Purpose

The Vietnamese foreign exchange market is an emerging market that has developed in recent years. With the continuous growth of Vietnam's economy and the deepening of its openness to the outside world, foreign exchange trading has gradually taken on an important role in the country's financial sector. To help investors or practitioners gain a more comprehensive understanding of foreign exchange brokers in this region, the on-site inspection team conducted a field visit to Vietnam.

Process

The on-site inspection team proceeded as planned to Vietnam to conduct a field visit to the forex broker MERCANTILE EXCHANGE OF VIETNAM. According to publicly available information, its office address is 16th Floor, Hoa Binh Office Tower, 106 Hoang Quoc Viet Street, Nghia Do Ward, Cau Giay District, Hanoi City, Vietnam.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously safeguard investors' interests, meticulously planned and traveled to Vietnam. Based on the aforementioned information, they conducted an on-site visit to the dealer MERCANTILE EXCHANGE OF VIETNAM.

The field investigator proceeded to the target area based on the address information to conduct an on-site verification of the dealer MERCANTILE EXCHANGE OF VIETNAM claimed to be located at the address.

The field survey personnel successfully arrived at the target building, which is located next to a bustling street with a vibrant surrounding environment and a strong commercial atmosphere. However, no signage or relevant information of the company was found on the exterior of the building.

The on-site inspector entered the building lobby and explained the purpose of the visit to the security personnel. After communication, permission to enter was granted.

However, upon arriving at the target floor, when inquiring at the building's front desk, the receptionist stated that they were unaware of the company operating there, making it impossible to confirm whether the company's office area had clear signage or security measures. Additionally, since the receptionist informed us that the company was not located there, the field investigator could not enter the premises, and thus could not photograph the reception area or the company's logo. Furthermore, the office space in question was not a shared workspace.

Through the glass door, since access to the company's interior is not permitted, one can only ascertain that entry is denied. It is impossible to observe the internal environment, the style of decoration, or the activities of the employees. Overall, it is impossible to judge whether it aligns with the positioning it claims to have.

Therefore, after on-site verification, it is confirmed that the broker MERCANTILE EXCHANGE OF VIETNAM does not exist at the aforementioned address.

Conclusion

The on-site investigator visited the foreign exchange broker MERCANTILE EXCHANGE OF VIETNAM as planned. At the publicly displayed business address, no information such as the company name of the broker was found, indicating that the broker does not have a genuine business location. 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.