Chance for linking capital market between Vietnam and Japan

Japan Asia Group Ltd, Aisawa Securities Co, MB Capital and Thang Long securities brokerage yesterday signed a cooperation agreement in Hanoi to boost the capital connection between Vietnam and Japan market.

Two parties committed to support each other in attracting FII from Japan to Vietnam through securities and property investment funds.

Speaking at the signing ceremony, Japanese Ambassador Mitsuo Sakaba highly appreciated the economic growth performance of Vietnam in the past time and confirmed the bilateral relation between two countries’ companies.

Chair of Japan Asia finance group, Tetsuo Yamashita said that through the partnership with Vietnam, typically Military Bank, they want to contribute more to the development of Japan-Vietnam relation.

The group also desired to invest in listed firms, technology and infrastructure in Vietnam, he added.

The signing ceremony marked the cooperation of Japan Securities Inc (JSI) and Thang Long Securities Co.

On the occasion, two sides officially announced the setting up of Vietnam Dream Fund capitalised at $100 million in Japan and MB Japan Asia Fund with an initial capital size of 200 billion dong (that will ve raised to one trillion dong in future) in Vietnam. Both funds are the result of cooperation between United Investment (the fund management company of Japan Asia Group) and MB Capital (fund management firm of Military Bank). The funds will start operation from June 2010.

Vietnam+

Tags: bank capital, Japan Asia Group, Vietnam finance, Vietnam financial

Posted by VBN on May 26 2010. Filed under Banking-Finance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry