Saigon Bank Berjaya Securities JSC (SBBS) is a joint venture between three strategic shareholders namely Inter-Pacific Securities SND BHD (IPS) directly under Malaysia-based listed company, Berjaya Corporation Group, Ky Hoa Tourism & Trading Co and Saigon Commercial Joint Stock Bank for Industry and Trade (Saigon Bank). SBBS was officially launched in Ho Chi Minh City on January 16, 2009 and fully licensed in all areas of securities trading and securities related business with charter capital of VND300 billion.
In the Malaysian language, Berjaya means success. And this is also SBBS’s goal in the Vietnam market. Although the results in the last 3 years of SBBS have been maintained at observation and understanding of the industry, its market share has been progressing steadily, to estimated 37th rank in Vietnam. And according to Ms Josephine Yei Pheck Joo, CEO of SBBS, the Vietnamese stock market still has a lot of room to grow.
In the last 3 years, with a combined strength of professional expertise and experience from Malaysia and Vietnam and supported by a modern and sophisticated trading system, SBBS has provided customers with a full range of stockbroking and corporate finance services. SBBS’s services include securities brokerage, internet trading, corporate finance & advisory, underwriting, research and other related investment banking services. In addition, SBBS’s research department has supported its customers with detailed analysis and in-depth research reports, market commentaries and stock trading strategies to add value to its clients’ investment decision making.
Especially, SBBS has also played an important role as a bridge for Malaysian investment, building cooperation between Vietnamese and Malaysian businesses in Vietnam.
Talking about the Vietnam securities market, Ms Josephine expressed that in terms of scale, the securities market in Vietnam is still modest and unstable. It is hard to attract large investors due to low liquidity. In addition, the quality of stocks is still low. These factors make Vietnam securities market unattractive for international investors. “2011 was a tough year for Vietnam stock market due to impacts from tightening monetary policies and high inflation. Vietnam faced macro-economic challenges and hence affected a sharp drop of VN-Index in 2011, investment channels were also affected by the negative situation of the world, especially the debt problem in Europe. However, there is a sign of recovery in 2012 because local stock market prices become more realistic, and 2012 will see a bumpy ride toward recovery of the Vietnam stock market,” added Ms Josephine.
Ms Josephine also highly appreciated the Government’s drastic measures to restore macro-economic stability and to regain investors’ confidence. And when the economy revives, the stock market will flourish.
With signs of recovery this year, especially the Vietnamese Government’s dedication and determination to handle macro-economic and inflation problems, SBBS – depending on scale of the local market – will open more transaction offices at strategic locations in Vietnam.
Le Phuong
Vietnamese
