On April 18, 2023, in Hanoi, Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) and Dragon Capital Vietnam Investment Fund Management Joint Stock Company (Dragon Capital) held a contract signing ceremony strategic partnership to deploy portfolio management solutions for private banking customer.

The cooperation between two leading brands in banking and asset management - BIDV and Dragon Capital promises to bring specialized solutions according to international standards, setting new standards for the field of asset management. In Viet Nam, Dragon Capital will provide BIDV's Private Banking customers with specialized investment solutions that are tailored to each customer's risk appetite. In addition, Dragon Capital is also a partner to support the development and implementation of services and improve the capacity of BIDV's experts. Thereby, High Net Worth Individual (HNWI) in Vietnam will be directly served by a team of leading investment consultants from BIDV and Dragon Capital, offering personalized financial management solutions according to the needs and wants of  customers, thereby help preserve and grow their assets in a sustainable and effective way.

In 2022, the two sides started the cooperation relationship by deploying Dragon Capital's open-end fund certificate product to priority customers of BIDV. This is the premise for the two sides to ask for a deeper and strategic cooperation in the field of asset management and investment consulting for the upper-class customer segment. Sharing about the reason why the bank chose Dragon Capital as a strategic partner in the country, Mr. Le Ngoc Lam, General Director of BIDV said:

BIDV highly appreciates the achievements that Dragon Capital has achieved over the past 30 years. As the company with the largest total fund management assets in Vietnam, prestige and experience in the market, together with a team of qualified personnel, sustainable investment efficiency with a diversified portfolio of products and services, Dragon Capital has made an important contribution to the development of the fund management industry in the country and will continue to shape and develop the asset management industry in Vietnam. BIDV is ready to come with Dragon Capital to conquer the potential Private Banking service in Vietnam market.

According to a report by consulting firm Knight Frank in 2022, Vietnam is expected to achieve a growth rate of 31% for the rich and 32% for the super rich for the period 2020 - 2025. This increase also means an increase. demand for specialized wealth management and investment products from affluent clients. Vietnam is also forecasted by Allied Market Research to achieve an average annual growth of 31.6% by 2030 in the asset management services market segment.

Mr. Beat Schurch, General Director of Dragon Capital Vietnam shared:

We highly appreciate BIDV's capacity, leading position and pioneering in Private Banking in Vietnam. The strategic cooperation between the two units affirms BIDV's commitment to becoming a long-term partner, always accompanying the development of customers through diversifying the product portfolio, implementing solutions. new and constantly improving service quality in order to promptly meet the increasing investment needs of customers. We are confident that the cooperation with BIDV will bring many practical and sustainable benefits to individual customers and thereby create success in business activities for both sides.

 

About Dragon Capital: Dragon Capital Vietnam Investment Fund Management Joint Stock Company (DCVFM) is a long-standing fund management company in Vietnam's capital market. DCVFM has accompanied, consulted and actively contributed to the development of Vietnam's financial market with international standards and excellent investment capacity. The company is currently managing and consulting for US$5 billion worth of assets (end of February 2023), providing the most diversified investment fund products in the market, fully meeting the needs of customers. financial needs and goals of many different investors from individuals to domestic and foreign organizations. Open-end funds managed by DCVFM are among the funds with the market leading return and investment performance over the past 10 years. Possessing a team of domestic and foreign personnel with diverse expertise from portfolio management, economic analysis, transaction, legal and outstanding investment research capacity in the market, Dragon Capital is the leading investment management company in Vietnam. The fund manager operates in a variety of investment segments from securities, equity, bonds, real estate and renewable energy.

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