The Saigon Thuong Tin Commercial Bank Securities Company (Sacombank-SBS) has opened an affiliate in Singapore, the first ever for a Vietnam’s securities company in a foreign country.

By opening SBS Global Investment Pte Ltd., Sacombank-SBS wants to become a leading Vietnamese financial institution and is expected to open investment opportunities for foreign partners in the local capital market.

According to President of SBS Global Investment Pte Ltd and General Director of Sacombank-SBS Nguyen Ho Nam, the company will help Vietnamese enterprises expand operations in such developing market as Singapore as well as set up relations with reliable foreign enterprises via Sacombank-SBS and look towards the listing of shares on the Singapore stock exchange (GPX)./.