The Vietnam Stock Exchange (VNX) and the Singapore Exchange (SGX Group) will promote their communication channels to enhance bilateral relations following a Memorandum of Understanding (MoU) singed in Singapore on August 5, the Vietnam News Agency has reported.

The MoU was signed during the visit to Singapore by a delegation of the Vietnamese Ministry of Finance, led by Minister Ho Duc Phoc.

Under the MoU, the two sides will share information related to the domestic market structure, including legal framework, market information, and information provision services.

They will also share experiences in market surveillance, member supervision in the stock market, derivatives market and legal framework for cross-listing activities.

They will develop and promote corporate governance activities, including sharing experiences in establishing best corporate governance rules and practices for listed companies and institutional investors; support and improve the level of monitoring compliance with the SGX and VNX's listing regulations, and promote the image of listed companies on the Vietnamese and Singapore stock markets.