Vietnam's fledgling stock markets can expect a slew of new listings in the second quarter and companies will also start seeking ways to tap capital markets overseas, a stock exchange official said on Monday.
He said no new listings were reported during the first quarter because companies needed to complete auditing of financial reports and needed approval from shareholders.
"From the middle of the second quarter or late in the quarter many enterprises will list on the Ho Chi Minh City market or the Hanoi market," Tran Van Dung, director of the Hanoi Securities Trading Center, said at a news conference.
Dung was speaking after signing an agreement with Malaysian stock exchange operator Bursa Malaysia Bhd on technological support, information exchange and market supervision and training. Vietnam's main board, the Ho Chi Minh City Securities Trading Center, signed a deal with the Malaysians last May.