Executives of VinaCapital Asset Management and Kiwoom Asset Management at the signing ceremony in Korea on January 7. (Photo: courtesy of VinaCapital)

HCM City (VNA) – VinaCapital Asset Management JSC has inked a memorandum of understanding (MoU) with the Republic of Korea’s Kiwoom Asset Management to offer selected products to Korean investors.

In future, Kiwoom hopes in turn to provide its investment products to Vietnamese investors.

Seong Hoon Kim, CEO of Kiwoom Asset Management, said “After several months of discussions and shared investment experience, we decided to sign a MoU with VinaCapital to transform our current relationship into a longer-term strategic partnership.”

As part of the partnership, Kiwoom Asset Management will develop and launch new products that will tap into VinaCapital’s expertise. Initial ideas include a multi-asset fund, an index fund, a real estate fund and a fixed-income/corporate bond fund.

Nguyen Thi Thai Thuan, CEO of VinaCapital Asset Management, said “Our mission at VinaCapital is to deliver innovative investment products that will produce superior returns for Vietnamese and international investors.” -VNA