MB Securities shuts down offices to combat coronavirus

Friday, Mar 27, 2020 17:17

A trading day at MB Securities Co. The company on Friday temporarily closed down all offices to stop physical contact between employees and customers and prevent the spread of the coronavirus. — Photo bnews.vn

MB Securities Co (MBS) on Friday closed alltrading offices and switched to online work to prevent the spread of the coronavirus in Viet Nam.

“The shutdown is temporary to stop physical contact between employees and customers. Trading offices will be closed until April 5,” MBS announced on Thursday.

As the coronavirus pandemic has been spreading and may cause severe damage to the health of people, MBS has been prepared for possible scenarios, the company said in a statement on its website.

“Solutions and safe working patterns have been set up to deal with the development of COVID-19. All employees have been trained for possible remote work,” the firm said.

“Resources, technology and contingency plans have been ready to serve customers, assuring security and quick access for investors.”

Other securities firms have also prepared for possible shutdown of trading offices. They also advise customers not to come to the trading houses if unnecessary.

SSI Securities Corporation (SSI) will hold an emergency drill on March 30 at its office on Nguyen Cong Tru Road, District 1, HCM City to make sure the health of customers and employees is protected.

The office will be closed during the training exercise. Other SSI offices in HCM City and other provinces and cities across the country are still open.

The exercise will activate the remote-work mode for all SSI employees at Nguyen Cong Tru office. Trading orders and services will be executed on SSI’s online platforms, SSI said.

The drill demonstrates an emergency situation in which SSI needs to lock down one of its offices and turn to remote working mode to prevent the coronavirus from spreading.

At VNDirect Securities Corporation (VNDS), the preparation is also completed to help the firm and its customers deal with a possible outbreak.

The company has had a training exercise that unplugged all offices and forced employees to work from home.

The company also recommended customers not to come to its trading houses. Customers can trade on the firm’s online platform and application. – VNS

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