The Viet Nam Joint Stock Commercial Bank for Private Enterprises (VP Bank) has been licensed in principle by the National Securities Commission to operate a securities company, announced the banks official on Oct. 17.
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The Viet Nam Joint Stock Commercial Bank for Private Enterprises (VP Bank) has been licensed in principle by the National Securities Commission to operate a securities company, announced the banks official on Oct. 17.
The VP Bank Securities Ltd. Co, which is estimated to have a charter capital of 50 billion VND, will act as a securities broker and a securities issuance guarantor.
It will also provide consultancy services relating to finance, securities investment and securities registery.
In June 2006, VP Bank set up its own asset management company, VP Bank AMC.
(Source: VNA)
