Representatives of VinaCapital Group and Shinhan BNP Paribas Asset Management sign a memorandum of understanding on August 22 (Photo: ndh.vn) HCM City (VNA) – VinaCapital Group is partnering with the Republic of Korea's Shinhan BNP Paribas Asset Management (Shinhan) to provide investment products to Shinhan's clients in Korea, enabling them to participate in Vietnam's growing economy.
According to VinaCapital, the two companies signed a memorandum of understanding on August 22 to outline how they would cooperate to develop funds invested in Vietnamese assets for Korean investors as well as to introduce Shinhan's products in the Vietnamese market in the future.
VinaCapital's first engagement with Shinhan is a delegated investment management mandate for one of Shinhan's Korea-domiciled funds. In addition, the two companies will work together to launch the VIP Equity Fund, which will invest in publicly traded Vietnamese companies as well as those in Indonesia and the Philippines. The fund was expected to be launched in September, VinaCapital said.
The two parties will also work together to develop a Vietnamese multi-asset fund that will invest in equities, fixed income, real estate and other assets, leveraging the long-standing success of VinaCapital's Vietnam Opportunity Fund (VOF).
VinaCapital CEO Don Lam said, "Korean companies have been among the largest investors in Viet n am, spending billions of dollars to build and expand their operations, and have been an important driver of the country's recent economic growth."
Founded in 2003, HCM City-based VinaCapital is a leading investment and asset management firm with a diversified portfolio of 1.4 billion USD in assets under its management.
VinaCapital's expertise spans a full range of asset classes, such as capital markets, private equity, venture capital and real estate, besides fixed income.-VNA
