Vietnam Stock Market Trading Calendar 2022: When Does the Stock Market Close?

Understanding Trading Hours to Maximize Profits

In the Vietnamese stock market with its three main exchanges (HOSE, HNX, Upcom), operating hours are not trivial. If you place orders outside the designated trading hours, your transactions will be delayed until the next session, directly affecting your asset value. During these pauses, many events can occur and influence market prices. Therefore, mastering the stock trading schedule is essential for all traders.

Developing the Vietnamese Stock Market Over 20 Years

Starting with only 2 stocks (REE and SAM), the Vietnamese stock market has experienced remarkable growth. Currently, stock exchanges have listed thousands of stocks, indices, and ETFs. With over 1,600 listed companies and a total market capitalization of up to 4 quadrillion VND (approximately 171 billion USD), the underlying stock market has become a significant force. The derivatives market, although only three years old, has demonstrated strength with trading volume increasing 3.3 times annually.

What Time Does the Stock Market Close? Stock Trading Hours for the Main Market

All three exchanges, HOSE, HNX, and Upcom, follow a Monday to Friday trading schedule. The stock market closes at 3:00 PM daily, after opening at 9:00 AM. On Saturdays, Sundays, and public holidays, trading is completely halted. On average, the exchanges operate about 250 days per year.

Details of trading hours on HOSE

HOSE is divided into separate trading sessions:

• ATO Session (9:00-9:15): Opening periodic matching with ATO and LO orders
• Continuous Trading (9:15-11:30): Applying LO, MP, MOK, MAK, MTL orders
• Lunch Break (11:30-13:00): Market pauses trading
• Afternoon Session (13:00-14:30): Continues continuous trading with the same order types
• ATC Session (14:30-14:45): Closing periodic matching
• Final Time (14:45-15:00): Only negotiated transactions are accepted

Bond trading occurs from 9:00-11:30, with a break from 11:30-13:00, then resumes from 13:00-15:00.

How is HNX different?

HNX is similar to HOSE but does not have an opening periodic matching session (ATO). Instead, HNX offers an additional after-hours session from 14:45-15:00 with PLO orders, giving investors a chance to trade during the late-day period.

How does Upcom operate?

Upcom differs because it has no periodic matching sessions (no ATO, no ATC). Instead, this exchange only uses continuous matching from 9:00-11:30 and 13:00-15:00 with LO, MP, MOK, MAK, MTL orders.

Derivatives Trading: Different Hours

The Vietnamese derivatives market currently has two main products: VN30 index and 5-year Government Bond Futures. Notably, these products open 15 minutes earlier than the main stock market, starting at 8:45 instead of 9:00. The morning session runs from 8:45-11:30, followed by a lunch break from 11:30-13:00, and the afternoon session from 13:00-14:45.

Payment Timing: Important Factors

Besides trading hours, investors need to understand settlement times to avoid cash flow issues:

• T+0: Settlement on the same trading day
• T+1: Settlement after 1 trading day (excluding holidays, Saturdays, Sundays)
• T+2: Settlement after 2 trading days (excluding holidays, Saturdays, Sundays)

Specifically, bonds settle on T+1, while stocks, closed-end fund certificates, and ETFs settle on T+2.

Important Notes for Individual Traders

Trading hours across exchanges differ by about 15 minutes, and each time slot has different order types and priorities. If you are a beginner trader, focus on using LO orders — which can be applied continuously throughout trading hours. Also, plan your settlement times carefully to avoid funds being held up, especially when trading near weekends.