JB Securities strives to contribute to growth of Vietnam s capital markets

JB Securities strives to contribute to development of Vietnam's capital markets
Kim Dooyoon, CEO of JB Securities Vietnam

What’s your evaluation of the monetary panorama of the nation, and the way have you ever seized alternatives?

Within the final three years dwelling and dealing in Vietnam, I’ve discovered that for Vietnamese enterprise, the principle supply of financing is generally from banks, and the capital markets are within the early stage in comparison with peer international locations in Asia.

As Vietnam’s financial system grows quick in comparison with different international locations, I anticipate that its capital markets may also develop to fulfill the funding wants from the industries, based mostly on my expertise and research in Korea and the US.

With this expectation, I’ve determined to deal with the debt capital market first since I joined JB Securities Vietnam (JBSV) three years in the past. Specifically, within the final two years, JBSV has suggested company bond issuances and made commitments to take a position greater than 1 trillion VND.

Because of our sturdy monetary analytical abilities and superior threat administration scheme on the bonds, JBSV has been profitable within the debt capital markets with out having any single issue even through the company bond market turbulence during the last 12 months.

On the similar time, with the idea within the sturdy progress of the Vietnam fairness market, I’ve additionally ready for the securities brokerage enterprise. The variety of accounts for securities buying and selling has greater than doubled within the final three years from about 3 million to 7 million, which additionally exhibits the massive potential to develop contemplating Vietnam’s inhabitants and peer international locations.

To take a special strategy for this enterprise, JBSV has spent greater than a 12 months creating methods with important quantities of assets and funding to introduce a reliable securities funding platform.

JBSV’s Finavi on-line brokerage platform has the potential to ship significant affect out there. Are you able to present an outline of the distinctive options of the Finavi on-line brokerage platform, which set it aside from different such platforms?

Finavi has two variations, a cell buying and selling system (MTS) which is especially for F0 and less-experienced buyers, and an internet buying and selling system (WTS) for intermediate {and professional} buyers. Now we have totally different custom-made variations of WTS for intermediate {and professional} buyers, respectively.

We attempt to make the MTS so simple as potential for securities funding with visualised design, in order that new buyers really feel extra comfy accessing the securities markets. The MTS offers a real-time rating service based mostly on market information and exhibits what shares different comparable buyers are investing in.

With the WTS, to ensure that the skilled buyers to customise buying and selling home windows with ease, we incorporate superior features and options resembling a multi-display interface and speedy order. We have been in a position to brazenly implement our concepts in our system as a result of we’ve got developed the methods by ourselves as a substitute of utilizing ready-made securities buying and selling options.

Specifically, we’ve got included features, options and design of securities buying and selling platforms fashionable in Korea into our Finavi platform. Within the means of growth of the system, Korean IT professionals have labored intently with our Vietnamese IT consultants to mix native platform types and values with Korean concepts and experiences.

General, our objective is to offer a state-of-the-art person interface – an idea that’s already well-received in South Korea. We anticipate that Vietnamese buyers may also discover it interesting and worthy to be chosen.

JB Securities strives to contribute to development of Vietnam's capital markets
JBSV’s Finavi securities buying and selling platform goals to offer technologically superior securities buying and selling providers with excessive price effectivity

JBSV’s on-line brokerage platform, Finavi, goals to offer cost-effective and completely tech-based securities buying and selling providers. Might you elaborate on how Finavi advantages buyers?

Some securities corporations make the most of securities brokers to draw buyers to inventory markets whereas in another international locations resembling Korea and the US, particular person buyers don’t depend on brokers a lot.

As we goal for tech-based on-line securities buying and selling providers with out brokers for common buyers, we’ve got much less burden on the overhead prices incurred by brokers. We will return this advantage of cost-savings to the shoppers by charging a minimal brokerage charge. To ensure that the buyers to get pleasure from the advantages as a lot as they will, we’re even providing a lifetime zero brokerage charge for many who open an account at Finavi by the top of this 12 months. By sharing the advantages with our shoppers, we may also help our shoppers get entry to the inventory markets with decrease price. Together with that, Finavi prospects can profit from our aggressive margin lending providers out there.

I’m assured that when new buyers expertise our Finavi platform, they may grow to be long-term shoppers to us. Now we have ready a collection of initiatives to draw buyers together with opening account promotion, inventory index forecasting occasions, off-line instructional occasions, and particular margin mortgage merchandise.

Aside from Finavi’s funding platform, I additionally wish to introduce our service for company shoppers, together with company monetary consulting. JBSV plans to leverage its experience in funding banking enterprise to higher serve company shoppers. Along with brokerage and margin lending providers to them, we offer complete company finance consulting providers which embrace company bonds issuance, preliminary public providing (IPO) and merger and acquisition (M&A). Our company shoppers and their administration can expertise world commonplace funding banking providers with our sturdy dedication and integrity.

They’ll additionally take into account company bonds funding, which JBSV itself additionally invests in for higher funding returns. As a complete securities enterprise providers supplier, we join capital, corporations and buyers with resourceful concepts with integrity.

Are you able to develop on the function of environmental, social, and governance (ESG) ideas in your day-to-day operations and the way they align with your corporation fashions and targets?

ESG requirements are at the moment a worldwide objective which helps our societies make sustainable progress. For the final 3 years main the corporate, I’ve emphasised ESG standards along with 17 Sustainable Growth Targets (‘SDG’) set by the United Nations in doing enterprise. I prioritised instilling the ESG and SDG idea inside our imaginative and prescient, mission, and core values. This course is consistent with the Vietnam authorities’s long-term technique. Every time JBSV makes investments in company bonds, this precept shapes every of our choices.

For our firm, it’s paramount to ship providers with the utmost transparency, integrity and dedication for sustainable progress. At the moment, we’re within the preliminary levels of creating ESG-focused merchandise. Collaborative efforts with different monetary corporations are within the pipeline, emphasising our intention to lean closely into ESG and broader sustainable growth targets. This isn’t nearly short-term features, but additionally about making certain sustainable progress for our firm and society.

There may be typically a debate surrounding the implications of ESG adherence, with some arguing it’s for improved picture and status. What’s your take?

There’s a false impression that corporations embrace ESG merely for optics. I’ve noticed that JBSV’s mom group, JB Monetary Group, has efficiently built-in ESG administration and subsequently earned optimistic evaluations. And there are many ESG targeted funds worldwide. Thus, whereas ESG is likely to be seen by some as a mere image-enhancer, when genuinely built-in, it may be a linchpin for sustained progress and worth.

We do not simply see sustainability as a objective. It’s pivotal to our progress, and we’ve got taken proactive steps to align with these beliefs. Along with Vietnam’s goals for net-zero by 2050, JBSV will proceed to put a powerful emphasis on sustainability with ESG and SDG management. With this precept in thoughts, I’ll information our groups to work with integrity and dedication to our clientele, making certain that each choice underscores our dedication to a sustainable future.

Along with your huge worldwide expertise, what rising developments do you foresee in Vietnam’s monetary sector?

Within the close to future, the Vietnam debt and fairness markets will develop quick, which in return advantages buyers too. Once I draw parallels with more experienced monetary markets, I see immense potential. Although I reserve feedback on authorities coverage, I anticipate these markets will supply important financing options to native corporations and industries.

One other avenue that I can foresee is in exchange-traded fund (ETF) merchandise, fashionable in international locations just like the US and South Korea. ETFs supply buyers simpler choices in comparison with particular person shares. For example, an ETF specializing in renewable vitality can capitalize on sector-specific developments.

What are the long-term targets and imaginative and prescient for JBSV, and the way do you envision its function in shaping Vietnam’s monetary panorama?

Our final ambition is to develop alongside the Vietnamese capital markets. If we will contribute to cultivating a prudent funding tradition, that might be a monumental achievement to me. In Korea, I had labored for a monetary regulatory organisation for about 20 years and realised how vital it’s to construct the correct funding tradition.

Our goal is twofold, we wish to arm particular person buyers with funding information, making certain they strategy the market with confidence, and supply company shoppers with optimum monetary options, spurring their sustainable progress. It’s about collective progress – and we intend to guide in making that change.

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