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VPBS receives third securities accolade for decade-long outstanding performance
VPBank Securities has been honoured by the Hanoi Stock Exchange for the third consecutive year as one of the best-performing securities firms.
The Hanoi Stock Exchange (HNX) recently announced the outcome of its programme to select the most outstanding members, including VPBS, for the 2005–2015 period. The member securities companies have made their contributions to the growth of the Vietnamese stock market in the 2005–2015 period.
“With the honour of being recognised as one of the most outstanding securities firms, VPBS has opportunities to contribute to building and improving the development policies of the stock exchange derivatives market, which is slated for launch by the end of 2016,” said the firm’s CEO Nguyen Lam Dung.
“We will do our utmost to become well-prepared in terms of resources to connect with the infrastructure system of HNX and the Vietnam Securities Depository, striving to establish operational excellence to best meet investor needs,” he said.
Under the programme, securities companies were evaluated based on HNX’s comprehensive criteria, including brokerage market share, securities traded in the stock market, membership obligation obedience, level of cooperation and coordination with the HNX, disclosure compliance, meeting the financial capability safety level of 180 per cent or more, as regulated by Circular 226/2010/TT-BTC in 2014, and number of years as an HNX member.
In order to prepare for the 2016–2020 period, HNX has launched a membership action plan which focuses on building stock exchange derivatives, activities aimed at developing products and services under the new regulations, and simultaneously continuing to operate and maintain the stable development of current markets.
In June 2015, VPBS received the “Best Investment Bank in Vietnam” award from Alpha Southeast Asia magazine. These achievements have reaffirmed VPBS’s commitment to operational excellence, and its efforts to realise the goal of becoming one of the preeminent securities firms in Vietnam and the region in 2015.
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