2:56:41 PM | 3/13/2008
The Hanoi Securities Trading Center-listed companies might list their shares on the London Stock Exchange (LSE) under a deal reached between HASTC and LSE in
Under the deal signed by Tran Van Dung, director of HASTC, and Jane Zhu, chief representative of LSE in Asia Pacific, the two sides will work together to allow listed companies to offer cross-listings.
The deal would pave the way for Vietnamese listed firms to gain access to a long-standing financial market as
Zhu of LSE said she pinned high hopes on the fruitful cooperation between the two exchanges, thanks to the dynamic development of HASTC and the experience of LSE.
It is anticipated that overseas listing will become a popular trend for local companies in the future as the country is in the integration process.
However, HASTC analysts said is likely to float shares on the Singapore Stock Exchange in the short term than in
Currently, up to 3,200 companies are listed on the LSE with total market value of $7.76 trillion, including $4.1 trillion from 688 firms coming from 67 countries and territories worldwide.
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Vietnamese
