Canh confirmed the Government’s continued support of Vietnamese businesses to list overseas, at a Ho Chi Minh City forum about the benefits of cross listing for Vietnamese companies.

He said many companies in Vietnam has expressed their desire to list in foreign exchanges and cited Vinamilk as having won approval in principal from Singapore Stock Exchange for listing.

Canh said that Vietnamese businesses generally needed better understand about listing requirements, including disclosure, taxation and financial reports in foreign markets.

Listing overseas helps companies widen their capital sources for raising funds and makes their brands more popular outside Vietnam.

Speakers from institutions including Hong Kong Exchanges and Clearing Ltd, London Stock Exchange, PLUS Markets in the UK, law firm Stephen Hardwood and the Bank of New York Mellon Corp provided information on the benefit and criteria fro cross listing.

The event was organised by the Hong Kong’s Centillion Group in association with the SSC.