NH Investment & Securities Leads Vietnam Stock Market... Opens Hanoi Branch

[Asia Economy Reporter Hwang Yoon-joo] NH Investment & Securities is opening a branch in Vietnam and entering the local stock market.

NH Investment & Securities announced that its Vietnamese subsidiary, NH Securities Vietnam (NHSV), held an opening ceremony for its Hanoi branch on the 12th and has begun full-scale operations.

The Hanoi branch is located in the Hoan Kiem area, where high-net-worth individuals in Vietnam are concentrated, and plans to strengthen stock brokerage and asset management services.

NH Investment & Securities entered Vietnam in 2009 through a joint venture with the local securities firm CBV Securities, and in 2018, it launched NH Securities Vietnam (NHSV) by acquiring 100% ownership. To develop it as a key hub in the Southeast Asian emerging market, it has focused on expanding its sales organization and upgrading IT systems over the past four years. As a result of these efforts, NHSV turned profitable in 2019 and achieved an operating profit of 3.5 billion KRW in 2021.

By opening the Hanoi branch in addition to its Hanoi headquarters and Ho Chi Minh branch, NHSV has further strengthened its business foundation. NHSV is now staffed with a total of 78 employees, including 20 sales personnel at the Hanoi branch, 28 sales personnel at the Ho Chi Minh branch, 27 support staff at the Hanoi headquarters, and 3 resident employees, completing preparations to become a leading comprehensive securities firm in Vietnam.

In particular, last year, NHSV collaborated with Timo, Vietnam's largest internet banking platform, to launch a "mobile-based non-face-to-face account opening service," promoting the expansion of its digital business, and is actively creating business opportunities in the IB sector as well.

This content was produced with the assistance of AI translation services.