Morgan Stanley builds Vietnam business

The firm pairs up with Gateway Securities to offer a range of services in Vietnam.

Morgan Stanley announced on Wednesday that it has received regulatory approval from VietnamÆs State Securities Commission SSC to set up a domestic presence in Vietnam with local partner, Gateway Securities.

The venture, in which Morgan Stanley will own a 49% stake, will be based in Hanoi and operate as Morgan Stanley Gateway Securities Joint Stock Company Morgan Stanley Gateway Securities. Detailed terms of the transaction were not disclosed.

But the firm did announce that the new venture has received...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: morgan stanley | vietnam

Print Edition

FinanceAsia Print Edition