Vietnam Financials: ABS

Friday, May 18, 2007

An Binh Securities and PVFC start cooperation

The An Binh Securities Company (ABS) signed a cooperation agreement with the PetroVietnam Finance Company (PVFC) to supply financial, banking, investment and securities services to their customers and partners, on May 17.

ABS is a leading securities company that has a chartered capital of 330 billion VND (20.6 million USD).

PVFC is the financial arm of the State owned Oil and Gas Group (PetroVietnam). It has a total chartered capital of 3 trillion VND (187.5 million USD) that the company plans to increase to 5 trillion VND (312.5 million USD) by late 2007.

Source: VNA

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Step 1:
Fill out Security Trading Code Registration Form and the Investor's information.

Step 2:
The Investor's information need to be notified by the notary public of the home country and the Vietnamese embassy.

Step 3:
Then the sealed hardcopy must be sent to the securities broker, who applies for a trading code. Step 4:
Fill out the application for a trading account, which you will receive from your securities broker. And send back a hardcopy.

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