Sacombank signs strategic investment agreement

February 12, 2011 | 11:53

(0) user say

Sacombank Securities Company (SBS) and Singapore ’s DMG & Partners Securities Pte Ltd signed a strategic cooperation programme in Ho Chi Minh City on February 11.

illustration photo

Under the programme, SBS and DMG pledged to cooperate and share experiences in the areas of technology, brokerage, market research and the arrangement of workshops to introduce markets and opportunities for investment in Vietnam , said SBS chairman Nguyen Ho Nam.

Both sides will also join hands to introduce Vietnam’s leading businesses to investors in Singapore, Malaysia, Hong Kong, and provide information about the Vietnamese market for foreign investors, creating conditions for capital flows from foreign investors and investment funds into the domestic market, he added.

DMG CEO Nicholas Ng said with the experience, sustainable development basis and strength of both sides in local and regional markets, the two companies agreed that the cooperation programme would be a good opportunity to raise prestige, position and improve their operations’ efficiency in the near future.

Sacombank-SBS, one Vietnam ’s leading securities companies, provides investment banking services to domestic and regional capital markets. It expanded its operations to regional countries – like Singapore , Cambodia and Laos – with the aim of becoming a gateway for investment links, connecting the capital markets among countries and contributing to promoting the development of Vietnam’s securities market.

DMG Partners Securities Pte Ltd is a joint venture between OSK Berhad investment bank and Deutsche Asia Pacific. It is a member of the Singapore Stock Exchange.

VIR/ VNA

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional