Yuanta Vietnam has announced to increase its charter capital to VND1.5 trillion (US$64.5 million) to improve its competitiveness and ability to provide capital to domestic investors.
On August 5, 2020, the State Securities Commission of Vietnam approved Yuanta Vietnam’s application to rise its charter capital, making it one of stock brokers with the highest charter capital in the Vietnamese stock market.
Yuanta Vietnam has invested heavily in technology, improved its operation system, recruited new high-skilled employees, organized training courses both locally and abroad, and developed new products.
Specifically, the company has launched the YSR8 product. Accordingly, its customers registering to use the product will be refunded 100% of the interest sum of their margin loans if they meet certain requirements of the company.
To get more information about the product, customers can contact the company’s customer care division via phone number: (028) 3622 6868 (ext 1) or email: email@example.com, or contact employees of Yuanta Vietnam.
In addition, Yuanta Vietnam has introduced many attractive programs. Customers opening online accounts will receive e-vouchers and enjoy transaction fees of only 0.099% from May 1 to December 31 this year. They can also go to Taiwan to study the futures and warrant market with Yaunta Vietnam from June 1 to November 31.
As for derivative transactions, customers will have to put only 16.25% of the total amounts into their accounts. Yaunta Vietnam has also offered a preferential margin rate of 0.9% for customers using the YS9.0 product and exempted fees for customers transferring money from Yuanta Vietnam to all banks.
The charter capital increase proves Yuanta Vietnam’s commitment to maintain its strong and long-term development in the potential Vietnamese stock market. Yuanta Vietnam, a multi-section and multinational financial company which has operated for many years in various emerging markets, will continue proving its strengths, accompanying investors and offering outstanding, diversified and flexible financial products.
Yuanta Financial Holdings was developed from Yuanta Securities, which was established in Taiwan in 1961. Yuanta entered the Vietnamese stock market in 2006 by acquiring a 44.68% stake in The First Securities Joint Stock Company in Binh Duong Province. At the end of 2017, Yuanta acquired the remaining stake in the Vietnamese firm and took over it with the consensus of all shareholders. In February 2018, the State Securities Commission allowed it to rename as Yuanta Vietnam Securities Co., Ltd, move its headquarters to HCMC and increase its charter capital to VND1 trillion.
For more information, please visit the website: www.yuanta.com.vn.