Purpose

The Vietnamese foreign exchange market is an emerging market that has developed in recent years. With the rapid economic growth of Vietnam, the importance of foreign exchange trading in its financial sector has become increasingly prominent. To help investors or practitioners gain a more comprehensive understanding of foreign exchange brokers in this region, the on-site inspection team visited Vietnam for a field investigation.

Process

The on-site inspection team, as planned, visited Vietnam to conduct a field investigation of the forex broker KB Securities. According to publicly available information, its office address is Level 16 & 17, Tower 02 Capital Place Building, 29 Lieu Giai, Ngoc Khanh Ward, Ba Dinh District, Ha Noi. The professional and experienced inspection team, driven by a sense of mission to rigorously safeguard investors, traveled to Vietnam following a well-organized plan. Based on the aforementioned information, they conducted a field visit to the broker KB Securities. The inspectors proceeded to the target area according to the address information and carried out an on-site verification of the broker KB Securities, which claims to be located at Level 16 & 17, Tower 02 Capital Place Building, 29 Lieu Giai, Ngoc Khanh Ward, Ba Dinh District, Ha Noi.

The inspection personnel successfully arrived at the Capital Place Building, located in the Ngoc Thuy Ward, Ba Dinh District, Hanoi City, Vietnam. The surrounding area is bustling with a strong commercial atmosphere. The company's relevant signage can be seen on the exterior of the building. The building's appearance is magnificent, being one of Hanoi's ultra-high-end buildings, showcasing its high-end positioning.

The field inspector entered the building lobby and stated their purpose to the security or staff. After communication, they obtained permission to enter.

However, it was discovered that the directory machine inside the building was damaged, making it impossible to look up company information through the directory. But the front desk staff confirmed that the company is indeed located in this building.

Due to the inability to retrieve specific floor information, the on-site inspector could not reach the target floor to confirm the exact location, and thus could not enter the company's premises. Additionally, they were unable to photograph the reception area and its logo. This office is not a shared workspace. Although the inspector could not enter the company's premises, the overall high-end environment of the building and the confirmation from the reception staff indicate that the environment aligns with the claimed positioning. Therefore, after the on-site inspection, it is confirmed that the broker KB Securities exists at the aforementioned address.

Conclusion

The inspection team proceeded as planned to Vietnam to conduct an on-site visit to the forex brokerKB Securities. At the publicly displayed business address, relevant information of the broker could be seen, indicating that the broker has a genuine business premises. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

The above content and opinions are for reference only and should not be considered as the final basis for decision-making.