Dai-ichi Life Vietnam forms 50b dong Equity Member Fund

DFVN-EMF has the chartered capital of 50 billion dong and operation duration of three years. The fund is managed by Dai-chi Life Vietnam.

The depository bank is Standard Chartered Co., Ltd (Vietnam).

As per SSC, in 2013-2014, six fund management companies (accounting for12 percent) belonging to the restructuring group had to withdraw from the market under different methods such as dissolution, temporarily ceased operation or ceased operation.

Conversely, the two new fund management companies licensed for establishment belong directly to foreign insurance groups.

So far, the number of active fund management companies is 43, managing more than 200 contracts with a total trusted value reaching more than 100 trillion dong.

Out of the total 26 operating funds, the total number of public funds accounts for 70 percent including 15 open-ended fund, two ETFs, one close-ended fund and eight member funds. The size of the funds is estimated to touch seven trillion dong.