More investment funds to be set up in Vietnam

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

“Specialized funds will be set up, despite small size, but they have deep investments,” said Mr Tran Thanh Tan, General Director of Vietnam Fund Management Company.

VFM will raise capital to establish the first open fund in Vietnam in the next few month, he noted.

Mr Nguyen Tuan Thien A, General Managing Director of Eastspring Investments in Vietnam, a member of the Prudential Plc group, said that if authorities will approve fund management companies to raise capital for open funds, it will draw much attention to Eastspring Investments in 2012.

In next 2-3 years, Eastspring Investments expects to mobilize around $200 million from many sources for stock and property markets. As planned, 25% of the raised amount will be invested in stocks, he revealed.

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