- Financial services company EFG Hermes signed a partnership agreement with Asia Commercial Bank Securities of Vietnam, allowing the company's clients to receive on-ground access and intelligence to trade some of Asia's 'most compelling' capital markets.

'This partnership will provide our clients access to the Hanoi Stock Exchange, Ho Chi Minh City Exchange and UPCOM using ACBS' platform, while expanding our Vietnamese research offering, under our own brand name,' said EFG Hermes.

'We are intensifying our involvement in Vietnam at a highly opportune moment,' said Kato Mukuru, Head of Frontier Markets Research at EFG Hermes. 'The country's dynamic export-oriented manufacturing sector is seeing considerable gains as more multinationals seek to relocate production away from China and to Vietnam.'

'Through our partnership with ACBS, one of the country's leading brokerage providers, EFG Hermes is now the first Frontier Emerging Markets (FEM) investment bank to establish an on-the-ground presence in Vietnam,' the company added.

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