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 years later the exchange has a market capitalisation of $200 billion, equivalent to about 77% of GDP and hosts 750 companies.
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