HCM CITY — Brokerage Yuanta Securities Vietnam confirmed its commitment to ensuring prosperity to investors in the country’s financial market at a grand opening ceremony held in HCM City on Friday.

Yuanta Financial Holdings aims to dominate the Taiwanese brokerage market and become the largest securities firm there.

With its extensive customer network, Yuanta Financial Holdings has become one of the largest financial, banking, securities, and insurance companies in Taiwan and is gradually expanding its network throughout Asia.

It has been involved with the Việt Nam stock market since 2006 when it acquired 44.68 per cent of shares of the Bình Dương-based Đệ Nhất Securities Company.

At the end of last year Yuanta received approval from shareholders to acquire 99.95 per cent of the company.

In February Đệ Nhất Securities Company was renamed Yuanta Securities Vietnam Company following approval from the State Securities Commission, and its headquarters was moved to HCM City.

Yuanta Securities Vietnam has since been investing in advanced technologies, upgrading systems, improving processes, recruiting more staff, providing training within and outside Việt Nam, and developing new products. 

Recently it opened two new branches and launched its online trading application named YSWinner on both web-based and mobile platform.

Headquartered in HCM City’s District 1, the company now has branches in the city’s District 5, Bình Dương and Đồng Nai provinces and Hà Nội. 

It plans to open more branches in Hải Phòng, Đà Nẵng and Cần Thơ and other major cities in the near future. 

In September the company increased its charter capital to VNĐ1 trillion (US$42.92 million). Yuanta Securities Vietnam has more than 140 employees, all of whom are well trained at home and abroad. 

The board of directors and executive board in Việt Nam consist of a professional team with experience of working in financial institutions and securities companies in many countries around Asia. 

Yuanta Financial Holdings will continue to grow in the Asia Pacific region and rapidly achieve its goal of becoming the best financial services provider in the Asia Pacific.

Lê Minh Tâm, chairman of Yuanta Vietnam, said: “Yuanta Vietnam will connect Asian investors with investment opportunities in Việt Nam, serving as a bridge for Vietnamese businesses to tap capital markets. 

“The company is willing to assist Vietnamese securities market regulators, as far as possible, to access and exchange regulations, products and practices of securities markets in other countries. 

“This is to help Vietnamese businesses with finding strategic partners and listing their shares on foreign stock markets.”

The company provides a range of products and services, including brokerage, margin trading, securities depository, online trading, financial advisory, analysis, research, stock issuance advisory, bond issuance consultancy and M & A consultancy. 

With more than 50 years of experience working with large corporations and individual investors across Asia, Yuanta has become the continent’s leading financial services and brokerage house. 

Yuanta Financial Holdings was originated from Yuanta Securities, which was established in 1961 in Taiwan. — VNS