Regulars stroll into Indexx House several times a day for price updates, market rumors and the occasional fried-squid platter. Indexx House is a sign of Vietnam's conflicted attitude toward capitalism. But there is no one place to trade them. The Communist Party has been promising a stock exchange for more than five years. Others fear having to disclose information and are put off by all the rigmarole.
Traders gather in noodle shops, living rooms, bank lobbies and churches to buy and sell shares.
Investment clubs have weekly meetings, and members swap company balance sheets like prized baseball cards. There are four licensed securities businesses in Vietnam and several others seeking approval. Cement Transport Company to Sell Shares. But until then, we make our own markets. Indexx House is at the center of the action.