Shinhan Securities Vietnam raises its charter capital to conquer retail market

Wednesday, Dec 29, 2021 08:01

By increasing charter capital from US$35 million to nearly US$87 million,Shinhan Securities Vietnam is ready to welcome growth in the Vietnamese stock market. — Photo SSV

Shinhan Securities Vietnam (SSV) has increased its charter capital from US$35 million to nearly US$87 million. This will be a strong motivation for the company to conquer the retail market in Viet Nam.

The charter capital from the Korean parent group Shinhan Investment Corp will help Shinhan Securities Vietnam increase its capacity to provide margin loans, and increase investment in system upgrading and process improvement, with an aim to become one of the top 10 stock brokerage services in the market in the next two years.

To realise its goals amid system digitalisation, SSV has invested and put into use a new securities trading system deployed on three different systems: home trading, web trading and mobile apps.

Designed with a professional dark mode interface, the new system is particularly user-friendly and fully integrated with stock utility services, ensuring safety and security. Regarding the Shinhan Alpha VN app, the system also allows smart logins via password, fingerprint or face ID.

In addition, the system allows investors to update information on market fluctuations, timely and accurate financial data, and manage portfolios intuitively – including data such as profit and loss statistics, investment efficiency, and asset proportion over time.

It also enables quick and timely transactions while monitoring the market and stocks.

Along with the trading system, SSV has also been optimising other systems, such as eKYC authentication during online openings for trading accounts, allowing investors to open accounts quickly, anytime and anywhere, without the need to visit a counter.

Other SSV services such as escrow with competitive interest rates and pre-sale services are also available.

Shinhan Bank customers can also easily access the service and open a securities account through the affiliate link on the Sol app. — VNS

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