Representative office of China International Capital Corporation (Singapore) Pte. Limited in Ho Chi Minh City will officially operate

May 30, 2024
vi-lang Xem Tiếng Việt

On 27th September 2023, the State Securities Commission of Vietnam issued the formal approval for China International Capital Corporation (Singapore) Pte. Limited (CICC Singapore) to establish its representative office in Ho Chi Minh City, Vietnam (“CICC Rep Office in Vietnam”), with an operation period of 5 years.

On 4 May 2024, the State Securities Commission of Vietnam issued the first amendment to the RO Licence, pursuant to which the official address of CICC Rep Office in Vietnam is Room 721, Friendship Tower, 31 Le Duan, Ben Nghe Ward, District 1, Ho Chi Minh City, Vietnam.

The scope of operations of the CICC Rep Office in Vietnam is comprehensive and includes the following:

  1. We are Implementing the function of a contact office and conducting market research.
  2. We are facilitating the development of cooperation projects in Vietnam’s securities and the securities market sector.
  3. We are expediting and supervising the implementation of contracts and agreements between foreign securities company, foreign fund management and economic organisations of Vietnam
  4. We are expediting and supervising the implementation of projects in Vietnam funded by foreign securities companies and foreign fund management in Vietnam.

CICC Singapore is a subsidiary of China International Capital Corporation Limited (CICC, 601995.SH, 3908.HK). Founded in 1995,  CICC’s extensive network and cross-border business practices have offered high-quality, value-added financial services to a diversified client base. This includes a full-service business model that provides investment banking, equities, FICC (Fixed Income, Currencies and Commodities), asset management, private equity and wealth management services, all of which draw on its comprehensive research and technology capability.

As an investment bank with Chinese roots and International Reach, CICC consistently enhances its capabilities in capital market services through innovation in organization, mechanism, and products, to expand its brand and market influence, and strive to become a leading international investment bank. Focusing on key regions and business sectors, CICC keeps bolstering its international business capabilities, enhancing international cooperation, and actively contributing to the high-quality development of the Belt and Road Initiative (BRI).

Vietnam, a pivotal emerging economy in Southeast Asia, is one of the key members of BRI and the Regional Comprehensive Economic Partnership (RCEP). Over the past 16 years of the Comprehensive Strategic Partnership between China and Vietnam, relations between the two countries have maintained positive momentum, with deepening cooperation in bilateral trade and supply chains.

“In Vietnam, our mission extends beyond establishing a physical presence; we aim to plant the seeds for long-term partnerships. Our goal is to integrate CICC’s expertise with Vietnam’s entrepreneurial spirit, empowering local businesses and connecting them with the global capital market,” said Mr. Stephen Ng, Head of Southeast and South Asia and CEO of CICC Singapore. “We are committed to deepening our engagement, forging strategic alliances, and dedicating ourselves to the sustainable development of Vietnam’s economic landscape. We foresee a synergistic relationship with shared knowledge, resources, and visions, cultivating a fertile ground for mutual success and long-lasting impact.”

The CICC Rep Office in Vietnam is expected to operate officially from 28 June 2024. The Chief Representative is Mr. Tran Tuan Vinh. CICC Rep Office in Vietnam can be contacted via email at vinh.tran@cicc.com and via phone number at +84 (28) 3868 9335.