Starting Business in Vietnam   

- Opened a branch of Woori CBV Securities in Ho Chi Min
- Plan to evolve as a leader in the online stock market in Vietnam with an advanced trading system

Woori Investment & Securities announced that it would hold a ceremony for the opening a branch of Woori CBV Securities, a joint venture with Vietnam, in HO Chi Min, and the launch of MUG, an advanced online stock trading system, on May 31. At the ceremony, VIPs including the president Seong-Ho Hwang, auditor Deuk-Hee Lee, the president of Woori CBV Securities Eung Yeo, and the president of Ho Chi Min Exchange Xing will participate.

The opening of a branch is expected to help the company expand the business throughout the country of Vietnam. Until now, Hanoi has been a key role in the company’s business.

Woori Investment & Securities acquired 49% shares of CBV Securities in September 2009 and newly launched a joint venture ‘Woori CBV Securities.’ The corporate headquarters are located in Hanoi and the company is operating 3 branches and 15 offices in Vietnam today.

Woori CBV Securities is well-known in the world. It is providing the VSI index which was independently developed to the Bloomberg and Reuter. The company also carries out investment banking services such as IPOs of state-run companies and restructuring consultations in the country.

An official of new business strategy department of Woori Investment & Securities said, “Woori CBV Securities plans to become one of the top five securities companies in Vietnam in three years. Also, we aid to evolve as a leader in the online stock market in Vietnam with the launch of MUG, an advanced online stock trading system.”