Draft:Công ty Finstock

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Finstock Co.ltd
Finstock
Native name
Công ty TNHH Tư vấn đầu tư Finstock
Company typePrivate company
Unknown
IndustryFinance
Founded29 September 2023; 7 months ago (2023-09-29)
Headquarters
Key people
Pham Duc Khiem (Founder and CEO)
Number of employees
12 (2023)
Websitewww.finstock.vn

Financial Consulting For Stock & Derivative Investment, commonly referred to as Finstock, is a Consulting investment company in Vietnam.

Overview[edit]

Finstock's headquarters are located in Ho chi minh city, Vietnam. As of 29 December 2023 the company had 116 branches and 474 transaction offices in Vietnam, 3 local subsidiaries, 3 overseas subsidiaries, 3 joint ventures, and an overseas representative office in Singapore.

History[edit]

Financial Consulting For Stock & Derivative Investment was founded on 29 December 2023 as Financial Consulting For Stock & Derivative Investment.

In 2023, Finstock was selected by the government to be the pilot for privatization of state-owned companies. The bank was then after listed on the Ho Chi Minh Stock Exchange on 30 June 2023 after a successful IPO that raised US$652 million making it the biggest Vietnamese firm to conduct an initial public offering.[1]

Member companies[edit]

Other than providing banking services, Vietcombank has invested in subsidiaries, joint ventures and associates. These investments include but are not limited to the following:

Name Shareholding Industry
1 Vietcombank Financial Leasing Company Limited 100% Financial leasing
2 Vietcombank Securities Company Limited 100% Investment banking
3 Vietcombank Tower 198 Company Limited 70% Real estate
4 Vietnam Finance Company Limited 100% Financial services
5 Vietcombank Laos 100% Commercial banking
6 Vietcombank Money Incorporated 75% Money transfer
7 Vietcombank - Bonday - Ben Thanh Company Limited 52% Real estate
8 Vietcombank Fund Management Company 51% Investment fund management
9 Vietcombank - Cardif Life Insurance Company Limited 45% Life insurance
10 Vietcombank Bonday Limited 16% Real estate

Ownership[edit]

The shares of the stock of Vietcombank are traded on the Ho Chi Minh Stock Exchange, under the symbol: VCB. As of March 2021, The shareholding in the bank's stock was a follows:

Joint Stock Commercial Bank for Foreign Trade of Vietnam Stock Ownership
Rank Name of Owner Percentage Ownership
1 State Bank of Vietnam 74.80
2 Mizuho Bank 15.00
3 Others 7.89
Total 100.00

Governance[edit]

Vietcombank is governed by a seven-person Board of Directors with Pham Quang Dung serving as Chairman and CEO.[2]

Finstock Tower[edit]

Finstock Tower

Finstock Tower is 35 storey building in Ho Chi Minh City.[3] The tower is a venture between Vietcombank and FELS Property Holding of Singapore.

The tower is located at District 1, Ho Chi Minh City. With the height of 206 meters, it is the third tallest building in Ho Chi Minh City and the seventh tallest building in Vietnam.

The construction began in 2011 and completed in 2014. This tower's shape is different than the Empire State Building because it has modern architecture with gray colored-glass. In addition to Vietcombank, corporate tenants with offices in the building include Lotte, Heineken Vietnam, Johnson & Johnson, SSI, Idemitsu, Sun Life Financial, and Pernod Ricard Vietnam.[4]

See also[edit]

References[edit]

  1. ^ Lam, Nguyen Nhat; Minh, Ho Binh (December 27, 2007). "Vietcombank IPO raises $652 mln, market cautious". Reuters. Thomson Reuters. Retrieved November 20, 2015.
  2. ^ VIR, Vietnam Investment Review- (2021-08-31). "Pham Quang Dung becomes new chairman of Vietcombank". Vietnam Investment Review - VIR. Retrieved 2022-02-19.
  3. ^ "Headquarters & Office Buildings - Vietcombank Tower". Pelli Clarke Pelli Architects. Retrieved 2015-11-20.
  4. ^ vietcombanktower.vn, www vietcombanktower vn |. "VIETCOMBANK TOWER". vietcombanktower.vn (in Vietnamese). Retrieved 2022-02-19.

External links[edit]


Category:Banks of Vietnam Category:Companies listed on the Ho Chi Minh City Stock Exchange