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 increasing openness to the outside world, foreign exchange trading has gradually taken on an important role in Vietnam's financial market. To help investors or practitioners gain a more comprehensive understanding of foreign exchange brokers in Vietnam, the on-site inspection team visited Vietnam for a field investigation.

Process

The on-site inspection team, as scheduled, visited the foreign exchange dealer FX Fair in Vietnam. According to public information, its office address is CAPITAL PLACE No. 29 Lieu Giai, Ba Dinh District, Ha Noi, 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 FX Fair.

The field investigator proceeded to the target area based on the address information to conduct an on-site verification of the dealer claimed to be located at CAPITAL PLACE No. 29 Lieu Giai, Ba Dinh District, Ha Noi, VietnamFX Fair.

The on-site inspector successfully arrived at CAPITAL PLACE, located in Hanoi, Vietnam, which is a super high-end financial building with a strong commercial atmosphere in the surrounding area. However, no company logo or related information of FX Fair was found on the exterior of the building.

The on-site inspector entered the building's lobby and, after explaining their purpose to the security or staff, obtained permission to enter. However, they discovered that the building's directory machine was damaged and unable to provide information about the companies within the building. Upon inquiring at the reception, the receptionist indicated that FX Fair this company is not located in this building.

Since it is impossible to determine the specific floor and location of the company within the building, it is also impossible to reach the target floor, let alone confirm whether there are any obvious signs or security measures in the office area of FX Fair. Because it is fundamentally impossible to enter the so-called office area, it is not possible to photograph the reception desk or the logo at the reception desk, and this office space is not a shared office.

Since access to the interior is not possible, it is also impossible to observe the internal environment of the company, the decoration style, and the activities of the employees.

Therefore, after on-site verification, it is confirmed that the dealer FX Fair does not exist at the aforementioned address.

Conclusion

The on-site investigator visited the foreign exchange brokerFX Fair in Vietnam as planned. The broker's company name and other information were not visible at the publicly displayed business address, indicating that the broker does not have a genuine business location. Investors are advised to make their choice 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.