ubs-granted-vietnam-trading-code

UBS granted Vietnam trading code

The Swiss firm is awarded a licence to buy and sell securities in Vietnam.
UBS has scored a substantial win in Vietnam, announcing that it has been awarded a securities trading code registration certificate by VietnamÆs State Securities Commission. The news comes as the bank has also revealed plans to roll out economics coverage of Vietnam in the near term.

The trading code is required for all foreign investors looking to buy listed equities in Vietnam. Through these trading codes, regulators track foreign ownership in listed firms to ensure that foreign equity limits, which are 49% for most listed companies and 30% for banks, are adhered to. Presently, VietnamÆs stock exchange in Ho Chi Minh City lists the shares of 49 companies with an aggregate market capitalisation of approximately...
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