Fund-management profits ‘unsustainable'

Most fund management firms made profits not from their core business, but financial activities in the first half of the year.

However, some industry insiders are concerned about the trend. They say sustainable growth of fund management firms whose profits mainly come from financial activities are often extremely volatile as parent companies or related partners can withdraw their capital unexpectedly.

New Mekong fund to foster renewable resources

Fund management company Indochina Capital Corporation (Indochina Capital) announced on June 30 that the Overseas Private Investment Corporation (OPIC) had approved 50 million USD in financing for its Mekong Renewable Resources Fund (MRRF).

Foreign investors unable to lift Index over 500

Strong rallies in the shares of insurer Bao Viet Holdings (BVH), Masan Group (MSN) and PetroVietnam Finance (PVF) helped lift the VN-Index despite strong sell-off pressures in on Jan. 18's session on the HCM City Stock Exchange. The Index gained 0.46 percent to end the session at 497.43 points, still shy of the psychological barrier of 500.

City bourse celebrates 10 years

The HCM Stock Exchange has received the Labour Order, First Class, for its contribution to the growth of not only the stock market but also the economy since its inception in July 2000.

Foreign investment funds target private sector

A number of foreign investment funds are drawing up plans to expand their investments in Vietnam ’s private sector since many businesses have regained their levels of growth after a long gloomy period due to the global economic downturn.

Bailout rumour leads to market rally

Strong buys early in December 14’s trading session on the Ho Chi Minh Stock Exchange lifted the VN-Index to a close of 458.39 points, a gain of 3.2 percent despite strong sales by foreign investors.

SAM, REE cooperate to set up foreign investment fund

The Saigon Asset Management Fund Joint Stock Co has signed a cooperation contract with RNG, a domestic fund management company controlled by Refrigeration Electrical Engineering Joint Stock Corp (coded REE) to set up a foreign investment fund.