Vietnam

Fund distributors among the main beneficiaries.

KKR & Co LP has invested an additional $200 million in Masan Consumer Corp.

Vietnam's commercial banks have spent 160 trillion dong into corporate bonds due to the high interest rates offered, as well as its liquidity.

ANZ Vietnam launched its Structured Investment Product, a combination of a traditional deposit and a derivative product.

The Vietnam Bank for Social Policies failed to sell any of VND2 trillion worth of government bonds.

More investment funds in Vietnam will be set up as the country's stock market recovers.

Axis Mutual Fund has launched a new open ended debt scheme called Axis Income Fund.

Vietnam’s two-year government bonds rose the most in a week on speculation banks have more cash to invest in debt securities.

HFIC has cut a deal with BaoViet Insurance Corp. on operational and capital cooperation. Under the agreement, the two sides pledged to provide business opportunities and customer services for each other, said general director Tran Trong Phuc of BaoViet Insurance Corp. At the same time, Phuc stated, the two partners will contribute capital to make joint investments or to offer clients financial and insurance services. Hochiminh City Finance and Investment State-owned Company’s general director Diep Dung said his company could expand capital mobilization channels, enhance risk management and enrich products thanks to the association. Bao Viet, in turn, will have the chance of expanding its market targeting customers/partners of different scales and industries, Dung added.

Vietnam’s five-year government bonds rose, driving yields to a 10-month low on speculation slowing inflation will to cut borrowing costs.

RBS will double its private banking assets in Asia within five years from the $15 million it currently manages.

Nam A Bank will continue to increase its chartered capital from US$143.6 million to US$177 million and establish the finance investment arm in 2011.

Sacombank inaugurated its asset management service centre, Sacombank Imperial. Its operation will be based on the 11th floor, Sacombank Building, No 266-268 Nam ky khoi nghia, HCM City's district 3.