January 14, 2011 | 21:40 (GMT+7)
Sacombank–SBS opens its securities firm in Cambodia
Sai Gon Thuong Tin Bank Securities Company (Sacombank–SBS) tomorrow will open its affiliate in Cambodia named Sacombank Securities Cambodia Public Ltd. Co (SBS-Cambodia)...
Sai Gon Thuong Tin Bank Securities Company (Sacombank–SBS) tomorrow will open its affiliate in Cambodia named Sacombank Securities Cambodia Public Ltd. Co (SBS-Cambodia).
The company leaders affirmed that SBS-Cambodia will start its operation on the morning of January 15th in Phnom Penh.
According to them, SBS-Cambodia has US$ 7 million of legal capital, specialising in securities trading and brokering.
Sacombank-SBS Chairman, Nguyen Ho Nam, said that the establishment of its affiliate in Cambodia is its first step to enter that financial market and is also a move to realise the goal “The door to connect investment” in the “Vietnam-Laos-Cambodia prosperous and developing triangle”.
According to statistics, there are 513 Vietnamese businesses operating in Cambodia, but Sacombank–SBS will be the first Vietnamese securities company in the market.
Source: DDDN
Translated by Thu Nguyen