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Capital Markets

Vietnam: The exchange and the wild shift to retail dominance

From an opening with just two stocks, in a little over two decades Ho Chi Minh City Stock Exchange has risen to a $200 billion market capitalisation.

WORKER APPLIES FINISHING TOUCHES AT STOCK EXCHANGE IN HO CHI MINH CITY.
A worker applies the finishing touches to the trading floor of communist Vietnam's first stock exchange, opening in Ho Chi Minh City in 2000.
Source: Str Old/REUTERS

Euromoney remembers the opening day of the Ho Chi Minh City Stock Exchange, then called the Ho Chi Minh City Securities Trading Center, on July 28, 2000. We were in town for the big moment. There were two stocks and they both hit their trading limits pretty much instantly, whereupon the exchange closed again.

Twenty-one


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