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Taiwanese securities firm to be listed in Vietnam

Taiwanese securities firm to be listed in Vietnam

Taipei, May 27 (CNA) Taipei-based Fortune Securities Corp., which has operated securities investment and services in Vietnam for the past three years, has recently been approved to become a publicly listed company there, a business source said Thursday.
Fortune Securities is scheduled to be listed on the Hanoi Stock Exchange in early June, making it the 10th securities house in Vietnam to become publicly listed and the first Taiwan-invested securities company in Vietnam to become listed, according to CX Technology Corp.
CX Technology, the world's largest producer of magnetic conductive components and parts for loudspeakers, is a major shareholder of Fortune Securities.
According to CX Technology, there are 104 securities firms in Vietnam, serving roughly 1 million clients nationwide.
Compared to Taiwan's 20 million clients out of a population of 23 million, Vietnam, with its population of 88 million, has huge potential for securities development, CX Technology said.
(By Han Ting-ting and Deborah Kuo)




Updated : 2020-12-01 04:30 GMT+08:00