Tokyo Stock Exchange Group (TSE Group) and Hanoi Stock Exchange have signed a memorandum of understanding (MoU) to further develop the collaborative bonds between the two exchanges.

The signing of this agreement is aimed at creating an even closer relationship between the two exchanges and contribute to the further development of both securities markets.

In particular, this MoU is aimed at promoting cooperation in the area of information technology, such as trading systems, through the exchange of IT personnel and information, thereby providing a better investment environment to the investors in both Japan and Vietnam.

TSE Group president and CEO Atsushi Saito said he is very pleased with the signing of a MoU with Hanoi Stock Exchange.

"IT strategy, particularly in relation to trading systems, has become essential to the development of a securities exchange. TSE launched our new trading system, arrowhead, at the beginning of this year and has been receiving high praise from market participants.

"We hope to share our experience and knowledge of IT to support the development of Hanoi Stock Exchange and invigorate the capital markets of both Japan and Vietnam. I believe the signing of this MoU is a significant step toward realizing that goal," Saito said.