The Hanoi-based company, with a registered capital of US$42.3 million, would oversee securities registration, deposit, clearing, and payment processes.

Shares are expected to move positively this week thanks to supporting macro information with the VN-Index heading to the resistance area around 1,070 points.

Listing on the stock exchange is one of the solutions to improving the financial and governance capacity of insurance enterprises in the future, according to a proposal of the Ministry of Finance (MoF).

The Vietnamese stock market settled lower on Friday due to weakened sentiment amid macro instability.

Globally the purchasing power of consumers has been significantly affected by rising inflation, exchange rate fluctuations, high interest rates, supply chain disruptions and the ongoing Russia-Ukraine conflict. This impact is now also being felt in retail stocks which are now losing their sheen in the eyes of investors.

Shares continued to rise on Thursday thanks to the gain of large-cap stocks.

Shares managed to stay higher on Wednesday amid cautious sentiment with stock indices fluctuating in a tight range.

Shares gained on Tuesday as strong buying forces brought an upswing on blue chips, lifting indices.