Rong Viet Officially Launched The Derivatives Service

On August 28th, 2018, Rong Viet Securities officially launched the Derivatives Service after being granted a derivatives trading member status by the Ha Noi Stock Exchange (HNX) via Decision No. 537/QĐ-SGDHN dated August 21st, 2018 and settlement member status by the Vietnam Securities Depository Center (VSD) via Document No. 10/GCNTVBT dated August 27th, 2018.

Although the Vietnam Derivatives market has been around for less than 01 year, thanks to the active participation of investors, the liquidity has been increasing at a very fast pace, making it a highly potential market for investors. By joining in the Derivatives market, Rong Viet is committed to providing more services and investment channels for its clients.

In order to participate in the Derivatives market, Rong Viet had to meet many criteria in terms of financials, risk management system, and human resources (both management and investment advisors to clients). In addition, Rong Viet has also upgraded the information technology infrastructure and the Derivatives Order Management System (OMS) from the vendor in Hong Kong. Furthermore, Rong Viet’s online trading platforms (iDragon, tabDragon, goDragon) will provide clients with all necessary tools on all devices that can access the Internet in order for clients to conveniently and effectively trade through Rong Viet anywhere, anytime.

According to Mr. Nguyen Hieu, General Director: “The nature of Derivatives is high volatility, intraday trading, and high leverage; thus the profitability can be high, but the risk tolerance level of investors must also be high. As a result, Rong Viet emphasizes on training its staff as well as providing adequate information in order to help Rong Viet’s clients to raise awareness and understandings about this product. Thanks to a well conducted preparation process before joining in the Derivatives market, Rong Viet is confident that it it will soon catch up with other securities companies that have already participated in this market".

Rong Viet Securities Corporation (Rong Viet) was established in December 2006 and is a fully licensed securities company that offers a wide range of products and services including: Securities Brokerage, Financial & Investment Advisory; Proprietary Trading, Underwriting, Securities Depository, Derivatives and settlement services for Derivatives. After over 10 years of operation and development, Rong Viet has grown its Charter Capital from VND 100 billion in 2006 to over VND 1,000 billion in 2018. The Company has also won a various number of awards such as: Most improved brokerage over the last 12 months in 2016 and 2017 as well as 13 prizes in various categories in the Asiamoney Brokers Poll 2017; Distinct Securities Company Award 2017 & 2018 by the Vietnam M&A Conference, etc. 

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