The Ho Chi Minh City Stock Exchange, also referred to as HOSE, is the largest and most prominent stock exchange in Vietnam. It was established in 2000 with just 2 listed companies and it currently lists 396 companies with a total market cap of $148 billion. The exchange is headquartered in Ho Chi Minh City, formerly known as Saigon, which is the country's most populous city as well as its economic and financial center. HOSE is owned by the Ministry of Finance and regulated by the State Securities Commission. It's a member of the Sustainable Stock Exchanges, a project of the United Nations. Apart from equities, the exchange also houses bonds.
Among the listings are well-known and actively traded companies such as Vingroup, Vinamilk, Petrovietnam Gas, Vietcombank and Sabeco. HOSE manages the VN 30 index, a free-float adjusted market capitalization weighted index that tracks the performance of the top 30 large cap and high liquidity stocks. It also manages the VN Allshare index that tracks the performance of all HOSE-listed companies that passed a screening for eligibility. These indices were designed as formal benchmarks and are used by several index tracking funds. Part of the same index series are the VN 100 index, the VN Midcap and the VN Smallcap. HOSE also operates a series of sector indices that reflect the performance of 10 sectors and industries.