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CASH MANAGEMENT, RETAIL BANKING | Tony Chua, Vietnam
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StanChart Vietnam expands securities services

Global lender sees country as venue of exciting opportunities for local and international investors.

The Standard Chartered Bank announced Mar. 29 it was providing a full range of securities services including custody and clearing, fund and escrow to institutional investors in Viet Nam.

As the global economic recovery was now well underway with emerging Asian markets playing a significant role, Viet Nam provided an exciting investment opportunity for both local and international investors, the bank said in a press release.

Standard Chartered Bank Viet Nam aims to support investors better through their comprehensive securities services, as their clients strive to manage new fund flows to Viet Nam more efficiently and effectively.

Custody and clearing services will be provided to both domestic and offshore funds while fund services will be available to domestic funds in conjunction with supervisory services.

Since 2000, Standard Chartered Bank has been one of the top providers of custody/sub-custody services for foreign institutional investors in Viet Nam.

Additionally, the fund services are specifically developed to offer customers the flexibility of extensive reporting facilities along with supervisory bank services.

View the full story in Vietnam News.

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