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Vietnam abandons plan to merge stock exchanges

Ho Chi Minh City and Hanoi bourses to remain independent under new state company

People walk past the stock exchange center in Hanoi. The Ho Chi Minh City exchange plays a far bigger role in raising funds for Vietnam's mostly state-run economy.   © Reuters

HO CHI MINH CITY -- Vietnam will keep the country’s two stock exchanges in Hanoi and Ho Chi Minh City separate under a wholly owned state company that will be set up by 2020, abandoning an earlier plan to merge the two bourses.

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