Under the agreement, the Tokyo Stock Exchange (TSE) - Asia’s largest bourse - will share information with HOSE and consider offering technical assistance, said a statement released by TSE.

The two bourses will also start discussion on listing of the two countries' stocks on each other's bourses.

TSE president Atushi Saito said by cooperating with Asian exchanges, TSE will improve on its convenience for market participants.

Both the Tokyo and Ho Chi Minh City bourses signed cooperation agreements earlier this year with the London Stock Exchange.

The Tokyo bourse has also signed a similar deal with the New York Stock Exchange and purchased a stake of almost 5 percent in the Singapore stock exchange.