The South Korean financial group Hana Financial Investment (HFI) has acquired a 35 per cent stake in BIDV Securities (BSC) in the form of private placement with a total transaction value of nearly US$117 million.
The Board of Directors of BIDV Securities Company (BSC) has approved issuing 65.73 million stocks as private placement to Hana Financial Investment Co Ltd (HFI).
The strong development of the stock market, with rising retail investors and financial investment demand, has prompted many banks to cooperate with securities firms and fund management companies to add more cross-selling products.
Experts have sounded the alarm about a new form of financial investment co-operation offering high interest rates, warning that investors could lose their capital in a rate trap.
Experts have warned that a firm legal framework and strict punishment measures are needed to manage virtual financial investment platforms, which they say are now out of control.
Deputy Prime Minister Vuong Dinh Hue on Thursday unveiled the advantages of investing in Viet Nam during a meeting with South Korean securities investors at the headquarters of the Korea Financial Investment Association (KOFIA) in Seoul.
HCM City’s People’s Committee has proposed the Prime Minister to approve the ion of State-owned HCM City Financial Investment Company (HFIC) as investor of the municipal financial centre, website enternews.vn reported.
The State Bank of Viet Nam (SBV) has announced that its current
inspection of banking operations was focusing on fields of high risk,
especially credit activity and financial investment.