Four new brokerages houses were licensed last week to participate in trading with the HCM City Securities Trading Centre (HSTC), with bourse officials predicting that the broker’s club would grow even larger in the near future to meet the demand of stock market traders.
The VPBank Securities Co was the largest of the four new brokerages, with a chartered capital of VND50 billion (US$3.1 million).
The managers of the company said that it would provide customers with the best services in securities including consultancy, share custody, and underwriting, from the professional staff certified by the State Securities Commission.
Sao Viet Securities Co, with VND20 billion ($1.25 million) in chartered capital, also joined the HCM City bourse. Its management board chairman, Vu Hong Su, said the company already had 3,000 clients. Its highest potential market for new clients were real estate investors looking to diversify in the stock market, as one of Sao Viet’s founding shareholders was a real estate development company.
He also added that the company was co-operating with Southern Bank to provide customers with payment services and securities analysis. The company planned to co-operate with the foreign partners to support domestic investors in advanced techniques in securities trading.
The Bien Viet Securities Co was expected to lure clients from its strategic shareholders, the Viet Nam Tea Corporation, which contributed 21 per cent of its chartered capital.
Tam Nhin Securities Co has chosen overseas Vietnamese as its target client base, said general director Luu Tuong Bach.
According to Huy Nam, a securities analyst, each of the new brokerage houses comes to the trading floor with specific advantages, contributing to the development of the Vietnamese stock market and opening more opportunities for investors to participate in trading.
Source: VNS
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