annualreport2009 hanoi stock exchange sở giao dịch chứng khoán hà nội

HANOI STOCK EXCHANGE
Address: 81 Tran Hung Dao, Hoan Kiem, Hanoi
Tel: 84 - 4 - 3934 2626
Fax: 84 - 4 - 3934 7818
Website: www.hnx.vn
Email:
ANNUAL
REPORT
2009
HNX
Hanoi Stock Exchange
HASTC
Hanoi Securities Trading Center
SSC
State Securities Commission
PPC
Party Central Committee
ABBREVIATIONS
ANNUAL REPORT 2009
3
TRANSPARENCY
Contents
Message from the Chairperson of the Board
4
CEO’s Letter
5
Highlights of 2009
6
About HNX
7

HNX Markets
16
Listed Securities Market
17
Market for Unlisted Public Companies (UPCoM)
23
Government Bond Market
26
HNX Activities
30
Management of Listing and Trading Registration
31
Trading Surveillance
33
Member Management
34
Information Disclosure
37
Information Technology System
38
Share Auctions and Bond Biddings
39
International Cooperation
42
2010 Targets
43
Appendices
45
4
Dear Readers,

The year 2009 elapsed in the context of Vietnam’s determined efforts to
overcome difculties in the wake of the global economic recession. The
nation’s gross domestic product (GDP) growth rate in 2009 hit a 10-year low,
while the prices of oil, gold and US dollars were highly volatile. Meanwhile,
macroeconomic balances experienced some swings despite the Government’s
opportune adjustments to help ght the economic downturn and prevent
high ination, as experienced in 2008, returning. These measures were
accompanied by the active implementation of sound nancial and monetary
policies. Vietnam’s securities market, after a period of hibernation, began to
rebound while constantly facing new challenges.
As for the HNX, 2009 was considered an important milestone. It was in 2009
that the HNX, for the rst time, commenced operations as a wholly State-
owned limited company governed by a Board of Directors. Given this change
in operating model, HNX was entitled to more self-control so that it could
call into play its resources in organizing and regulating market activities.
In this new model, HNX has brought market expansion and technological
improvements on a large scale into sharp focus, steadily improving the
working conditions of its staff and getting well prepared for market growth
as the economy enters a recovery and development stage.
In 2010, for sustainable growth, HNX is to make a thorough appraisal of the
market development process during 2005-2010 within the framework of the
Vietnam Securities Market Development Masterplan, hence mapping out an
overall development strategy for the HNX during 2011-2020. HNX’s major
undertaking during 2010 is, therefore, to consolidate three existing markets,
upgrade technological systems, open online trading, ameliorate corporate
governance in accordance with the new operating model and promote
international integration.
We believe with the implementation of the aforementioned measures
accompanied by sound management of regulators, the support and condence
of member securities rms, listed companies, partners and investors, HNX’s

management and staff will make every effort to successfully implement the
2010 plan and work together to bring the Exchange to new heights.
MESSAGE FROM THE CHAIRPERSON OF THE BOARD
Cordially,
Vu i Kim Lien
Chairperson
ANNUAL REPORT 2009
5
TRANSPARENCY
Dear Readers,
The year 2009 witnessed some important milestones for the HNX. Against
the background of troubled macroeconomic conditions and securities market,
Exchange staff made constant efforts to attain major goals. These include
transforming the operating model on the basis of HASTC reorganization
in accordance with Decision No.01/2009/QĐ-TTg by the Prime Minister;
opening the market for securities of unlisted public companies (UPCoM)
to get public companies to trade their stocks on a State-regulated market
and narrow the grey market, launching a new trading system tailored for
specic trading requirements of Government Bonds and in conformity with
international conventions. In 2009, the HNX continued to provide support
for businesses and approved the listing of 95 companies. By the end of 2009,
there were 257 companies listed on the HNX with a total listing volume
of 3.7 billion. The listed market showed an increase of 71% in terms of
listed stocks,148% in market capitalization and 245% in trading values. In
addition, the HNX in 2009 tested its online trading system so it could be fully
implemented in February, 2010.
By means of this Annual Report, we would like to once again express our
appreciation to authorities, investors, market participants and colleagues for
your close cooperation in developing the market throughout the past year.
It is our strong belief that the complete support and effective management

of the Party and State leaders, Government agencies, Ministry of Finance,
Hanoi People’s Committee as well as related bodies in combination with
the growing interest of businesses, market participants and investors will
all greatly contribute to the growth of the securities market and make it an
important impetus for the country’s sustainable development.
CEO’S LETTER
Respectfully,
Tran Van Dzung
CEO
6
2/1/2009
Prime Minister Nguyen Tan Dung issues Decision No. 01/2009/QĐ-Ttg on the establishment of the HNX on the basis of
transforming HASTC as an income-generated State agency into a State-owned, single-member limited liability company.
2/1/2009
The rst trading session of 2009 is opened in the presence of the Hanoi People’s Committee Chairman, SSC Division Directors
and representatives of market participants.
2/2/2009
Mr Vu Van Ninh, Member of PCC, Deputy Minister of Finance, visits HASTC and opens the rst trading session of the
Lunar New Year The Minister wishes Vietnam’s securities market a new year of considerable and solid achievements, making
important contributions to the development of the country’s socialist-oriented market economy.
20/3/2009
The rst auction of sovereign bonds issued by the State Treasury is successfully organized to raise capital for key Government
projects in accordance with Decision 211/QĐ-TTg by the Prime Minister which paves a new way for capital mobilization. In
2009, over USD$460 million was raised via six biddings.
30/3/2009
A Memorandum of Understanding is signed with International Finance Corporation (IFC) for joint initiatives to improve
information disclosure and transparency of UPCoM and the bond market.
The head ofce and the trading system is moved to 81 Tran Hung Dao Street, ensuring the stable, safe and continuous operation
of the market.
30/4/2009

A Memorandum of Understanding is signed with Debt and Asset Trading Corporation (DATC) to promote cooperation in share
auctions, bond listing, registration and listing of stocks of DATC members.
16/6/2009
The inauguration of the HNX and the launch of market for stocks of unlisted public companies (UPCoM).
24/6/2009
HNX’s Chief Executive Ofcer signs Decision No. 410/QĐ-SGDHN, promulgating regulations on Government Bond trading,
organization and management of Government Bond trading on the HNX. This helps to streamline rules and regulations,
facilitating the implementation of a specialized Government Bond trading system.
16/07/2009
The specialized Government Bond trading system is ofcially launched, meeting specic Government Bond trading requirements
in line with Vietnam’s Securities Market Development Plan and international conventions.
24/9/2009
The HNX together with The Vietnam Investment Review holds a ceremony to honour Businesses of the Year on the occasion
of Vietnamese Businessmen’s Day. The honour is conferred on nearly 50 institutions being listed companies, member securities
rms and bidding members of the HNX.
12/10/2009
Trading volumes reach a peak of 67,237,200 shares, which gained VND3,048,981,570,000 in value.
23/10/2009
The 1,000th trading session takes place in the presence of the SSC Chairman and other market participants.
18/11/2009
The HNX implements its rst online trading test with the participation of 93 member securities companies.
16/12/2009
The HNX implements its rst online trading test with the participation of 93 member securities companies.
HIGHLIGHTS OF 2009
ANNUAL REPORT 2009
7
TRANSPARENCY
ABOUT HNX
The HNX came into operation on the basis of transforming the HASTC,
an income-generated State agency founded pursuant to Decision

No.127/1998/QD-TTg dated July 11, 1998, into a State-owned, single-
member limited liability company according to Decision No. 01/2009/
QD-TTg.
n
Vietnamese name: Sở Giao dịch Chứng khoán Hà Nội
n
English name: Hanoi Stock Exchange
n
Abbreviated name: HNX.
n
Website: www.hnx.vn
n
Charter capital: VND1,000 billion including state budget transferred
by HASTC and supplemented during the operation
The HNX Objectives
- To ensure the equitableness, transparency and efciency of securities
trading on the HNX
- To protect investors’ lawful rights and benets
The HNX functions
- To organize stock listings and trading on the HNX as required by laws
- To supervise the compliance of trading members, listed companies and
investors
- To act as an intermediary when requested to settle any disputes related
to securities traded on the HNX.
- To provide technical infrastructure, information and training services
in the exchange’s duties and authorities for the development of the stock
market.
8
HNX
Share Auction Bond Bidding

Primary Market
Secondary Market
Listed Securities Market
Market for
Unlisted Public Company
(UPCoM)
Government
Bond Market
HNX MARKET STRUCTURE
n
Listed Securities Market, launched on July 14, 2005, is the market for listed securities of eligible companies according to Article 9, Decree No.
14/2007/NĐ-CP dated January 19, 2007 by the Government, detailing some articles in the Securities Law. Commodities on the Listed Securities
Market are stocks of listed companies.
n
Market for Unlisted Public Companies (UPCoM), launched on June 24, 2009, is organized for unlisted public companies (UPCoM) based on The
plan on UPCOM Organization and Trading Regulation approved by the Ministry of Finance upon Decision No. 3567/QĐ-BTC dated November 8,
2007, and Decision No. 108/2008/QĐ-BTC dated November 20, 2008. Commodities in this market include stocks and convertible bonds of unlisted
public companies or delisted companies.
n
Government Bond Market, which went live on September 24, 2009, is the market for Government Bonds according to Decision No. 46/2008/
QĐ-BTC issued by the Ministry of Finance on July 1, 2008. Commodities are Government Bonds, municipal bonds, bonds guaranteed by the
Government
ANNUAL REPORT 2009
9
TRANSPARENCY
ORGANIZATIONAL STRUCTURE
BOARD OF DIRECTORS
CHIEF EXECUTIVE
OFFICER (CEO)
DEPUTY CEO

DEPUTY CEO DEPUTY CEO
SUPERVISORY
BOARD
Internal Audit
Dept.
Administration
Dept.
General & Legal
Affairs Dept.
Human Resources
Dept.
Finance &
Accounting Dept.
Trading Dept.
Bond Market
Dept.
Market
Information Dept.
Information
Technology Dept.
Listing Dept. Member
Regulation Dept.
Surveillance
Dept.
Strategy &
International
Cooperation Dept.
10
Ms. Vu Thi Kim Lien
Chairperson of the Board

Ms Vu Thi Kim Lien holds a degree from the Foreign Trade University, a Master
degree in nancial economics from the University of London (UK) and a Ph.D.
degree from the Banking Academy of Vietnam. She is a member of many foreign
and domestic forums on macro-economic development strategies, regional economic
restructuring and enforcement on the stock market. She has more than 20 years’
experience in banking and nance.
Previous positions:
- Vice Chairman of the Capital Market Research Board of the State Bank of Vietnam
(1993-1997)
- Director of Departments at the SSC (1997-2005).
Current principal position outside the HNX: Vice Chairman of the SSC since 2006.
Mr. Tran Van Dzung
Vice-Chairperson, CEO
Mr. Tran Van Dzung holds a degree from the
Diplomatic Academy, and a Master degree in
Market Development Research from Saitama
University, Japan. He has nearly 20 years’
experience in nance and banking.
Previous positions:
- Working at the State Bank of Vietnam (1992-
1997) and SSC (1997-2003)
- HASTC Director (2003 -2009)
Current position: Vice-Chairman and HNX
CEO since June, 2009
Mr. Dao Viet Anh
Member of the BOD
Mr. Dao Viet Anh graduated from the
Academy of Finance. He has a Master degree
in economics and public administration from
Brussels University, Belgium.

Previous positions: Deputy Head, Head of the
Capital Market Division, at the Ministry of
Finance’s Finance and Banking Department
(before January, 2009)
Current principal position outside the HNX:
Deputy Director of the Ministry of Finance’s
Finance and Banking Department.
11
TRANSPARENCY
Ms. Nguyen Thi Hoang Lan
Deputy CEO
Ms. Nguyen Thi Hoang Lan graduated from the
National University of the Soviet Union. She
is granted the Scientic Degree and Master of
Science in Economics in the Russian Economic
Academy named Plekhanov Institute. She has
more than 15 years’ experience in nance and
banking.
Previous positions:
- Working at the State Bank of Vietnam (1989-
1992)
- Deputy Head and then Deputy Director at the
SSC (1997-2007)
- HASTC Deputy Director (2007-2009)
Current position: HNX Deputy CEO since
June, 2009
Mr. Nguyen Van Dzung
Deputy CEO
Mr. Nguyen Van Dzung graduated in business
administration from the mini MBA program in

Thammasat University, Thailand. He has nearly
20 years’ experience in nance and banking.
Previous positions:
- Working at the State Bank of Vietnam (1991-
1997) and SSC (1997-2003)
- HASTC Deputy Director (2003-2009)
Current position: HNX Deputy CEO since June,
2009.
Mr. Nguyen Vu Quang Trung
Member of the BOD, Deputy CEO
Mr. Nguyen Vu Quang Trung graduated
in nance and banking from the National
Economics University. He has completed a
Master degree in Finance and Banking from the
University of New South Wales, Australia.
Previous positions:
- Working at the State Bank of Vietnam (1996-
1997) and SSC (1997-2004)
- Head of Divisions at HASTC (2004-2006)
- HASTC Deputy Director (2006-2009)
Current position: Member of the BOD and
HNX Deputy CEO since June, 2009.
Mr. Nguyen Tien Dzung
Member of the BOD, Head of Supervisory Board
Mr. Nguyen Tien Dzung holds a degree in
international economics from the National
Economics University.
Previous positions:
- Working at The Institute of Economics
(1996-1999)

- Deputy Manager at the Securities Research
and Training Center under the SSC (1999-
2006)
- Head of HASTC’s Administration Division
(2006-2009)
Current position: Head of the HNX’s
Supervisory Board since June, 2009
BÁO CÁO THƯỜNG NIÊN 2009
12
Nguyen Đuc Manh
Director
Information Technology Dept.
Ha Anh Tuan
Director
General and Legal Affairs Dept.
Nguyen Thanh Tung
Deputy Director
Surveillance Dept.
Nguyen Hoang Linh
Director
Strategy & International Cooperation Dept.
Nguyen Thi Thu Ha
Director
Trading Dept.
Vu Thi Thuy Nga
Director
Market Information Dept.
Tran Anh Tuan
Director
Bond Market Dept

ANNUAL REPORT 2009
13
TRANSPARENCY
Ngo Hiep Hung
Director
Human Resources Dept.
Nguyen Thi Tam
Deputy Director
Finance and Accounting Dept.
Tran Bich Thuy
Director
Internal Audit Dept.
Nguyen Anh Phong
Director
Listing Dept.
Nguyen Tuan Anh
Director
Member Regulation Dept.
Tran Anh Tuan
Deputy Director
Administration Dept.
14
ANNUAL REPORT 2009
15
TRANSPARENCY
HNX
Markets
17
EQUITABLENESS ANNUAL REPORT 2009
LISTED SECURITIES MARKET

Regulations on Listed Securities Market
Listing requirements:
• For stocks:
* Being a joint stock company having a minimum charter
capital of VND10 billion;
* At least 100 shareholders must own voting shares in the
company;
* Business operations in the year immediately preceeding the
year of registration for listing must have been protable. ere
must be no debts overdue for more than one year;
* Fullling other requirements of Decree No.14/2007/NĐ-
CP dated January 19, 2007.
• For bonds:
* Being a joint stock company, limited liability company or
State-owned enterprise having a minimum charter capital of
VND10 billion;
* All bonds of one issue must have the same maturity date;
* Fullling other requirements of Decree No.14/2007/NĐ-
CP dated January 19, 2007.
Trading time:
From Monday to Friday, except for public holidays stipulated
by the Labor Code.
Tick size:
• Continuous order matching method:
+ For stocks: VND100.
+ For bonds: no tick size.
• Negotiation method: no tick size.
Trading unit:
* For continuous order matching: a round lot (100 shares) or
VND10 million of bonds at par value.

* For negotiation method: no trading unit .
* For trading odd lots, investors are entitled to require member
securities companies to buy back stocks at the negotiated
price, which by no means exceeds the collar applied at the
HNX.
Minimum trading volume
(exclusively applied for negotiation method)
* For stocks: 5,000 shares.
* For bonds: VND100,000,000 at par value.
Reference price of a stock:
* Reference price of a stock is the weighted average of all
executed prices by continuous order matching method of the
previous trading day.
* Collar (for a stock in a trading day).
* Collar applied for a stock in a trading day is ±7%. e collar is
subject to specic market situations under SSC’s decisions.
* No collar is applied for bond trading.
Trading method: Both continuous order matching and
negotiation methods are applied.
18
Trading volume (shares)
HNX-Index (points)
HNX-Index
0
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000

70,000,000
80,000,000
0
50
100
150
200
250
Trading Volume
02/01/2009 31/12/2009
Trading volume (shares)
HNX-Index (points)
HNX-Index
0
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
70,000,000
80,000,000
0
50
100
150
200
250
Trading Volume
02/01/2009 31/12/2009

2/5: The Government unveils the second
stimulus package worth USD$8 billion
15/6: The Ministry of Finance
announces the exemption of
personal income tax applicable
to capital investment and capital
transfers till the end 2009
HNX-Index & TRADING VOLUME IN 2009
Jan. 2009: The Government
announces the USD$1 billion
stimulus package
24/02: HNX-Index bottoms at
78.06 points
19
EQUITABLENESS ANNUAL REPORT 2009
Trading volume (shares)
HNX-Index (points)
HNX-Index
0
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
70,000,000
80,000,000
0
50
100

150
200
250
Trading Volume
02/01/2009 31/12/2009
Trading volume (shares)
HNX-Index (points)
HNX-Index
0
10,000,000
20,000,000
30,000,000
40,000,000
50,000,000
60,000,000
70,000,000
80,000,000
0
50
100
150
200
250
Trading Volume
02/01/2009 31/12/2009
22/10: Highest HNX-Index of
2009 (218.38 points)
23/10: Trading volumes and values
reach a record (67,237,200 shares
and VND3,048,981,570,000)

11/6: HNX-Index climbs to 186.24 points
20
HNX-listed stocks saw robust growth in scale and liquidity. By the
end of 2009, there were 257 stocks from companies of many industries
listed with a total listed value of over VND37,120 billion and market
capitalization of over VND125,379 billion, an increase of 71% and 148%
compared to 2008 respectively. Finance, banking and industrial rms
accounted for nearly 70% of total listed companies with approximately
80% of total listed values.
In trading activities, the global economic recession beginning in 2008
continued its impact on HNX’s trading activities with successive declines
in the rst two months of 2009. The situation then improved together with
the recovery of Vietnam’s economy. From the bottom of 78.06 points
in February 2009, the HNX-Index reached 167.17 points on December
31, 2009. Trading volumes and values increased remarkably especially
in October and November, taking up 33% and 39% of trading volumes
and values in 2009 in total respectively. On October 23, 2009 the HNX
stock market enjoyed record trading volumes and values at 67.24 million
shares and VND3,049 billion, respectively.
The total trading volume in 2009 was 5,760 million shares with an
average trading volume of 23 million shares/session (an increase of 276%
compared to 2008) and the total trading value was VND197,358 billion,
with an average trading value of VND790 billion/session (an increase of
245% compared to 2008).
Foreign investors became more active in HNX trading. Trading volumes
by foreign investors in 2009 reached nearly 277 million shares, increasing
138.19% against 2008.
LISTED STOCK MARKET 2009 IN REVIEW
21
EQUITABLENESS ANNUAL REPORT 2009

0
10
20
30
40
50
60
Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec.
0
500
1,000
1,500
2,000
2,500
Average Trading volume Average Trading value
mil. shares
VND bil.
Trading volume and Trading value in 2009
Trading volume and Trading value by trading mode
Month
Trading volume (shares) Trading value (VND)
Continuous order matching Negotiation Continuous order matching Negotiation
1 54,301,100 5,270,313 1,122,368,900,000 249,524,547,600
2 79,521,800 2,405,475 1,527,630,610,000 54,420,785,000
3 217,688,200 3,060,497 4,110,436,010,000 51,699,166,700
4 379,131,900 7,822,209 9,157,202,910,000 179,945,312,300
5 575,340,200 7,242,672 15,923,114,180,000 219,431,489,900
6 646,825,200 16,121,778 22,671,729,230,000 656,320,553,900
7 369,676,900 10,175,286 11,985,734,540,000 359,035,850,000
8 556,223,600 8,053,561 18,618,609,780,000 305,723,249,900

9 762,360,100 10,644,715 28,438,733,930,000 459,659,940,000
10 991,772,200 38,456,634 43,306,801,570,000 1,607,951,212,200
11 534,524,200 26,139,463 21,214,596,160,000 1,090,232,445,800
12 422,468,900 34,606,360 12,934,526,940,000 1,112,548,939,000
22
0
50
100
150
200
250
300
company
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
mil. shares
Listed company
Listed volume
Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec.
Listed companies and Listed volume in 2009
Stocks with biggest average trading volume 5 biggest gainers of 2009
Stock
Average

price on
31/12/2008
Average
price on
31/12/2009
Change
(VND/
share)
Change
(%)
S96
12,800 82,900 70,100 547.656
SJM
9,200 34,200 25,000 271.739
S91
10,900 40,200 29,300 268.807
STL
16,400 59,900 43,500 265.243
SNG
20,000 72,600 52,600 263.000
9%
9%
6%
6%
4%
3%
2%
2%
2%
S H B VSPOthers

54%
3%
A C B PVX PVS
K L S CTSKBC
V C G SHS
23
EQUITABLENESS ANNUAL REPORT 2009
UPCoM Regulations:
Commodities traded on the UPCoM include stocks and
convertible bonds of unlisted or delisted public companies.
Eligibilities for UPCoM registration:
> Public companies having unlisted or delisted securities;
> Public companies having registered and deposited securities
at the Vietnam Securities Depository;
> Public companies receiving the assistance of a member
securities company.
Trading methods on UPCoM: Negotiation methods include
conventional and electronic negotiations.
Trading unit, trading volume, tick size and collar:
- Trading unit: no trading unit applied.
- Trading volume: minimum of 10 stocks and bonds.
- Tick size: 100 for stocks; no tick size for bonds.
- Collar: ±10% for stocks, no collar for bonds.
Trading time on UPCoM: Investors can trade via a securities
company at any time during the working days stipulated by
securities companies. Securities companies daily report, verify
and sele transactions via the system as regulated by HNX.
Reference price: Reference price of a stock being traded is
the weighted average of all electronic negotiated prices of the
most recent trading day. ere is no reference price for bonds.

Selement on UPCoM:
- Selement for stocks: multilateral selement, T+3.
- Selement for bonds: multilateral selement; T+1.
MARKET FOR
UNLISTED PUBLIC COMPANIES
(UPCoM)
24
After nearly three years’ preparation for a legal basis and technological
infrastructure, under the approval of the Ministry of Finance and the SSC,
the market for securities of unlisted public companies ofcially went live
on June 24, 2009. By December 31, 2009, UPCoM attracted the trade
registration of 34 companies with total charter capital of VND3,274
billion and total market capitalization of approximately VND4,260
billion. Trading activities were carried out safely with two trading modes,
namely electronic negotiations (accounting for 90%) and conventional
negotiations (accounting for 10%). More and more foreign investors
participated in the UPCoM. UPCoM-Index has the same trend with the
HNX-Index in the listed securities market. The HNX transferred 17,878
results to the VSD system for clearing and settlement with a total trading
value of over VND545 billion, equaling VND4 billion per session.
Company Registered volume
company
mil. shares
0
5
10
15
20
25
30

35
40
0
50
100
150
200
250
300
350
Jun. Jul. Aug. Sep. Oct. Nov. Dec.
The birth of UPCoM is one step in completing the structure of Vietnam’s
stock market, enhancing the enforcement of the Securities Law with
the registration of public companies, standardizing proles of public
companies and encouraging public companies to disclose information
and engage in the ofcial market. However, UPCoM’s scale and
liquidity was not as expected. For the development of this market, the
HNX will study and propose solutions on its systems, regulations and
operations to widen the regulated market and narrow the grey one.
UPCoM 2009 IN REVIEW
UPCoM companies and shares registered for trading in 2009
25
EQUITABLENESS ANNUAL REPORT 2009
Others
11%
HIG
5%
CLS
3%
APS

35%
VDS
12%
TAS
15%
SME
16%
API
3%
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
1,000,000
1,100,000
1,200,000
1,300,000
1,400,000
-10
10
30
50
70
90

110
Trading volume (shares)
UPCoM-Index (points)
Volume
UPCoM-Index
24/06/2009 31/12/2009
UPCoM-Index and Trading volume since 24/6/2009
UPCoM stocks with biggest trading volume in 2009 UPCoM Trading volume and Trading value by trading mode
Trading mode
Trading volume
(shares)
Trading value
(VND mil.)
Electronic negotiation 36,165,693 492,075
Conventional negotiation 3,712,189 53,405
Total 39,877,882 545,479