Ho Chi Minh City Stock Exchange (HOSE) has just announced that, according to the approved implementation plan, the information technology system (KRX) for the Vietnam Stock Market will operate expected on 5.5.2025, coinciding with the validity date of the April 4, 2025. Therefore, to ensure the conversion and operation of the system are safe and smooth; Pursuant to Clause 2.3, Section 2, the index rules, HOSE decided to change the valid date of the application of VNX-Index, Vndiamond, VNFINSELECT April April from May 5, 2025 to April 28, 2025.
In addition, HOSE also changed the effective date of updating the free-float ratio, circulating volume and limiting the capitalization ratio of the HOSE-Index, VNSI index, VNFINLEAD index for the April 2025 period from May 5, 2025 to April 28, 2025.
The KRX system is in a testing period from March 17, 2025 to April 11, 2025. The test was a test of stock trading activities like a normal trading day. According to information issued by the State Securities Commission in March, the KRX system will be deployed after members conduct a test, expected to operate in May or June 2025.
In April 2025, the Securities Exchange Departments and Vietnam Securities Depository and Clearing Corporation (VSDC) will announce the new functions and features of the KRX system before the system is put into operation so that the market can fully grasp information about the new system.
The information technology system for managing and operating transactions on the Vietnamese stock market (KRX) has repeatedly " miscalculated" the market. However, it is undeniable that the KRX story is attractive to investor sentiment, because this will be a premise for the stock market to take a step closer to the upgrade destination.
Investors believe that the KRX system put into use will contribute to improving Vietnam's general market sentiment and becoming a driving force for the market. This expectation was demonstrated by Pyn Elite by raising the weight of securities stocks in the portfolio to 14%.
In fact, the KRX system has long been expected by the market, because the system will have many more features, allowing the development of many new products, the important thing is to have the opportunity to deploy the central clearing payment mechanism later.
Dr. Nguyen Duy Phuong, Investment Director of DG Capital, expressed his expectation of putting into operation a new transaction system that is about to be met, helping to "untie" investor psychology. The operation of the KRX will help the Vietnamese stock market improve liquidity capacity, especially contributing to solving problems that are barriers to upgrading the market to emerging market status. Therefore, this KRX system is expected to be a push-up, making the market more vibrant in the coming time.
