HaSTC: A propulsion for equitization
07:20 | 20/03/2008
VNGOP – After three years since its founding, the Hà Nội Security Trading Center (HaSTC) has helped to speed up the transparent and market-oriented equitzation, stated Standing Deputy PM Nguyễn Sinh Hùng.

Deputy PM Nguyễn Sinh Hùng awards the Third-grade Labor Medal to HaSTC – Photo: VNGOP

At the 3rd anniversary of HaSTC, Deputy PM Nguyễn Sinh Hùng highly valued the performance of HaSTC over the past time.

Coming into operation since March 8, 2005, HaSTC’s initial capital of VND 2 trillion was raised to VND 130.7 trillion by December 2007 (equivalent to 13% GDP). The transaction scale also sharply increased from VND 3.7 billion/session (2005) to nearly VND 260 billion on average (2007).

HaSTC has formed a fast-growing market of governmental bonds. The number of listed bonds grew from 7 in 2005 to 177 last year, totally worth of over VND 70 trillion. In the second quarter of 2008, HaSTC will put a new bond market into operation.

HaSTC has also greatly contributed to the equitization of enterprises. By late 2007, it organized 121 auctions, earning over VND 24.6 trillion, including a surplus of VND 12 trillion.

By Nguyên Phương

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