Project to assist the establishment of a stock exchange in Vietnam
Korea contributed a total of US$1.2 million, covering a 7 year-period (96-02), to the Vietnamese government to set up a stock exchange. Assistance came in the form of the human resource training needed for building various systems related to the stock exchange and managing the stock market. The project, implemented by KOICA, made a significant contribution to building Vietnam’s stock market system, to the country’s successful entry into the market economy, and to promoting economic exchange by facilitating mutual exchanges between securities and financial businesses, and between participants and investors from both countries. Assisted by the project, the Hochimin Stock Exchange and the Hanoi Stock Exchange are now in operation.