GMS Exchanges

Overview of GMS Exchanges

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Lao Securities Exchange (LSX)

About LSX

Lao Securities Exchange (LSX) was officially launched on 10th October 2010 with the Bank of the Lao PDR (BOL) holding the share of 51% and Korea Exchange (KRX) holding the share of 49%.

The LSX is the first capital market in the Lao PDR which will attract the huge capital to develop the nation and raising the long-term funds to companies and also promoting the integrity of Lao financial market.
Regulators
Lao Securities Commission Office (LSCO)
Products & Services
Stock, Government Bond
Indices
LSX Composite Index

Number of listed companies

11 Companies (as of February 2022)

Trading Information

Trading Hours
08:30 to 15:00 hrs. (Without any intermission)
Number of members
3 Companies
BCEL-KT Securities Company Limited
Lanexang Securities Public Company
Lao-China Securities Company Limited

Market Settlement Cycle
T+2
Depository
Lao PDR Securities Depository Center (LSDC)

Information for foreign investors

Taxation affecting foreign investors

Individual Investor
Capital gain tax: No capital gain tax
Dividends: Tax exempt
Juristic Investor
Capital gain tax: No capital gain tax
Dividends: Tax exempt

To invest in Lao Securities Exchange via SET's members

International Markets Department

Telephone
+66 2 695 5959-60
Fax
+66 2 695 5969
Global Trading Department

Telephone
+66 2 625 2477-82
Fax
+66 2 625-2483
Overseas Investment Sales Department

Telephone
+66 2 081 2631-2, +66 2 638 5631-2
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Cambodia Securities Exchange (CSX)

About CSX

Cambodia Securities Exchange (CSX) was officially launched in July 2011 with the Cambodian government holding 55% and Korea Exchange 45%, and stock trading started on April 18, 2012.
Products & Services
Stock (Main Board and Growth Board), Corporate Bond, Collective Investment Fund (Coming Soon)
Indices
CSX  Index


Number of listed companies

7 companies on main board (as of February 2022)

Tradind Information

Trading Hours
08:00 to 15:00 hrs. (Without any intermission), efffective as of August 19, 2019
Order Placement
  • Via brokers who are CSX's members
  • Via Mobile Trading System (MTS) - an online trading platform allowing investors to manage their own orders and monitor the market closely. For more information on MTS, please go to More Information
Number of members
11 members (as of February 2022)
Market Settlement Cycle
T+2
Depository
CSX Securities Depository Center

Information for foreign investors

Taxation affecting foreign investors

Individual Investor
Capital gain tax: No capital gain tax.
Dividends: 14% withholding tax, but only 7% withholding tax remained after 50% reduction that is granted for 3 years counting from January 04, 2019.
Bond interest: 14% withholding tax, but only 7% withholding tax remained after 50% reduction that is granted for 3 years counting from January 04, 2019.
Juristic Investor
Capital gain tax: No separate capital gain tax. Capital gains are treated as taxable income and subject to 20% profit tax.
Dividends: 14% withholding tax, but only 7% withholding tax remained after 50% reduction that is granted for 3 years counting from January 04, 2019.
Bond interest: 14% withholding tax, but only 7% withholding tax remained after 50% reduction that is granted for 3 years counting from January 04, 2019

To invest in Cambodia Securities Exchange via SET's members

Global Trading Department

Telephone
+66 2 625 2477-82
Fax
+66 2 625-2483
Global Trading and Bond Dealer Department

Telephone
+66 2 217 8780, +66 2 217 8697
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Hochiminh Stock Exchange (HOSE)

About HOSE

The origin of the Hochiminh Stock Exchange goes back to July 2000 with the establishment of the Ho Chi Minh City Securities Trading Center on July 20, 2000. After 7 years, the government transferred the Ho Chi Minh City Securities Trading Center to Hochiminh Stock Exchange (HOSE) and it was officially launched on 8th August 2007.

HOSE introduced continuous order matching since 30th July 2007 and the introduction of online trading at the beginning of 2009.
Products & Services
Stock, Corporate Bond, Municipal Bond, Fund Certificated, ETFs, Covered Warrants  
Indices
VN  Index

Number of listed companies

410 listed companies (as of February 2022)

Trading Information

Trading Hours
Monday to Friday excluding public holidays.
For Listed Stock Market: 09.00 to 11.30 Hrs.& 13.00 to 15.00 Hrs
For Bond Market:  8.30 to 11.00 Hrs.& 13.00 to 15.00 Hr

Number of members
73 members (as of February 2022)
Market Settlement Cycle
T+2 basis for equities and fund certificates
T+1 for bonds

Depository
Vietnam Securities Depository (VSD)

Information for foreign investors

Taxation and regulations affecting foreign investors

Individual Investor
Capital gain tax: Gains from a capital assignment  and /or securities trading are subject to 0.1% tax on the gross sale 
Dividends:  5% withholding tax
Juristic Investor
Capital gain tax: Gains from a capital assignment  and /or securities trading are subject to 0.1% tax on the gross sale 
Dividends:  No tax for dividend of shares

Foreigners can buy up to 49% of listed stocks except banks. For banks the limit on foreign ownership is 30% with a maximum individual investor limit of 10%.

To invest in Ho Chi Minh Stock Exchange via SET's members

International Markets Department 

Telephone
+66 2 695 5959-60
Fax
+66 2 695 5969
Global Trading Department

Telephone
+66 2 625 2477-82
Fax
+66 2 625-2483
Global Trading and Bond Dealer Department

Telephone
+66 2 217 8780-1, +66 2 217 8698
International Securities Department 

Telephone
+662 9491225-6, +662 949 1231
Private Wealth Management Department

Telephone
+662-658-6300 #1801 
Fax
+662-658-6881
Offshore Trading & TFEX Product department

Telephone
02-618-1999 or 02-618-1111
Fax
02-618-1995
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Hanoi Stock Exchange (HNX)

About HNX

The Hanoi Stock Exchange was established through the transformation and restructuring the Hanoi Securities Trading Center by a formal Decision of the Prime Minister of Vietnam in January 2009.

The Hanoi Stock Exchange operates as a State-owned single – member limited liability company. It has its own legal entity and seal as stipulated by the Securities Law, Enterprise Law and the Exchange's Charter, as well as related legal documents.
Products & Services
Listed Stock; UPCoM* Stock; Government Bond, Municipal Bond, Government underwritten Bond, Corporate Bond; T-Bill, ETF (SSIAM-HNX30 since 29th Dec 2014), VN30 Futures Contracts, G-Bond Futures Contracts (*UPCoM = Unlisted Public Company Market)
Indices
HNX FF Index (namely HNX Index); HNX 30 Index; HNX30 TRI Index; HNX (Large, Mid/Small) Index; HNX Finance Index; HNX Constructionn Index; HNX Manufacturing Index UPCoM Index, UPCoMFF index

Number of listed companies

No. of listed companies in listed stock market: 348 companies (as of  February 2022)
Number of registration companies in UPCoM Market: 881 companies (as of February 2022)

Trading Information

Trading Hours
Monday to Friday excluding public holidays
For Listed Stock Market and UPCoM Stock Market: 09.00 to 11.30 Hrs.& 13.00 to 15.00 Hrs
For Bond Market: 8.30 to 11.00 Hrs.& 13.00 to 14.15 Hrs.

Number of members
73 Members for Listed Stock Market
73 Members for UPCoM Market (as of December 2022)

Market Settlement Cycle
T+2 basis for equities (including UPCoM equities)
T+1 for bonds

Depository
Vietnam Securities Depository (VSD)

Information for foreign investors

Taxation and regulations affecting foreign investors

Individual Investor
Capital gain tax: Gains from a capital assignment  and /or securities trading are subject to 0.1% tax on the gross sale 
Dividends:  5% withholding tax
Juristic Investor
Capital gain tax: Gains from a capital assignment  and /or securities trading are subject to 0.1% tax on the gross sale
Dividends:  No tax for dividend of shares

Foreigners can buy up to 49% of listed stocks except banks. For banks the limit on foreign ownership is 30% with a maximum individual investor limit of 10%.

To invest in Ho Chi Minh Stock Exchange and Hanoi Stock Exchange via SET's member

International Markets Department

Telephone
+66 2 695 5959-60
Fax
+66 2 695 5969
Global Trading Department

Telephone
+66 2 625 2477-82
Fax
+66 2 625-2483
Global Trading and Bond Dealer Department

Telephone
+66 2 217 8780-1, +66 2 217 8698
International Securities Department

Telephone
+662 9491225-6, +662 949 1231
Private Wealth Management Department

Telephone
+662-658-6300 #1801 
Fax
+662-658-6881
Offshore Trading & TFEX Product department

Telephone
02-618-1999 or 02-618-1111
Fax
02-618-1995
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Yangon Stock Exchange (YSX)

About YSX

Yangon Stock Exchange (YSX) was officially launched on 9th December 2015 with the Myanmar Economic Bank holding the share of 51.00%, Daiwa Institute of Research holding 30.25% and Japan Exchange Group (JPX) holding the share of 18.75%.

The YSX started trading stock with the first listed company of FMI on 25th March 2016 and MTSH on 20th May 2016.
Regulators
Securities and Exchange Commission of Myanmar (SECM)

Products & Services
Stock
Indices
Myanmar Stock Price Index (MYANPIX)

Number of listed companies

7 Companies (as of February 2022) 

Trading Information

Trading Hours
09:30 to 13:00 hrs. YSX adopts periodic call auction mechanism, 7 matching a day (Since 26 March 2020)
Number of members
6 Companies (as of February 2022)
Market Settlement Cycle
T+3
Depository
Yangon Stock Exchange

Information for foreign investors

Foreigners allowed to trade on YSX since March 20, 2020.

To ask for more information on investing in Yangon Stock Exchange via SET's members

International Markets Department

Telephone
+66 2 695 5959-60
Fax
+66 2 695 5969
Disclaimer:
The information concerning GMS Exchanges set out in this website are provided for preliminary information purpose only, and may not necessarily be reviewed by The Stock Exchange of Thailand. The Stock Exchange of Thailand can neither be held responsible for the use which may be made of the information contained therein, nor can it bear any responsibility with regard to the use of such information. Investors should consider the correctness of information published via official website of each of GMS Exchange.