The Vietnam Securities Depository (VSD) is now managing 1.6 million securities depository accounts , it was reported at a ceremony in Hanoi on October 3 to celebrate the VSD's 10 years of operation. — VNA/VNS Photo

HA NOI (Biz Hub) — The Vietnam Securities Depository (VSD) is now managing 1.6 million securities depository accounts , it was reported at a ceremony in Hanoi on October 3 to celebrate the VSD's 10 years of operation.

According to VSD General Director Duong Van Thanh, the total payment value of securities transactions in the first eight months of 2016 hit VND1,300 trillion (around US$58.3 billion), up 21 times compared to the figure of ten years ago.

VSD has granted 19,625 transaction codes to foreign organisations and individuals.

As many as 15 out of 17 open-end funds and two exchange-traded funds operating in Viet Nam selected VSD as the provider of transfer agent services a s of August 31.

On the occasion, the VSD was awarded the Labour Order - second class. — VNS