Morgan Stanley Dean Witter eyes bourse

Deputy president of US financial giant Morgan Stanley Dean Witter, Terry Rowe on June 2 asserted now is the best time for the corporation to invest in Vietnam’s bourse.

Morgan Stanley Dean Witter first arrived in Vietnam in 1994 and has been keeping a close watch on the development of the local bourse since the equitisation process began and legal preparations for the bourse were being unveiling. The corporation is the second financial giant and the leading in stock brokerage in the world with US$473 billion in equity and US$80 billion worth brokerage deals made in 2001.

Morgan Stanley Dean Witter is considering negotiations with a Vietnamese partner for setting up a joint venture securities company in Vietnam. Rowe refused to disclose the local partner’s name and the joint venture’s anticipated capital.

Rowe expressed strong confidence that Vietnam’s bourse would receive a strong spurt of growth when up to twenty foreign invested companies are transformed into shareholding companies on a pilot basis and allowed to list on the bourse.

 

Category: Business