The global economic picture remained mixed in 2015 with global growth estimated at 3.1%, 0.3 percentage point lower than 2014, according to the International Monetary Fund (IMF). Growth in emerging markets and developing economies (+4%), which contributed about 70% of the global growth, continued to slow for the 5th consecutive year.
Despite the global economic slowdown, Vietnam’s economy performed well in 2015. GDP increased by 6.7%, outperforming the government’s plan of 6.2%, while inflation was at a 10-year low of 0.6%. The industrial and construction sectors were the main contributors to GDP growth with a 9.6% increase. In 2015, Vietnam also progressed with a number of important free-trade agreements which will boost the country’s growth in future years. The most important of these agreements were the Trans Pacific Partnership (TPP), with 11 other member countries including the US, and the European Free Trade Agreement which is expected to come into force in 2018.
Meanwhile, Vietnam’s economy in 2016 is expected to show continued growth. With stable fundamentals and attractive demographics, Vietnam is considered to be one of the higher growth economies in 2016. Vietnam’s capital markets are expected to undergo significant changes in 2016. Firstly, foreign ownership limitations are expected to be removed/extended to attract foreign capital. Secondly, a number of large IPOs, including that of Mobifone, are planned in 2016. Thirdly, new products, including intraday trades and derivatives markets, are expected to be launched later this year. With all these developments, the capital markets will play a bigger role in the financial system and create growth opportunities for securities companies.
With such opportunities from the listed markets, privatizations and the private equity market, ACBS aims to have a more balanced business strategy in 2016 with contributions from investment banking and proprietary trading, whilst the brokerage business remains the major business line. Regarding proprietary investment, the investment limits and sizes will be strictly monitored. For the brokerage business, IT system upgrades, product development, stable margin policies and customer base diversification are major strategies for ACBS to win back market share in 2016. We expect ACBS to have a stronger performance in 2016, with improved diversification of income and a stronger core brokerage business.
With the new corporate culture of integrity, devotion, and versatility, as well as a newly launched corporate identity, presenting youth, energy, creativity, and reliability, ACBS is poised to be more competitive in 2016.
As of December 31, 2015, ACBS had:
- Chartered capital: VND 1,500 billion
- Equity capital: VND 1,823 billion
- Total assets: VND 2,226 billion
Since January 2, 2007, our information system has been centralized on the real-time basis. This assured the safe transactions and convenience for clients through out our branch network.
Beside, our system is fully integrated with ACB’s information system in the real time basis. This accelerates clients’ order placing process while reserving safeness for the cash accounts.
Currently, ACBS is a member of Society for Worldwide Interbank Financial Telecommunication (SWIFT). This assures our capability to serve our international clients 24 hours per day.
Independent Auditor: KPMG Viet Nam
ABCS is among longest tenured and leading securities companies in Vietnam and offers a full range of investment services to our clients, including:Securities brokerage services.
- Securities brokerage services.
- Margin services.
- Corporate financial consulting services.
- Underwriting services.
- Custody services.
- Research and investment advisory services.
- Fund management services (which is carried by ACB Capital, a subsidiary).
To ensure our clients receive the highest quality customer care, we have standardized our processes according to ISO 9001:2008.
To provide our clients with the highest level of transparency and security, as well as to ensure legal compliance, ACBS has maintained segregated client stock trading cash accounts since its establishment in 2000.
In order to provide clients convenient, we offer our services through 1 central branch, 7 other branches and 3 transaction points located in the eight largest provinces nationwide. Detailed information about our branch network can be found here.
In addition to our branch network, we offer our clients a low cost, online trading platform.
Acbs Brand Values
As oriented by ACB Group, ACBS means to exploit the growth opportunity of the capital market to become the one of the leading investment bank in Vietnam and carry out the missions of becoming a devoted broker for investors, a trusted partner for corporations who are looking for customized financial solutions, a great place for staffs to develop their careers and lives and a active member of the group which positively contributes to the parent company’s shareholder value.
Exploiting ACB Group’s economics of scopes.
Improving the financial capability and risk management competence and applying the international standards to the operation and management.
Improving operational capability as well as assuring the system safeness and stability.
Developing new products and improving customer service quality.
In the period of 2011-2015, ACBS set its goal as being one of 3 biggest investment banks in Vietnam in term of market shares without sacrificing its stability, safety and efficiency.
As a member of ACB Group, ACBS is oriented toward following principles:
One ACB” principle with the goals of offering clients with fully integrated products and services for complete financial solutions, offering staffs with complete growth opportunities and maximizing shareholder value.
Renovating and developing by gradually implementing appropriate international standards to management and operational processes.
Assuring the reasonable benefits of all stakeholders.
- The best overall sales services
- The most improved brokerage over the last 12 months
- The most independent research brokerage
- The best research coverage macroeconomics, banks and materials
- The best for events and/ or conference
- The best for roadshows and company visits
- The best salesperson
- Vietnam Leading Stock Brand 2010
- The Trusted Brand 2009
- ISO 9001:2008
- The Best Brand in Banking and Finance Sector 2008
- The Best Brand 2008
- Officially introducing new modern trading system which is more secured.
- Introducing ACBS Trading application for Desktop, Laptop, and mobile decives using Android operating system.
- Has the honor of being in the top 10 representative securities company in the Vietnamese securities market.