Vietnam fund management assets jump 20%

Pedro Gonçalves
clock • 1 min read

Vietnam's fund management industry assets grew 20% year-on-year in 2019 as the local regulator tightens  the rules to make the sector more efficient. The country's fund management industry assets grew but only around one-fifth of the companies are profitable according to vice chairman of the State Securities Commission (SSC) Phạm Hồng Sơn. "Only ten out of the total 47 fund management companies are making profit and expanding in the market," Hồng Sơn told the Viet Nam News. The SSC plans to restructure the industry further in 2020, but the regulator's report does not provide more info...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login