Vietnam consolidates stock market as HNX-listed companies move to HoSE

Vietnam is moving ahead with a major stock market restructuring that will see securities listed on the Hanoi Stock Exchange (HNX) migrate to the Ho Chi Minh City Stock Exchange (HoSE), marking the final phase of a long-planned consolidation. The transferred stocks will begin trading on HoSE on December 28, bringing approximately 300 listed companies onto a unified exchange. The consolidation aims to streamline Vietnam's equity market infrastructure and enhance liquidity by concentrating all domestic listed securities on a single platform. Market analysts expect the move to improve transparency and operational efficiency across the Vietnamese stock market. The reorganization follows similar market unification efforts in other regional financial centers and reflects Vietnam's efforts to strengthen its capital market competitiveness. Vietnamese securities regulators have emphasized that investors should only use official trading channels and verified brokers during the transition period. Authorities have cautioned traders against fraudulent schemes involving counterfeit licenses and falsified contracts, warning that such scams have circulated amid the market restructuring process.