MBCapital: new trademark, new strength

VNStockNews.com - Hanoi Fund Management Joint Stock Co (HFM) celebrated its third anniversary of establishment on November 27. At the same time, the company officially announced to change the name into MB Investment Fund Management Joint Stock Co (MBCapital).

Le Van Be, Military Bank's general director cum MBCapital's president stated that the establishment of the investment management fund three years ago was included in the development strategies of Military Commercial Joint Stock Bank. The establishment of HFM has contributed to the diversification of the bank's products and services as well as becoming MB's professional investment channel.

At first, MBCapital plans to introduce new products of investment management with the Military Bank to meet the bank's individual customers' demands, as well as to establish a new investment fund to support the medium and long-term capital for the bank's corporate customers.

Military Bank was established in 1994 with the chartered capital of 4.4 trillion dong and total assets value of over 50 trillion dong.

At the ceremony, Nguyen Doan Hung, vice chair of State Securities Commission (SSC) said MBCapital was one of the most active members in the Vietnam's Fund Management Network. After three years of operation, the company has shown its impressive growth with continuous increase in scale of assets management value year by year. The organisation committed to support MBCapital's operation activities for the development of the company as well as the asset management industry.