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Stock market settlement time to be advanced by 4 hours

By Minh Son   June 29, 2022 | 11:25 pm PT
Stock market settlement time to be advanced by 4 hours
An investor looks at stock prices on a smartphone at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
The stock settlement cycle is likely to be shortened by four hours, allowing investors to receive their shares on the second morning after buying them.

Currently they receive them at 3:30-4 p.m. on the second day (T+2), meaning they have to wait until the next morning to sell it.

Trading ends at 2:45 p.m.

If the Vietnam Securities Depository does go through with the proposal, delivery will be at 11:30 a.m.-noon on the second day, allowing investors to sell them the same day if they want.

It is seeking feedback from the stock exchange and plans to effect the change in August.

 
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