Hanoi Securities Trading Center
Encyclopedia
Hanoi Securities Trading Center (Hanoi STC) located in Hanoi
, Vietnam
, was launched in March 2005 and handles auction
s and trading of stock
s and bonds
. It was the second securities trading center to open in Vietnam after to Ho Chi Minh City Securities Trading Center
.
At the end of 2006, combined market capitalization of both Ho Chi Minh City Securities Trading Center
and Hanoi Securities Trading Center is 14 billion USD
, or 22.7% the GDP
of Vietnam
.
Hanoi
Hanoi , is the capital of Vietnam and the country's second largest city. Its population in 2009 was estimated at 2.6 million for urban districts, 6.5 million for the metropolitan jurisdiction. From 1010 until 1802, it was the most important political centre of Vietnam...
, Vietnam
Vietnam
Vietnam – sometimes spelled Viet Nam , officially the Socialist Republic of Vietnam – is the easternmost country on the Indochina Peninsula in Southeast Asia. It is bordered by China to the north, Laos to the northwest, Cambodia to the southwest, and the South China Sea –...
, was launched in March 2005 and handles auction
Auction
An auction is a process of buying and selling goods or services by offering them up for bid, taking bids, and then selling the item to the highest bidder...
s and trading of stock
Stock
The capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors...
s and bonds
Bond (finance)
In finance, a bond is a debt security, in which the authorized issuer owes the holders a debt and, depending on the terms of the bond, is obliged to pay interest to use and/or to repay the principal at a later date, termed maturity...
. It was the second securities trading center to open in Vietnam after to Ho Chi Minh City Securities Trading Center
Ho Chi Minh City Securities Trading Center
Ho Chi Minh City Stock Exchange , located in Ho Chi Minh City, is the largest stock exchange in Vietnam. Established in 2000 as the Ho Chi Minh City Securities Trading Center , it is an administrative agency of the , along with the Hanoi Securities Trading Center. The stock exchange is located at...
.
At the end of 2006, combined market capitalization of both Ho Chi Minh City Securities Trading Center
Ho Chi Minh City Securities Trading Center
Ho Chi Minh City Stock Exchange , located in Ho Chi Minh City, is the largest stock exchange in Vietnam. Established in 2000 as the Ho Chi Minh City Securities Trading Center , it is an administrative agency of the , along with the Hanoi Securities Trading Center. The stock exchange is located at...
and Hanoi Securities Trading Center is 14 billion USD
United States dollar
The United States dollar , also referred to as the American dollar, is the official currency of the United States of America. It is divided into 100 smaller units called cents or pennies....
, or 22.7% the GDP
Gross domestic product
Gross domestic product refers to the market value of all final goods and services produced within a country in a given period. GDP per capita is often considered an indicator of a country's standard of living....
of Vietnam
Vietnam
Vietnam – sometimes spelled Viet Nam , officially the Socialist Republic of Vietnam – is the easternmost country on the Indochina Peninsula in Southeast Asia. It is bordered by China to the north, Laos to the northwest, Cambodia to the southwest, and the South China Sea –...
.