morgan-stanley-forms-joint-venture-in-vietnam

Morgan Stanley forms joint venture in Vietnam

The US investment bank is to form a joint venture securities firm with State Capital Investment Corporation.
Morgan Stanley and Vietnam's State Capital Investment Corporation announced on March 19 they would form a joint venture securities firm in Vietnam.

The JV, SCIC Morgan Stanley Securities, will be based in Hanoi and will shortly apply for relevant licenses. It expects to start operations by the end of calendar 2007. SCIC Morgan Stanley Securities intends to provide investment banking products such as MA advisory and capital markets underwriting, equity and debt sales and trading, equity and fixed income research, investment advisory, proprietary investment and custody services.

Capitalisation of the joint venture and ownership details between the partners were not disclosed. The two partners will hold equity in the joint venture together with...
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