The Ho Chi Minh City Stock Exchange (HOSE) sits a few blocks from the murky Saigon River, thrust awkwardly into the heart of the city’s first district. Next door sits a bedraggled shop selling birds and snakes from cages.

It would be easy to allow the colorful chaos of the city to define the seven-year-old HOSE - a Roman-pillared aberration lost in a sea of motorbike fumes and fading colonial elegance.

Yet before long, it may be HOSE that comes to define the city.

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