Vietnam’s stock market will soon put the KRX trading system into operation as part of goals for 2023.

Provided by the operator of South Korea’s bourse, the Korea Exchange (KRX), the system can handle 3-5 million orders a day and avoid overloads.

Speaking at the first trading session of the Ho Chi Minh Stock Exchange (HoSE) following the Tet (Lunar New Year) holiday on January 31, Chairwoman of the State Securities Commission Vu Thi Chan Phuong said the sector also aims to offer new products and services this year and step up the restructuring of systems in service of the market.

Solutions will be undertaken to consolidate investor confidence, she said.

At the end of the last trading session of 2022, the VN-Index closed at 1,007 points, down 32.78 per cent compared to the end of 2021.

Despite the sharp decline, the domestic stock market remained stable last year, and most listed companies have now recovered after the Covid-19 pandemic.