VNStockNews.com - In 2010, the State Securities Commission (SSC) granted the establishment license for one fund management company, two representative offices and three new investment funds including one public fund and two membership funds with a total capital mobilisation of 800 billion dong, SSC reported.
Thus, so far, Vietnam has 47 fund management companies with a chartered capital of 2.1 trillion dong and total assets at over 100 trillion dong.
In addition, there are 23 securities investment funds with a chartered capital of 13.3 trillion dong and 31 representative offices. Ending 2010, these fund management firms estimated to gain about 600 billion dong revenue and over 200 billion dong profit.
