KRX trading system expected to come online in mid 2025
The Korean Exchange (KRX) trading system is expected to be operational this May or June, following a testing phase, the State Securities Commission (SSC) has said.
To facilitate foreign investor participation and advance Vietnam’s stock market upgrade, the SSC will continue implementing key measures in 2025. Recent efforts include legal amendments and coordination with relevant ministries to align with international market classification criteria.
Vietnam has engaged in discussions with global financial institutions, including MSCI, FTSE Russell, and the World Bank, receiving positive feedback on its reform progress. One major initiative is the implementation of Circular No. 68/2024/TT-BTC, amending disclosure requirements for foreign institutional investors. Adjustments are being considered based on recommendations from FTSE Russell.
Challenges remain in pre-funding requirements and the handling of trade failure. The SSC has been working with securities firms to standardise practices, ensuring market consistency.
Further modernisation efforts include the development of an electronic communication platform between securities firms and custodian banks, set to be launched this month. A new omnibus trading account framework is also under review to simplify transactions for foreign institutional investors.
Besides, the SSC will amend Circular 120/2020/TT-BTC by August to regulate omnibus accounts and refine trade allocation procedures. The market is also preparing for a central counterparty (CCP) clearing mechanism, slated for implementation in 2026.
To support market upgrades, the SSC is establishing a policy dialogue group comprising regulators, investment funds, and securities firms to address foreign investor concerns. Meanwhile, the State Bank of Vietnam is revising regulations to streamline the opening of foreign capital accounts, with expected completion in March 2025.
These initiatives reflect Vietnam’s commitment to enhancing market transparency, efficiency, and international integration.
Stock market gears up for a new era
The stock market has experienced a significant transformation, marked by an increase in the number of listed companies, market capitalisation and trading value.
