One stock or two with your coffee?

The final touches are being made for the grand opening of Vietnam''s stock exchange. But some 400 stocks are already trading on Ho Chi Minh''s unofficial second floor.

By Rico Ngai

June 15, 2000

There will only be two stocks available for trading on the new Vietnamese stock exchange's grand-opening day on 15 July. While trading on the floor is expected to be thin for some time to come, investors looking for wider investment options can walk to a coffee shop nearby, where more than 400 companies are listed.

It's a grey market, explains Lynh Khanh Pham, owner of the coffee shop IndexX House. Each day around 70 regulars visit his shop, order their coffee and food, fill in forms and post them onto the shop's notice board. The form announces potential buyers and sellers in shares of recently privatized state-owned enterprises SOEs. More...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222