10 years of Dragon Capital and VPBank promoting individual investment

The fund management industry began to form in July 2003 with the establishment of Vietnam Investment Fund Management Joint Venture Company, now Dragon Capital Vietnam. After 10 years, the market received dozens of new names with total assets under management at the end of 2013 reaching nearly 100,000 billion VND. As for the securities investment fund, the asset value reached about 6,700 billion VND.

Start with a common vision

2013 witnessed a year of growth for the stock market when VN-Index increased to 21.97%. Market capitalization reached 949,000 billion VND. According to experts at that time, the fund management market, especially stock investment funds, had a lot of room for growth when the economy developed stably and the number of investors increased.

Grasping market trends, Dragon Capital Vietnam converted to an open fund ecosystem, helping individual investors have more opportunities to participate in the financial market with diverse and flexible products. At the same time, VPBank implemented a wealth management strategy, targeting high-end customer groups.

The two units realized common ground in their development strategies and decided to join hands, providing a portfolio of investment products including open-ended funds for stocks and bonds, suitable to the needs and risk appetite of many customer groups. row. Products distributed through VPBankS’s NEO Invest platform have become a choice for many investors. VPBank acts as a bridge, bringing open fund products closer to millions of individual customers.

Expand to reach investors

According to the World Economic Forum (WEF), Vietnam, along with Indonesia, the Philippines and Thailand, is a bright spot for attracting investment in Southeast Asia thanks to stable economic growth and the expansion of the middle class. McKinsey’s report shows that Vietnam’s asset market is expected to grow 11% per year, reaching about 600 billion USD by 2027. This opens up opportunities for financial institutions such as banks, funds and public companies. Securities companies can join forces and complement each other’s strengths in providing investment products and solutions.

After more than 20 years of development, our country now has more than 40 companies operating in the field of fund management with more than 100 securities investment funds licensed by the State Securities Commission. The total value of assets managed by these companies at the end of 2023 is estimated to reach VND 639,000 billion, an increase of 7 times compared to 10 years ago.

Compared with other countries in the region, Vietnam’s fund certificate market still has a lot of room to develop when currently only about 0.25% of the population owns trading accounts.

Assessing the macroeconomic prospects and general trends, VPBankS – the only Securities company in the ecosystem of Vietnam Prosperity Joint Stock Commercial Bank (VPBank) and Dragon Capital decided to continue to stick together during the period. new. In October this year, the two sides signed a cooperation agreement to distribute a new product, Dragon Capital fund certificates, on the NEO Invest platform.

Thanks to that, tens of millions of users in the VPBank Group ecosystem can easily invest in Dragon Capital’s open funds on the platform, helping to manage personal finances more conveniently and effectively.

Mr. Nguyen Duc Vinh, General Director of VPBank, commented that over more than a decade, cooperation with Dragon Capital has always been valued based on efficiency and sustainability. In the next phase, both sides agreed to strengthen coordination to bring new investment products and solutions to users. “We believe the new cooperation will continue to bring practical benefits to customers, investors and contribute to building a transparent and effective financial market,” Mr. Vinh said.

Sharing the same opinion, Mr. Tran Thanh Tan, Vice Chairman of the Board of Directors of Dragon Capital Vietnam emphasized the common vision of the two sides. After 10 years, continuing to maintain cooperation will open up opportunities to take advantage of both strengths, creating growth momentum for the market.

VPBankS investors have more choices about financial products right on the app. In contrast, Dragon Capital Vietnam’s fund certificates have access to a wide and rapidly growing customer base from partners. “We are confident that we will contribute positively to the sustainable development of Vietnam’s capital market in the future,” Mr. Tan affirmed.

Dragon Capital Vietnam has more than 30 years of experience, currently managing and consulting large assets of nearly 6 billion USD. Open-ended funds are designed as an ecosystem to meet a variety of different investment needs and tastes.

VPBankS has a charter capital of 15,000 billion VND, is in the top 10 securities companies with the largest margin balance in the market and has a lot of room for growth in the future. NEO Invest is the enterprise smart trading platform.