Manulife Vietnam Fund Management Company Limited (MVFM) has been awarded a mandate to manage institutional funds for a leading Asian multinational in Vietnam. This is the first third party institutional mandate win for the company, part of MFC Global Investment Management and one of only a few foreign asset management companies to be licensed in Vietnam.
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The Vietnam Bond Market Association (VBMA), the first of its kind in Vietnam created to boost the bonds market and promote debt instruments, will hold an opening ceremony in Hanoi.
On 24/9/2009, Hanoi Stock Exchange is launching the Government bond trading system (Electronic Bond trading system – EBT) with characteristics addressing some drawbacks of current system.
Vietnam’s corporate earnings may expand by about 20 percent next year, helping to sustain Asia’s best-performing stock market over the past six months, according to Manulife Vietnam Fund Management.
The second stimulus package is not aimed at resolving all issues faced by the Vietnamese economy, but helping reduce difficulties for enterprises and ongoing projects as well as creating jobs to ensure labourers’ livelihoods.