Dragon Capital's voluntary defined contribution plan launch comes as Vietnam's rapidly ageing population is set to increase pressure on the highly underfunded state pension plan.
The Vietnamese asset manager expects to see trading of shares in the $850 million fund on the London Stock Exchange as early as July.
Vietnamese companies are slow to allow foreign investors greater share allocations, even as the country’s prospects brighten.
Vietnam equities are on a tear, but US asset manager Invesco still has zero allocation to the market, despite bullishness among local players.
VietFund Management is marketing a domestic exchange-traded fund that will not be subject to foreign-ownership limits.
Norway's $850 billion sovereign wealth fund is said to have handed out four Southeast Asian single-country equity portfolios worth some $1 billion in total in recent months.
After years of discussion, Vietcombank Fund Management will soon become the first onshore firm to launch a balanced open-ended mutual fund.
The Ho Chi Minh City-based firm has launched what it says is Vietnam's first Ucits fund. It is mulling partnering with firms to offer third-party funds on its Ucits platform.
The recent change in tack comes amid other plans to liberalise Vietnam's financial markets. Meanwhile, the first locally listed exchange-traded funds are in the pipeline.
Dragon Capital says Vietnam Asset Management Co could open up distressed bank debt opportunities in the country, but Fitch Ratings is less convinced.
Frontier Investment & Development Partners is less upbeat than its former partner about the outlook for Vietnam and is raising a separate fund of its own.
Foreign investors must have exit strategies at all times to guard against the sudden risk of market liquidity grinding to a halt, says a fund manager in Ho Chi Minh City.