Vietnamese derivative market will start operating on June 2 with the Future Contract of Share Indexes set to launch first, according to the Vietnam State Securities Commission (SSC) on Thursday.
The Government Bond Futures will be introduced later on, reported local Dau tu Chung Khoan (Securities Investment) Thursday.
The Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) has been made the exclusive financial institution to carry out settlements for derivatives trading transactions.
Only Vietnamese entities can become trading members on the derivative stock market, according to prevailing regulations.
After 17 years of operation, the domestic stock market has only stocks, bonds and fund certificates commonly traded. The establishment of derivatives market is expected to provide modern products for investors and boost the local market toward greater development.[ Editor: Xueying ]