HCMC – The U.S.-based broker of off-exchange retail foreign currency, Interbank Forex, has unveiled its plans to seeks partners in Vietnam through its Private Label Forex Trading Tools and Education.
Speaking at a press conference held in HCMC on Friday, an executive of the company said that it is looking for opening a representative office as soon as possible to expand its operation in Asia, after Korea. Its aim is to examine the market and provide information to Vietnam’s leading financial and banking executives, said Abigail DeGraff, Interbank Forex’s Global Public Relations.
She said that the company is looking for some five to ten local partners from banks, investment firms, securities brokerage houses and financial institutions.
In a press release sent to the Daily earlier, Peg Reed, Interbank FX managing director of global partnerships, said: “This is our first step in partnering with Vietnamese financial institutions. Our track record demonstrates that in countries where banks readily adapt our private-label Forex products, we soon follow with investments and staffing.”
The company said that its research shows that the Vietnamese market is highly potential. An estimate from the World Bank, says the company, shows that Vietnamese people are keeping some US$9.7 billion in dollar notes at home.
