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IFC Loan to Thien Viet Securities Expands Investment Banking Services for Small and Midsized Companies


In Hanoi:
Chu Van Anh, IFC
Phone: +84 4 3824 7892 (Ext: 608)
E-mail: canh1@ifc.org

In Ho Chi Minh city:
Nguyen Thanh Thao, Thien Viet Securities

Phone: + 84 8 6299 2099 (Ext.333)
E-mail: thaont@tvs.org


Hanoi, Vietnam, August 18, 2010—IFC, a member of the World Bank Group, is providing Thien Viet Securities with a $5 million loan to help the joint stock company develop its investment banking services for local small and midsized enterprises in Vietnam.

The loan has a three-year term and can be converted into shares of the company. IFC also will advise Thien Viet Securities on risk management and corporate governance practices to help the young capital market player build its merchant and investment banking operations.

“We are proud to have IFC as an investor, not only because of its international brand, but also because it is one of the few international financial institutions that has a successful investment track record in  Vietnam’s financial sector,” said Nguyen Trung Ha, Thien Viet Securities Chairman. “The partnership with IFC, which includes investment and advice, will help us realize our long-term goal to   become a strong, international investment bank.”

Thien Viet Securities offers investment banking services to local private companies seeking to gain access to capital market financing. In addition, the company provides advice to its clients on strategic development, operational management, corporate governance, mergers and acquisitions, and initial public offerings. By helping Thien Viet Securities enhance its capacity, products and services to meet international standards, IFC will be able to replicate these practices in other sectors of the economy, particularly small and midsize enterprises that are currently overlooked by foreign investment banks.

“We have invested in a number of Vietnamese banks before, but this is IFC’s first engagement with a securities service provider in the country,” said Rashad Kaldany, IFC Vice President for Asia, Eastern Europe, Middle East and North Africa, at the signing ceremony in Hanoi. “It is a starting point for our work to strengthen more financial services providers in the country, with a focus on small and midsized enterprises.”

About IFC
IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in developing countries. We create opportunity for people to escape poverty and improve their lives. We do so by providing financing to help businesses employ more people and supply essential services, by mobilizing capital from others, and by delivering advisory services to ensure sustainable development. In a time of global economic uncertainty, our new investments climbed to a record $18 billion in fiscal 2010. For more information, visit www.ifc.org.

About Thien Viet Securities
Established in early 2007, Thien Viet Securities (TVS) now has VND430bn, has three offices and is staffed by about 70 dedicated professionals. TVS is an independent fully licensed Vietnamese investment bank, adhering to international standards and dedicated to serving the needs of our diverse client base. TVS is in the top 15 securities firm with the largest capital and provides a wide range of services in investment banking, brokerage, and advisory services. We collaborate with our overseas partners to deliver a variety of innovative capital solutions to our clients. For more information, visit www.tvs.vn.