The market will initially start with two main derivative products – stock index and government bond futures – and once fully operational, more instruments will be introduced, the exchange said.
The launch of the derivatives market is designed to support the country's stock market by providing more instruments to hedge risks and attract more investors.
Deputy Prime Minister Vuong Dinh Hue said making more products available is a positive step. Gains would be gradual, but overall it could help the Vietnam efforts to become a viable emerging market, he said.
The plan was approved in 2014 by then Prime Minister Nguyen Tan Dung and has been welcomed by experts and investors following feasibility studies. In Southeast Asia, Singapore and Thailand also have derivatives markets.