The official inauguration of the Hanoi Securities Trading Center, which is the precursor to the Hanoi Stock Exchange (HNX), occured on March 8, 2005. It was established for organizing share auctions for the privatization of State owned enterprises. On July 14, 2005, secondary trading began with 6 initial listed companies. The initial trading method was through negotiation.
On July 20, 2000, the Ho Chi Minh City Securities Trading Center officially began operations and it executed the first trading session on July 28, 2000 with 2 listed stocks. After 7 years of growing and integrating into the global securities market, the government, on May 11, 2007, transitioned the Ho Chi Minh City Securities Trading Center to the Ho Chi Minh Stock Exchange (HOSE). On August 8, 2007, HOSE was officially opened.