VNS signs comprehensive cooperation contract with Vietinbank

VNS Securities Joint Stock Co (coded VNS) officially signed acomprehensive cooperation contract with Vietnam Commercial Joint Stock Bank for Industry and Trade (Vietinbank) – Dong Da Branch on May 18, 2011.

Doan Ngoc Hoan, VNS’ general director stated that under the signed contract, the two parties would support each other in providing financial services for offering better services to customers. The bank and securities firm will cooperate in various sectors, including allowing the VNS’ investors to open their accounts in Vietinbank. Vietinbank will manage the investors’ payment accounts and supporting VNS in financial and advanced payment services for investors. In addition, Vietinbank also support VNS to introduce the investment opportunities for customers, seeking potential, strategic customers, especially those enterprises to go IPO.

Last year, VNS reported gaining total revenue of 77 billion dong and over 31.5 billion dong of after tax profit. The securities firm was also included in the list of few securities companies making profit in Q1.

At present, VNS has finished necessary procedures for listing shares on the Hanoi Stock Exchange (HNX). Hoan added that VNS-coded shares were supposed to be officially listed on northern bourse in Q3 of 2011.

Tags: Vietinbank, Vietnam banking industry, Vietnam finance, Vietnam financial

Posted by VBN on May 21 2011. Filed under Banking-Finance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry