OPPORTUNITIES AND CHALLENGES IN DEVELOPING INVESTMENT BANKING SERVICES AT VIETNAMESE SECURITIES COMPANIES

Tóm tắt

Investment banking (IB) is a popular service in advanced financial markets in the world with roles and functions that differ from those of commercial banks. In developing markets like Vietnam, it is necessary to have professional participation in IB services, with a legal framework that keeps pace with and anticipates market development trends. Currently, IB services in Vietnam are mainly performed by securities companies (SCs), however, the scale and operational capacity of these organizations, without timely investment, will not meet the needs of future market demands, especially when Vietnam’s stock market is upgraded to emerging market status and amid the growing global trend of green finance. This study points out the opportunities and challenges as well as offers solutions for the development of IB services with a focus on SCs, meeting the increasing demands for business consulting services in this context. The study employs secondary data analysis to identify opportunities and challenges, from which it provides recommendations to promote service development in the next stage.