The Hochiminh Stock Exchange has signed a Memorandum of Understanding (MoU) with Deutsche Börse Group on Friday in Frankfurt.
The partners want to co-operate in order to facilitate the development of the securities markets in Vietnam and Germany and will explore bilateral business opportunities.
As a first step, the parties have agreed to launch training measures in order to foster the understanding of the financial markets in Vietnam, other Asian regions and Germany. Under the terms of the MoU, the parties will enter into detailed discussions and analyze the business possibilities for example of cross-border trading and listing and creating indices.
"We are very pleased about our partnership with the Hochiminh Stock Exchange. Our agreement marks an important step in further strengthening the already mutually beneficial relations between the German and Vietnamese capital markets", said Reto Francioni, Chief Executive Officer of Deutsche Börse.
"The agreed cooperation between Deutsche Börse and Hochiminh Stock Exchange will foster the friendly ties between the two exchanges which have been established over the past few years," said Nguyen Doan Hung, chairman of the Hochiminh Stock Exchange.
Deutsche Börse Group is currently active in a number of Asian countries. It aims to expand its existing global network and position itself as a partner to market operators in the region.