The Taiwan Stock Exchange (TWSE, 台灣證交所) and the Hanoi Stock Exchange (HNX) signed a memorandum of understanding (MOU) yesterday to facilitate cooperation through market information exchanges.
Under the agreement, investors in Taiwan and Vietnam will be able to share details on market regulations and trading information, the stock regulator said in a statement.
Participants in both markets are expected to explore commercial opportunities through the new communication channel that will be established now that the agreement has been signed, the statement said.
The MOU was signed by TWSE chairman Schive Chi (薛琦) and HNX CEO Tran Van Dzung in Hanoi.
The Hanoi market is the second largest stock exchange in Vietnam after the Ho Chi Minh City Stock Exchange.
At the MOU signing ceremony, Schive said the Taiwan and Ho Chi Minh exchanges, which signed a similar MOU in 2008, have established a good partnership and he expected the agreement with the Hanoi bourse to create close ties “that will further boost the internationalization of Taiwan’s and Vietnam’s capital markets.”
As of June 21, a total of 884 listed securities on the HNX had a market value of US$11.58 billion. The HNX is also the primary platform for government bond offerings, according to the TWSE.
Schive said his company’s efforts to push for the internationalization of Taiwan’s capital markets have gone beyond the signing of an MOU with its foreign counterparts.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) founder Morris Chang (張忠謀) yesterday said that Intel Corp would find itself in the same predicament as it did four years ago if its board does not come up with a core business strategy. Chang made the remarks in response to reporters’ questions about the ailing US chipmaker, once an archrival of TSMC, during a news conference in Taipei for the launch of the second volume of his autobiography. Intel unexpectedly announced the immediate retirement of former chief executive officer Pat Gelsinger last week, ending his nearly four-year tenure and ending his attempts to revive the
Taiwan would remain in the same international network for carrying out cross-border payments and would not be marginalized on the world stage, despite jostling among international powers, central bank Governor Yang Chin-long (楊金龍) said yesterday. Yang made the remarks during a speech at an annual event organized by Financial Information Service Co (財金資訊), which oversees Taiwan’s banking, payment and settlement systems. “The US dollar will remain the world’s major cross-border payment tool, given its high liquidity, legality and safe-haven status,” Yang said. Russia is pushing for a new cross-border payment system and highlighted the issue during a BRICS summit in October. The existing system
Convenience store operator Lawson Inc has registered trademarks in Taiwan, sparking rumors that the Japanese chain is to enter the local market. The company on Aug. 30 filed trademarks for the names Lawson and Lawson Station, according to publicly available information from the Ministry of Economic Affairs’ Intellectual Property Office. The product categories on the application include some of Lawson’s top-selling items for use in the convenience store market. The discovery has led to speculation online that the popular Japanese chain is to enter the Taiwanese market. However, some pointed out that it might be a preemptive application to avoid others from co-opting the
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is expected to grow its revenue by about 25 percent to a new record high next year, driven by robust demand for advanced technologies used in artificial intelligence (AI) applications and crypto mining, International Data Corp (IDC) said yesterday. That would see TSMC secure a 67 percent share of the world’s foundry market next year, from 64 percent this year, IDC senior semiconductor research manager Galen Zeng (曾冠瑋) predicted. In the broader foundry definition, TSMC would see its market share rise to 36 percent next year from 33 percent this year, he said. To address concerns
RSS