On May 11th, 2007, the Prime Minister signed Decision No.559/2007/QD-TTg to convert HCMC Securities Trading Center (HoSTC) to Hochiminh Stock Exchange (HOSE). HOSE, a State owned legal entity, has a private seal and a private account and runs as a limited company with functions and duties as follows: I. The Hochiminh Stock Exchange shall have major rights as follows: 1. Promulgate regulations on listing, trading, information disclosure and trading members after approved by the State Securities Commission; 2. Organize, regulate and operate securities trading activities; 3. Interrupt, suspend or cancel securities trading activities under the Securities Trading Regulation; 4. Approve or cancel listing; inspect and supervise the maintenance of the listing conditions of the listed firms; 5. Approve or cancel trading membership; inspect and supervise securities trading activities of members on the exchange; 6. Inspect and supervise the information disclosure of the listed firms and trading members on the exchange; 7. Supply market information and others related to listing stocks; 8. Adjust the conflicts related to securities trading activities at the members’ requests; II. The Hochiminh Stock Exchange shall have major duties as follows: 1. Guarantee that securities trading activities are made public, fairly, lawfully and effectively; 2. Comply with statistical standards, financial obligations, accounting and auditing principles by the laws; 3. Disclose information on securities trading activities, the listed firms on the exchange, brokerages, fund management companies, securities investment funds or companies, and supervisory information; 4. Supply information and co-ordinate the State’s organizations, which have authority to investigate and prevent violations of the Securities Law; 5. Co-ordinate to popularize knowledge of securities and securities market;