‘rescue’ Hose: Why Mobilize Technology And Private Money?

Minister of Finance Ho Duc Phiem said that thanks to technology support enterprises and VND 40 billion, resolving the order of Ho Chi Minh City Stock Exchange (HOSE) to finish in 100 days. If using the budget will not be able to shorten the same time. The President of the State Securities Commission Tran Van Dung this (October 15), Finance Minister Ho Duc Phiem has worked with FPT corporation leaders and the SOVICO Group, two units supporting technology and funding to "rescue" the last HOSE. The events margin, PV Tien Phong has an interview with the Chairman of the State Securities Commission Tran Van Dung was clogging to the past HOSE and some changes in the coming time. Mr

. Dung, designing the system of HOSE to a maximum of 900 thousand orders / session (2020 before the number of transactions only about 160 - 170 thousand Order / session), liquidity is about VND 6,800 billion. However, at the end of 2020 early 2021, the stock market broke out, trading volume and market liquidity exceeded the design threshold of HOSE floor system. "The system operates overloaded continuously for a long time There should be problems with malfunctioning, the risk of system collapse
If the system is collapsed, huge consequences, not only money with investors, businesses, also affecting Vietnamese reputation in the international market ", Mr. Dung added. - Sir, the investor transactions must pay, why not use that fee to overcome the system instead of mobilizing private money support? Mr. Tran Van Dung: Transaction Office Ho Chi Minh City is a state-owned enterprise, the investment payment procedures of state-owned enterprises is almost the state budget, the process can last; if not supported must also be used. Thanks to the business support NEW FINANCIAL AND FINANCIAL PROCESS NEWS OPENING THE HOSE PRODUCTION ON 100 days, and can meet market demand for the next 3-5 years. - HOSE's system is active Stable dynamic, where to allow investors to trade "Lot 10 shares", instead of the current "Lot 100"? Mr. Tran Van Dung: FPT system used for HOSE is software copyright of HNX, with "Lot 100" processing design. Want to transfer down "Lot 10" must evaluate and adjust the software. Human Resources design most software in Hanoi. Recently, the flight route connected to Ho Chi Minh City is affected by the disease, so the personnel cannot go back
Now aviation between the two localities has resumed, the design personnel of FPT can go to Ho Chi Minh City to study the software for the transaction "Lot 10". It is expected that the software editing time took 1-2 months will be operated. - It is known that the Korean partner is building a unified securities trading system for Vietnam, how to implement this project When can operate? Mr. Tran Van Dung: HOSE floor system merely serves stock transactions, while Korea's system is building for Vietnam, adding functions to serve bond trading, derivative market, compensation central payment (CCP); Trading service during the day, stock trading returns ... The overall system is building also helps the agency to monitor and monitor the activities of investors and disclosure of information of enterprises and public Securities companies, practitioners ... solutions for HOSE are mainly to trade stable shares, while waiting for the overall system to share and merge HOSE with HNX (Hanoi Stock Exchange) .Do influence of Covid-19 translation, although the system has installed hardware, finished software, the Korean expert cannot go to test and edit the system. The test operation takes a lot of time, due to the technology to serve the stock market, the finance does not allow for errors. - Thank you! Minister of Finance Ho Duc Phiem said, thanks to FPT support Technology and SOVICO supported more than VND 40 billion to resolve promptly congested on HOSE for 100 days. If using budget money in accordance with public investment will have to last long for procedures, HOSE has congested, affecting business operations, losing the opportunity of investors and the economy. Chairman of FPT's Board Assessment, anti-congestion order for HOSE has proven, when Vietnamese enterprises are trusted, they can fully master technology, from which to rise and compete with developers. Finance gave a certificate of merit to FPT Joint Stock Company and Sovico Group. Le Huu Viet

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