HSBC is waiting for a local incorporation license.
CEO Don Lam says the company has no plans to launch onshore funds for now because local investors generally still prefer to invest directly in stocks.
The company recently launched the third retail mutual fund in the market, which is targeting a December listing date.
Board member Alex Hambly believes the key to success is to build asset class-specific portfolios.
CEO Duc Vinh Nguyen says local investors still prefer buying stocks directly.
The State Securities Commission is still sorting out what is legal and what is not.
Many companies listed on the Ho Chi Minh Stock Exchange have failed to comply with corporate governance guidelines.
The government needs $150 billion to support its economic growth targets until 2010 and 35% of that is expected to come from foreign investors.
Investment director Mark Canizares says the recent correction in the local stockmarket provides investors with buying opportunities.
Firm opens its second office in China and signs two more clients.
Mekong Enterprise Fund II invests up to $6.25 million in a manufacturing company in Vietnam
The Swiss firm is awarded a licence to buy and sell securities in Vietnam.
Firm appoints new partners in its Hong Kong, Beijing, Shanghai and Ho Chi Minh City offices.
Internal transfers see Carmen Ling named head of GTS for Hong Kong and Faisel Ameen appointed GTS head for Vietnam.
Bank believes the country’s capital markets are now sufficiently developed to support a securities service business.
The national social security organization plans to invest overseas in 2006.
PXP Asset Management plans to become the first Vietnam blue-chip fund.