VDSC Looks towards the Investment Bank Model

11:08 | 26/07/2010
The Viet Dragon Securities Corporation (VDSC) is one of the few securities companies that have been able to stand firmly in competition with the advantages that make them different from rivals.

Established in late 2006, VDSC has a special advantage - all the founding shareholders of the corporation are organizations/individuals operating in the fields of finance-banking, investment and trade. VDSC's founding shareholders include reputable financial institutions and capable, experienced financial experts. This has laid the foundation for the corporation to build up its reputation and operate successfully on the Vietnamese securities market in recent years.

With chartered capital of VND330 billion, VDSC's shareholders look towards the objective of turning VDSC into a leading securities company in Vietnam that operates in the form of an investment bank. "VDSC must be a securities company with the best-quality products and services, the most attractive working environment and the most effective business activities in Vietnam," said Nguyen Mien Tuan, a member of the management board and general director of VDSC. To realize its objective, VDSC has worked out a comprehensive development strategy.

Accordingly, the corporation will improve its financial capacity to meet the demand for investment capital, intensify human resource training, expedite the plans to expand VDSC's operations in major provinces/cities nationwide, provide customers with diverse products and services with support of a modern, safe information technology system. The first challenge that faced VDSC after it joined the securities market was the decline of this market, which led the corporation to losses worth more than VND80 billion in 2008.

At that time, despite difficulties, VDSC's shareholders believed in the recovery of the securities market and were determined to seek any way possible to stabilize and maintain the corporation's operations on the securities market. Thanks to strong confidence and creativity of its shareholders, VDSC has overcome the crisis and gradually achieved success in the environment of fierce competition. Nguyen Mien Tuan said that the crisis has helped VDSC make a new development strategy with clear objectives, both short-term and long-term.

Presently, after more than three years operating on the securities market, VDSC has a staff of nearly 250 members. The number of securities transaction accounts managed by VDSC has now exceeded 35,000 from more than 6,600 in late 2008. In terms of the number of accounts, VDSC is one of the top ten securities companies in Vietnam. I

n terms of brokerage service, in the first five months of 2010, the corporation held a two percent market-share on the Ho Chi Minh Stock Exchange (HOSE) and 1.1 percent on the Hanoi Stock Exchange (HNX). VDSC is making further efforts to provide customers with the best-quality products and services to help themsucceed. Nguyen Mien Tuan said that in the third quarter of 2010 VDSC will put into operation a modern information technology system to improve the quality of products and services. At the same time, the corporation will continue to improve the quality of human resources and management skills as well as customer care and investment consultancy./.

By Boi Nguyen

ven.vn

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