Securities firms in Cambodia - Vietnam (CVS) was officially launched into operation..

Publish date
10/05/2011

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Securities firms in Cambodia - Vietnam (CVS) was officially launched into operation..

On 24th Apr, 2011, in Phnom Penh, Kingdom of Cambodia, Cambodia – Vietnam Securities Corporation (CVS) was officially put into operation. Royal Prime Minister, Mr Samdech Techo Hunsen of Cambodia and Prime Minister of The Socialist Republic of Vietnam, Mr Nguyen Tan Dung personally cut the ribbon inaugurating the CVS.

This is one of the activities held at the entrance to the conference for promoting investment between Vietnam and Cambodia the second time under the chairmanship of the Prime Minister of the  two.

CVS was established under the license No 005.SECC/BLPH on 20th Oct, 2010 by the Securities Commission of Cambodia. CVS has charter capital is $ 10 million and is the only securities company licensed in Vietnam to fully implement the securities business in the Kingdom of Cambodia in such fieldsas: Investment Consulting, Brokerage, Financial Consultant; Issuance warranty and investment banking. In addition, CVS also has analysis  and research Departments to quickly update information for investors, offering useful recommendations and financial consultant section to assist business enterprises throughout the processes involved in the stock market in Cambodia.

CVS was established from the major shareholders as the Bank for Investment and Development of Cambodia (BIDC), the Corporation of Cambodia (IDCC), Bank for Investment and Development of Vietnam (BIDV), the company stocks Cambodia - Vietnam (CVI) and BIDV Securities Company (BSC)..

Thus, following the establishment of representative offices in Cambodia, establishing the Corporation of Cambodia (IDCC), the Bank for Investment and Development of Cambodia (BIDC), Insurance Company of Cambodia - Vietnam ( CVI), the CVS official opening marks the completion, covering the areas from finance to investment banking, insurance, securities, etc that BIDV has been implemented in Cambodia. The banks and the companies will also be a channel linking the cooperation in investment and trade between two markets Vietnam – Cambodia.

Reportedly, the Bank for Investment and Development of Cambodia - with the potential of technology as well as the strength of capital, personnel, etc was selected by The Commission to have appointing authority for payment for the Securities Market of the kingdom.

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