HCMC stock exchange assures staff Covid infections not to affect operations

By Minh Son August 8, 2021 | 08:02 pm PT

An investor looks at stock prices on a smartphone at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran.

Vietnam’s main bourse, the Ho Chi Minh Stock Exchange, will continue to operate normally though some of its employees have contracted Covid-19.

The infected staff had been living and working on-site, and so the exchange has decided to stop all face-to-face meetings and switch completely to online mode, it said in a statement Monday.

The market will function normally since the bourse was ready with plans to cope with various scenarios.

HoSE said its system can be operated from various locations and it also has a crisis center situated far away from the exchange.

It has 469 stocks listed with a combined market cap of over VND4,920 trillion ($214 billion), or 78 percent of Vietnam’s 2020 GDP.

Epicenter HCMC has recorded 124,100 Covid-19 cases since April 27.