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VietNamNews

SSC signs stock market development deal

Update: August, 30/2013 - 10:08
The Sate Securities Commission (SSC) and financial company Maybank Kim Eng Holdings on Wednesday agreed to a deal on providing technical assistance to develop the stock market.— Photo SSC

HA NOI (VNS)— The Sate Securities Commission (SSC) and financial company Maybank Kim Eng Holdings on Wednesday agreed to a deal on providing technical assistance to develop the stock market.

Under the agreement, the SSC and the company will concentrate on collaboration in sectors of interest to both sides for the purpose of boosting the sustainable growth of the Vietnamese stock market.

Maybank Kim Eng will support the SSC in consulting on the establishment of legal documents. In addition, both sides will together organise conferences and workshops, conduct training courses and operational checks, and develop new securities products.

The SSC chairman, Vu Bang, said: "We and the stock exchanges have been working with many international agencies and large financial corporations. We welcome the co-operation of Maybank Kim Eng in sharing its experience in building the market and expanding linkages with the region to lead foreign investment into Viet Nam."

The company's general director Tengku Dato Zafrul stated that this agreement was important to the development of the Vietnamese stock market, especially when it was integrating more comprehensively into the world.

With more than 50 years operating in the global financial market, Maybank Kim Eng is expected to help the SSC fulfill its legal framework consistent with international standards. — VNS

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