The Ho Chi Minh Stock Exchange (HOSE) on July 14 granted a certificate of membership to Sakura Securities JSC, which is operated with a Japanese-designed management system.

Sakura Securities has a chartered capital of 41 billion VND (2.34 million USD), of which 51 percent is held by the Viglacera Corp. of Vietnam and the rest, jointly shouldered by Japanese firms, Aizawa Securities, Japan Asia Holding and Tanamark Investment Ltd.

Located in the capital city of Hanoi, the company will focus on securities brokerage and securities investment consulting.

Speaking at the first transaction session, Sakura Securities General Director Yokoyama Noria said his company expects to become a bridge between the Vietnamese capital market and Japanese investors.

Many Japanese investors consider the Vietnamese stock market a promising investment destination, Noria said, adding that the Japanese investors target mid-term and long-term profits and will help increase the market’s solvency and stability.

The general director said he hoped that with a Japanese-style management system, Sakura Securities will satisfy local customers by offering them a number of value added services./.