Viet Dragon Securities Company forges strategic alliance with Japan's Ryobi Group

Viet Dragon Securities Joint Stock Company (VDSC) and Japan-based Ryobi Group signed an MoU on September 13 aimed at expanding their strategic collaboration across various investment sectors, including investment banking, asset management, and customer network development.

Among the distinguished attendees were Toshiyuki Matsuda, chairman of Ryobi Group, and Nguyen Mien Tuan, chairman of the Board of Directors of VDSC, flanked by several senior leaders from both companies.

According to the agreement, both parties have committed to leveraging each other's strengths and expertise. Specifically, Ryobi Group will actively pursue market information and investment opportunities introduced by VDSC.

Concurrently, VDSC, capitalising on its core strengths, has pledged to assist Ryobi Group in exploring viable investment prospects across public equity, private equity, and fixed-income securities markets that align with the investment needs of Ryobi Group and its affiliated companies, as well as Ryobi Group’s extensive partner network.

Speaking at the ceremony, Matsuda remarked, "Ryobi's strategic direction will be increasingly geared towards overseas investment, with a particular emphasis on Vietnam. We believe that VDSC, with its deep-rooted relationships with Vietnamese conglomerates and businesses, will offer Ryobi invaluable market insights.

On our end, Ryobi’s diverse industry ecosystem has fostered numerous relationships with conglomerates and businesses. Based on this, we are optimistic about supporting VDSC in connecting with businesses keen on investing in the Vietnamese market."

On behalf of VDSC, Tuan said, “We are elated to collaborate and assist Ryobi Group, a leading multi-sector conglomerate in Japan, in identifying opportunities and expanding their investment footprint in the Vietnamese market. We are confident that our position, rich experience, and expansive partner and customer network will allow us to support Ryobi Group effectively, ensuring they capitalise on fitting and efficient investment opportunities in Vietnam.”

Ryobi Group, established in 1910 in Okayama Prefecture, Japan, is a multi-sector conglomerate offering services in diverse areas ranging from transportation and tourism to IT and urban development.

In Vietnam, Ryobi Group has maintained a subsidiary since 2015, operating predominantly in the transport sector.

KB Financial's 'glocalisation' strategy to focus on Southeast Asia Yoon Jong-kyoo, chairman and CEO of KB Financial Group, has reinforced the group’s commitment to its 'glocalisation' strategy, highlighting Southeast Asia, particularly Vietnam, as key regions for customised product offerings and market penetration.

DNSE Securities takes lead in new account openings in Q2 Despite multiple hardships, Hanoi-based securities firm DNSE posted impressive results in the second quarter (Q2) of this year, with 41 per cent jump in operating revenue while its accounting profit before tax skyrocketed by 720 per cent on-year.

Vietcap Securities raises $100 million in overseas loan Vietcap Securities has successfully secured a $100 million capital-backed loan from Mega International Commercial Bank, underscoring its growth ambitions and strengthening its financial standing.

Securities entrants intensify capital dynamics in Vietnam Amidst an evolving market landscape, numerous Vietnamese securities firms are aggressively augmenting their charter capital, aiming to fortify their positions and harness the booming stock market.