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...

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