On October 2nd, 2023, in Hanoi, Joint Stock Commercial Bank for Investment and Development of Vietnam(BIDV), KIM Vietnam Fund Management Limited Company (KIM) and BIDV Securities Joint Stock Company (BSC) signed a Memorandum of understanding on comprehensive cooperation.

Representatives of BIDV, KIM and BSC at the signing ceremony

According to the MOU, BIDV, KIM and BSC will strengthen cooperation towards the goal of becoming comprehensive partners in order to build long-term, sustainable strategies, maximize potential and strength of the parties. In particular, in the context of a volatile market, the cooperation between parties who are reputable enterprises in the fields of Banking - Securities - Fund Management affirms the vision in the long-term development, contributing to promoting the development of all parties.

At the signing ceremony, Mr. Tran Long – Senior Executive Vice President of BIDV said:

As the first commercial bank established in Vietnam, over the past 66 years, BIDV has developed strongly and maintained its position as the leading financial institution of the Vietnamese banking system (total assets equivalent to 90.24 billion USD). This signing ceremony recognizes the goodwill and efforts of the parties in promoting the strengths and operational efficiency of each party in the fields of Banking - Securities - Fund Management. This is an important premise, enhancing the cooperative relationship of the parties, especially with our partner KIM Vietnam Fund Management Limited Company.

BIDV, KIM, and BSC will make their best efforts to support parties’ customers to seize business cooperation opportunities between Vietnam and Korea. BIDV will also provide comprehensive financial solutions for KIM and its customers including but not limited to banking products and services (account management, payment, treasury products and services…), securities services (custody, sub - custody, fund administration, custodian bank...) with preferential and competitive policies.

About KIM Vietnam Fund Management Limited Company KIM Vietnam Fund Management Co., Ltd. was licensed to operate in October 2020 and is 100% owned by parent company Korea Investment Management Co., Ltd (the first company was licensed in asset management in Korea in 1974, with AUM of 60.8 billion USD, ranking 6th in Korean market. The company is recognized as a leading organization in developing financial products, serving the Korean individual investors). KIM Vietnam Fund Management Company Limited is currently managing 02 ETF funds (VNFINSELECT and VN30) and large entrusted investments from the parent company (with AUM of about 1 billion USD).