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Submitted by ctv_en_5 on Tue, 04/04/2006 - 17:00
BIDV Securities Company Limited (BSC), a 100 percent owned subsidiary of the Bank for Investment and Development of Vietnam (BIDV), officially announced on Tuesday that it will increase its legal capital from VND100 billion to VND200 billion, becoming the largest potential securities company in Vietnam.

BSC, one of Vietnam’s first securities companies listed at the HCM City Securities Trading Centre, is also the first securities company of a bank participating in securities activities.

 

After five years of operation, BSC has gained prestige and secured a firm foothold in the domestic market. The company was recently grated ISO 9001:2000 certificate.

 

BIDV also decided on Tuesday to increase the legal capital of its insurance company (BIC) from more than VND71 billion to VND100 billion, ranking it fourth among non-life insurance companies in Vietnam. The bank plans to increase BIC’s legal capital to at least VND150 billion by the end of this year.

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