Maybank Kim Eng and State Securities Commission (SSC) has 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 new 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.
“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,” Maybank Kim Eng’s chief executive officer, Dato’ John Chong said. “With six local branches, Maybank Kim Eng is deeply entrenched and invested in the Vietnamese market. We are keen to share our regional expertise and experience gleaned from our operations in six ASEAN countries, to help contribute to the development of Vietnam’s securities market.”
The new agreement strengthens the existing alliance forged in 2013 where a similar agreement was signed by the two parties.
“The joint efforts for the past three years have made significant inroads in the development of Vietnam’s securities market but the new agreement 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,” said vice chairwoman of SSC, Nguyen Thi Lien Hoa.
Maybank Kim Eng is the first 100 per cent foreign-owned brokerage firm approved by SCC. Operating in Vietnam since 2008, Maybank Kim Eng offers a full range of financial services including brokerage, internet and mobile trading and research, investment banking and corporate finance advisory services.