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. Last Updated: 07/27/2016

Hanoi Stock Exchange

HANOI, Vietnam () -- A draft plan for Vietnam's first stock exchange has been submitted for government review, official media reported Monday.

The draft was prepared by the State Securities Commission when it met last week to discuss setting up a stock exchange in Ho Chi Minh City.

The state-run Saigon Times newspaper gave no details on the contents of the plan. Officials at the country's central bank refused to comment on the report.

Only a dozen Vietnamese companies have been privatized. About 6,300 others are still state-controlled and owned.