Kim Eng opens its doors

July 23, 2011 | 14:34

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Kim Eng Vietnam Securities has launched a Can Tho branch.

The event comes after Kim Eng Vietnam, backed by Singapore’s Kim Eng Holdings Ltd., launched branches in Danang and Vung Tau, raising its total branch number to nine.

“We need to build up a strong foundation for Kim Eng’s long-term development in Vietnam,” said Kim Eng Vietnam general director Le Minh Tam.

The brokerage said it projected to open new branch in Long Xuyen, an economic centre in the Mekong River Delta.

It also indicated that there would be “new breakthroughs” in the near future, as it was strongly supported by the parent company Malayan Banking Bhd. - Malaysia’s biggest lender early this year had purchased Kim Eng Holdings Ltd. to extend its foothold in Singapore.

The company said it made a profit in the second quarter although the profit was “lower than expected.”

Kim Eng Vietnam’s current trading accounts increased 42.7 per cent year-on-year to more than 16,000. Hanoi Stock Exchange and Ho Chi Minh Stock Exchange’s Q2 market shares reports both ranked the brokerage firm at seventh among more than 100 firms in Vietnam.

By Hai Linh

vir.com.vn

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