HCMC – The Hochiminh Stock Exchange (HOSE) has announced that the new information technology system for Vietnam’s stock market, known as the KRX system, is scheduled to go live on May 5.
The planned start date coincides with the effective date of updates for certain stock indices in April 2025. To ensure a smooth transition, HOSE will adjust the effective date of several index revisions, including VNX-Index, VN DIAMOND, and VNFINSELECT, from May 5 to April 28.
In addition, the effective date for updating free float ratios, outstanding volumes, and market cap weight limits for the HOSE-Index, VNSI, and VNFIN LEAD indices has also been moved to April 28.
HOSE has been running tests on the KRX system from March 17 to April 11. During these tests, stock brokerages are conducting trading sessions as if on a normal business day. HOSE has also released details on upcoming regulatory changes that will accompany the new system.
Nguyen Viet Ha, acting chairwoman of HOSE, said that the new system would be rolled out this year to introduce additional products and services, and to enhance the market’s capacity for future growth once Vietnam’s stock market is upgraded.
The KRX system, developed by the Korea Exchange, has been in the works since 2012. Along with HOSE, the Hanoi Stock Exchange (HNX) and the Vietnam Securities Depository (VSD) are also beneficiaries of the new platform, which aims to modernize the nation’s trading technology and infrastructure.
