New trading system KRX to offer fresh opportunities for stock investors in Vietnam: Mirae Asset exec

The new stock trading system KRX, once in place, will open up many new opportunities for investors in Vietnam, said Lee Dong Won, director of technology at Mirae Asset Securities (MAS).

With this new technological platform, market regulators and operators will be able to deploy advanced trading solutions such as T+0 (settlement right on the trading date), securities pending settlement, short selling, and options contracts, he told the “Pho tai chinh” (Financial Street) talkshow on Monday.

These solutions will not only increase liquidity but also make the market more professional, he said. According to estimates, if these new products are made available, market liquidity could double or even triple compared to current levels.

This will also be a key factor in helping Vietnam upgrade its stock market status from “frontier” to “emerging” in the near future, he added.

According to Lee, the stock market is playing an increasingly vital role as an important channel for medium- and long-term capital mobilization.

In 2025, the Ministry of Finance announced that it would continue to implement comprehensive solutions to develop the stock market in a stable, transparent, and sustainable manner.

Among these solutions are accelerating the application of the KRX system and encouraging market members to quickly upgrade their technological systems to better serve investors, thus further developing the stock market.

Lee commented that securities companies, including Mirae Asset, are ready to connect and conduct trial runs of the new system. Recent tests have shown that the system operates smoothly without major issues.

In relation to information technology, he highlighted that the application of AI is becoming an inevitable trend. However, introducing AI into the stock market requires thorough considerations.

While AI offers many benefits for the stock market, it must be applied cautiously. The most important is ensuring clean and accurate data input to train the AI. The team at Mirae Asset is committed to tightly controlling this process to ensure the most accurate and secure analysis results for investors, he noted.

Lee cited that at Mirae Asset Financial Group in South Korea, the application of AI has helped reduce or automate simple tasks. For instance, investors can access 24/7 support via an AI chatbot, receiving complete responses at any time without obstacles.

Furthermore, AI aids in collecting vast amounts of data, something that would be labor-intensive or even impossible for humans to do. This data enables objective and diverse market trend analyses, helping investors make quicker and more accurate decisions, he added.

However, investment emotions still have an impact on outcomes, Lee noted. Therefore, AI currently serves as a tool to assist, not replace, human judgment.

Mirae Asset will continue to invest in and develop its advisory team through training programs and turning them into wealth management specialists, offering investors more investment options. This means that investors will have advisors to guide their decisions, and AI will help expedite the process, he said.

Enhancing the application and innovation of technology in the securities field is an inevitable trend that will open up more opportunities for investors, increase liquidity in the market, and boost the process of upgrading and enhancing the role of the stock market in the new era, Lee added.