HCMC ORIENTS DEVELOPMENT OF INVESTMENT FUND AND ASSET MANAGEMENT ECOSYSTEM AT THE INTERNATIONAL FINANCIAL CENTER

HCMC ORIENTS DEVELOPMENT OF INVESTMENT FUND AND ASSET MANAGEMENT ECOSYSTEM AT THE INTERNATIONAL FINANCIAL CENTER

The formation of the International Financial Center in HCMC is opening up a new development space for financial activities, in which investment funds and asset management are identified as one of the priority industries, professions, products, and services for development.

According to the document, the fund ecosystem at the IFC is oriented not only to traditional fund management activities but also to expand into many new investment models and products.

Many fund models are oriented for development

The investment fund and asset management group includes activities such as:

• Fund management;
• Issuance and management of fund certificates;
• Collective investment products;
• Family office;
• Brokerage and asset management;
• Digital technology funds;
• Green and ESG funds;
• Green tourism infrastructure funds;
• Venture funds;
• Private funds;
• Hedge funds.

Notably, this orientation shows that the fund ecosystem at the IFC is built towards diversifying investment products, while increasing the ability to connect with international capital flows.

Towards cross-border asset management and investment

In addition to fund management activities, the document also mentions cross-border fund custody and administration, thereby creating a basis for the development of asset management activities with international elements.

This is a notable point for fund management companies, institutional investors, family offices, and financial service providers looking for a more favorable environment to deploy investment and asset management activities in Vietnam.

Green funds, ESG, and digital technology are prioritized

The development orientation not only focuses on traditional investment funds but also pays significant attention to green finance, ESG, and financial technology.

The groups mentioned include digital technology funds, green/ESG funds, and green tourism infrastructure funds. In addition, the IFC ecosystem also aims to develop activities related to digital assets, fintech, blockchain, and new financial products.

Membership mechanism and operating environment

According to the document, investment funds belonging to the institutional group can participate in the IFC ecosystem. However, becoming a member is not automatic; organizations must meet the standards and conditions according to the IFC's operating regulations and be recognized.

Members must meet requirements regarding financial capacity, reputation, and compliance with Vietnamese law, including requirements related to financial security and anti-money laundering.

Opportunities for the fund management industry

If implemented according to the above orientation, the IFC can create additional space for:

Investment Funds → Asset Management → Family Office → Fintech → ESG → Cross-border Investment

Thereby forming an interconnected ecosystem between capital sources, investment products, financial technology, and professional support services.

The document also mentions supporting policies related to cross-border fund management, green/ESG funds, and professional services, along with support mechanisms for human resource training and attracting foreign experts.