Credit Suisse allowed to do trades in Vietnam

HO CHI MINH CITY: Credit Suisse Group said Thursday that it had received permission from the Vietnamese authorities to trade stocks and bonds in the Southeast Asian country, the latest foreign investor aiming to tap into a surge in interest in the nation's markets. The second-biggest Swiss bank said a unit of the Vietnamese State Securities Commission had given it securities- trading code certificates, allowing the firm to trade domestic equities and government and corporate bonds. UBS, the biggest Swiss bank, and Merrill Lynch, the world's second-biggest securities company, made similar announcements this year. The Ho Chi Minh City Securities Trading Center has surged in market value from less than $1 billion at the start of 2006 to more than $7.9 billion through today.

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