Maybank Kim Eng and State Securities Commission of Vietnam Renew Collaboration to Further the Development of Securities Market
Vietnam (Ha Noi), 14 November 2016 – Maybank Kim Eng and State Securities Commission (SSC) today renewed its collaborative Cooperation and Technical Support Framework Agreement to advance the sustainable growth and long-term development of Vietnam’s capital market.
Under the scope of the three-year agreement, Maybank Kim Eng and SSC will collaborate to develop Vietnam’s securities market to elevate its status to an MSCI Emerging Market. This includes the sharing of best practices and standards on areas of risk management and controls, corporate governance and compliance, product development, standard accounting and reporting system.
Speaking at the signing ceremony held at Ha Noi today, Maybank Kim Eng Chief Executive Officer, Dato’ John Chong said: “We are honoured to collaborate with SSC again. Vietnam, with its attractive demographics and rising economy, is not only an important market for us, but also an attractive one for global investors looking to tap into the ASEAN opportunity. With 6 local branches, Maybank Kim Eng is deeply entrenched and invested in the Vietnam market. We are keen to share our regional expertise and experience gleaned from our operations in 6 ASEAN countries, to help contribute to the development of Vietnam’s securities market.”
Today’s occasion strengthens the existing alliance forged in 2013 where a similar agreement was signed by the two parties.
Vice Chairman of SSC, Ms. Nguyen Thi Lien Hoa said: “We are pleased to continue our co-operation with Maybank Kim Eng, ASEAN’s leading investment bank with the largest Equities coverage in the region. The joint efforts for the past 3 years have made significant inroads in the development of Vietnam’s securities market but today’s signing symbolises our intent to intensify that collaboration to further strengthen the infrastructure, efficiency and liquidity of the capital market to enhance its attractiveness to investors.”
Maybank Kim Eng is the largest foreign-owned investment bank and stockbroking house in Vietnam and is the first 100% foreign held brokerage firm approved by State Securities Commission. Operating in Vietnam since 2008, Maybank Kim Eng offers a full range of financial services including brokerage, internet & mobile trading and research, investment banking and corporate finance advisory services. A demonstration of its long-term business commitment in Vietnam, Maybank Kim Eng has been working together with the country authorities on various fronts to support the development of the Vietnamese capital market.