Vietcombank says it has selected Thomson Reuters Electronic Trading (ET) to power its business in Vietnam and strengthen its presence in both the local and international foreign exchange markets.
“As the leading financial institution in Vietnam in FX and money market transactions, Vietcombank is one of the first financial institutions in Vietnam to select Conversational Dealing within Thomson Reuters FXT and Electronic Trading platforms for our interbank dealing with both domestic and international counterparties,” says Nguyen Thi Kim Oanh, deputy CEO of Vietcombank. “We believe this fruitful partnership will continue in the future, as we achieve our target of joining the ranks of the top global 300 leading financial institutions.”
Sanjeev Chatrath, managing director, Financial and Risk, Asia Pacific at Thomson Reuters adds, “Thomson Reuters has been present in Vietnam since 1992 and the country has become one of the fastest growing in Southeast Asia, rapidly developing into an important Asian financial centre. Through Thomson Reuters ET, Vietcombank will have access to an efficient and digitised FX trading platform to drive the on-going growth of its foreign exchange business.”