Raising the country's foreign-ownership limits would attract more investment from offshore and provide local banks with greater access to foreign expertise, say fund managers.
Having started as chief investment officer in September, Hoang Nguyen has stepped down to be replaced by Michael Kokalari, previously an advisor to VietFund Management.
The Ho Chi Minh City-based firm will advise NBB Investment Corporation and Construction and Materials Trading Company on investments, financing and real estate projects.
Saigon Asset Management's chairman and chief executive emphasises the difficulties of investing in Vietnam and laments the lack of big-name investors.
The Ho Chi Minh City-based firm is set to launch more funds following the appointment of a new chief investment officer.