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Maybank Kim Eng: 10 years growing with Vietnam

Released at: 14:05, 16/04/2018 BUSINESS SPOTLIGHT

Maybank Kim Eng: 10 years growing with Vietnam

Photo: MBKE

Bank celebrating 10th anniversary and received a Certificate of Merit from the SSC for its contribution to the development of Vietnam's stock market during 2007-2017.

by Hong Nhung

Maybank Kim Eng Securities Limited (Maybank Kim Eng Vietnam) is one of the largest foreign-owned investment banks and stockbroking houses in Vietnam and is the first fully foreign-held brokerage firm licensed by the State Securities Commission (SSC). Operating in Vietnam since 2008, it offers a full range of financial services, including brokerage, internet and mobile trading and research, investment banking, and corporate finance advisory services.

Local expertise with global reach

Maybank Kim Eng Vietnam is a member of the award-winning Maybank Kim Eng Group, one of the strongest investment banks in ASEAN. Deeply entrenched in the markets it is present in, Maybank Kim Eng has been supporting the growth of ASEAN corporates for over 40 years and is one of the largest equities franchises in ASEAN.

To widen its footprint in North Asia, the group has signed strategic cooperation agreements with top-tier brokerages: Taiwan’s Cathay Securities, Japan’s Mizuho Securities, and South Korea’s Daishin Securities. Together with its presence in Hong Kong, Maybank Kim Eng now has comprehensive coverage in the key capital markets in Asia.

Maybank Kim Eng Vietnam can tap into the group’s widespread network to link local clients with ASEAN opportunities and at the same time introduce Vietnam’s stock market to foreign investors, which in turn will help attract foreign direct investment (FDI) to the country.

Local insights with regional perspective

Maybank Kim Eng Vietnam is backed by a strong research team that covers the Top 60 companies on the Ho Chi Minh Stock Exchange (HoSE) and the Hanoi Stock Exchange (HNX), with market cap representing around 80 per cent. The research team was voted Best Research Coverage in Vietnam for the Industrials Sector in the Asiamoney Brokers’ Poll 2016 and Best Team for the Small Cap and Best Team for the Automobiles and Components Sector in the Asiamoney Brokers’ Poll 2017.

Regionally, Maybank Kim Eng Group’s on-the-ground research team provides thematic, in-depth country analysis and bottom-up reports on 500 public listed corporates in eight countries: Malaysia, Singapore, Thailand, Indonesia, the Philippines, Vietnam, Hong Kong/China, and India. The award-winning research team was recently voted among the Top 10 for Regional Research by global fund managers in the Asiamoney Brokers’ Poll 2017.

Supporting the development of Vietnam’s securities and capital markets

Maybank Kim Eng Vietnam has also been active in promoting the progress of Vietnam’s securities market.

It renewed its collaborative Cooperation and Technical Support Framework Agreement with the SSC in 2016 to advance the sustainable growth and long-term development of Vietnam’s capital market, to elevate its status to an MSCI Emerging Market. This includes the sharing of best practices and standards in the areas of risk management and control, corporate governance and compliance, product development, and standard accounting and reporting systems.

Vietnam’s stock market has become one of the most attractive destinations for international investors thanks to the solid progress made in the State-owned enterprise (SOE) equitization process and the government’s focus on calling for foreign investment. With synergy from the group, Maybank Kim Eng is proud to be one of the pioneers in being a gateway for attracting foreign capital into Vietnam’s stock market as well in taking great growth stories of Vietnamese enterprises to the world.

On March 7, Maybank Kim Eng worked with VinaCapital to host a Corporate Day in London, showcasing several of Vietnam’s most dynamic companies, such as Coteccons, FPT Retail, HDBank, Phu Nhuan Jewelry, Eximbank, and Vietjet Air to about 100 institutional investors whose total assets under management exceed $7 trillion. The event was highly regarded by all in attendance.

Prior to that, in August 2017, Maybank Kim Eng and FinanceAsia jointly held the “Vietnam Roundtable 2017”, an exclusive roundtable discussing Vietnam’s changing landscape and burgeoning opportunities. The event was attended by 40 to 50 representatives of investment funds, regulators (HoSE and HNX), and authorities from the Ministry of Finance and the Vietnam Asset Management Company (VAMC).

Leveraging the group’s deep investment banking and advisory expertise, Maybank Kim Eng Vietnam has been steadily building up its local investment banking team to support the rise in funding activities in Vietnam. The firm’s work on Vingroup’s $300 million term loan facility was named Best Syndicated Loan in Vietnam by The Asset Triple A Country Awards 2016 (Southeast Asia). It was also mandated as the lead arranger for the Saigon Beer, Alcohol and Beverage Corporation (Sabeco)’s listing on HoSE in December 2016.

Maybank Kim Eng Vietnam’s professionalism and quality services have received strong recognition and endorsement by the industry. Prestigious awards include Vietnam Economic Times’ Golden Dragon Award (2011 to 2017) and Best Retail Broker by Alpha Southeast Asia from 2011 to 2015. In 2016, it was named Best Brokerage by The Asset Triple A Country Awards 2016 (Southeast Asia). Regionally, the Maybank Kim Eng franchise was named Best Broker in Southeast Asia (2014 and 2015) and Broker of the Decade in Southeast Asia by Alpha Southeast Asia. 

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