A Ho Chi Minh City university inaugurated Wednesday a simulated stock exchange room, the first of its kind in Vietnam.

It was built at a cost of VND20 billion ($947,000).

This will serve as an important facility to carry out research on finance, banking, and macroeconomics, according to Dr. Nguyen Tien Dung, president of the University of Economics and Law, to which the exchange room belongs. 

Thomson Reuters Eikon, a platform for market analysis run by British news agency Reuters, will provide the room with analytic tools, real-time data, and information on the financial and stock markets as well as on commodities and foreign currencies, Dr. Dung said.

Lecturers and students can conduct simulations related to the technical management aspects of the Vietnamese stock market and other analytical models in the room.

The university is a member of the Vietnam National University-Ho Chi Minh City, a group of top-tier higher education institutions in Vietnam.