Stock market settlement to be speeded up by 4 hours
By Mei Ling Tan
1 min read
The stock settlement cycle is set to be shortened by four hours, enabling investors to receive their share or money on the second morning after a transaction.
Thus, from August 29, they will get them at 11-11:30 a.m on the second day (T+2) instead of the current 3:30-4 p.m.
Now they have to wait until the next morning to sell securities they buy since trading ends at 2:45 p.m.
Depository participants must transfer money and stocks to customers before 1:00 p.m and report to the Vietnam Securities Depository before 4:30 p.m.