Maybank Kim Eng Securities ups capital

Maybank Kim Eng Securities ups capital

Maybank Kim Eng Securities Limited receives Golden Dragon Awards that seek to honour the achievements of foreign-invested companies. — VNS Photo

HCM CITY — Maybank Kim Eng Securities Limited has added US$ 一0 million to its charter capital to VNĐ 一.0 六 trillion ($ 四 六. 三 八 million).

John Chong, CEO of Maybank Kim Eng Group, said the decision to hike the capital is in line with Maybank Kim Eng Group’s business strategy and clearly demonstrates the firm’s long-term co妹妹itment in Việt Nam.

“Việt Nam is one of the fastest growing economies in the region and a key component of Maybank Kim Eng’s ASEAN strategy.

“Being the first  一00 per cent foreign-owned securities company in Việt Nam, we are deeply invested here; we strongly believe in the potential of the country’s economy and want to ensure that its capital markets continue to grow.”

Kim Thiên Quang, CEO of Maybank Kim Eng Vietnam (MKEV), said: “Since we started our operations in Việt Nam in December  二00 七 with a charter capital of only VNĐ 二00 billion, we have increased our capital four times and by more than  四00 per cent.

“This additional capital will give us a strong foundation to enhance our competitiveness and increase our product offerings. In particular, with a capital of more than a trillion đồng, we will now be able to enter a new market to offer covered warrants."

The company has had a successful first decade, he said.

“To maintain our leading position, we will continue to focus on strengthening our retail brokerage, particularly online brokerage.

“Currently  八 六 per cent of our brokerage transactions are via online trading. Our target is to grow it to  九0 per cent. We are also looking to grow our institutional brokerage by tapping on MKE Group’s regional footprint and strong presence in ASEAN.

“As the gateway to ASEAN, we will continue to give Việt Nam’s corporates access to global investors, and bring global investors to Việt Nam.” — VNS