Eastspring Vietnam sets plan to double assets under management by 2024

November 26, 2019 | 17:07

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Eastspring Vietnam set out to grow by 15 per cent in the next five years with total assets under management of VND200 trillion ($8.7 billion) in 2024, double the current figure.

Talking with the media on the occasion to celebrate 25 years establishment of Eastspring Vietnam and their 20th year of collaboration with Prudential Vietnam in November 2019, Ngo The Trieu, general director of Eastspring Vietnam said that, in the coming time, Eastspring Vietnam will continue to increase its management efficiency and further invest in the funds and portfolios of Prudential Vietnam.

eastspring vietnam sets plan to double assets under management by 2024

Ngo The Trieu, general director of Eastspring Vietnam presented his plan to double growth rate in the next five years

“We will also increase our business and continuously focus on our investment activities,” Trieu said.

Eastspring Vietnam is one of the leading management funds in Vietnam in terms of total assets under management, exceeding VND100 trillion ($4.35 billion), as of the end of October 2019.

Eastspring Vietnam's management board with its guests on the 25th anniversary

Eastspring Vietnam is also one of the management funds with the best business results in Vietnam with the average growth of total assets of 17.6 per cent per year.

Eastspring Vietnam was established in May 2005 as Prudential Vietnam Fund Management LLC until it was rebranded on December 9, 2011.

Since 1999 as part of Prudential Vietnam Assurance Co., Ltd. and then since its establishment as a separate entity, Eatspring Vietnam has developed a local investment team with an established track record in managing Vietnamese fixed income, Vietnamese listed and OTC equities, private equity, and property portfolios.

Like any other Eastspring entity in Asia, Eastspring Vietnam also benefits from the global investment platform as part of Eastspring Investments' network across 11 major Asian markets as well as distribution offices in the US and Europe.

By Bich Ngoc

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