31/08/2007 LONDON STOCK EXCHANGE AND HO CHI MINH STOCK EXCHANGE SIGN MEMORANDUM OF UNDERSTANDING
31 August 2007
LONDON STOCK EXCHANGE AND HO CHI MINH STOCK EXCHANGE SIGN MEMORANDUM OF UNDERSTANDING
The London Stock Exchange and the Ho Chi Minh Stock Exchange today signed a Memorandum of Understanding to formalise their existing strong ties. This morning, to mark the signing of the Memorandum, the CEO of the Ho Chi Minh Stock Exchange, Dr. Tran Dac Sinh, opened trading at the London Stock Exchange.
The agreement will provide a mechanism of long term co-operation and foster the development of channels of communication and a continuing relationship between the London Stock Exchange and the Ho Chi Minh Stock Exchange. The ties the Memorandum establishes are expected to help an increasing number of Vietnamese companies raise money on the London Stock Exchange.
Commenting on the agreement, Martin Graham, Director of Markets at the London Stock Exchange, said:
“I am delighted to sign this Memorandum with the Ho Chi Minh Stock Exchange. During the last few years, the London Stock Exchange has attracted a number of ambitious Vietnamese companies looking to expand their businesses internationally. When I visited Vietnam earlier this year I saw, at first hand, Vietnam’s great potential. I believe that this agreement can help unlock this promise, benefiting both exchanges and the Vietnamese companies we look to serve”.