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