Vietnam Exchange, Singapore Exchange to explore depository receipt linkage

FILE PHOTO: An investor follows stock movements on a screen at the Ho Chi Minh Stock Exchange in 2021. — Vietnam News/ANN

SINGAPORE: The Singapore Exchange and the Vietnam Exchange have signed a memorandum of understanding to strengthen collaboration and jointly explore establishing a depository receipt linkage between the two markets.

Under the agreement, they will jointly assess the framework, operational requirements and market infrastructure needed for a depository receipt linkage. The proposed arrangement would allow investors in each market to gain exposure to selected companies listed on the other exchange through locally traded instruments, the two parties said in a statement on Thursday (Oct 1).

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