Fund distribution not top priority in Vietnam for now

With only three retail mutual funds in Vietnam, fund distribution is nearly a non-existent business in that market. HSBC, which is a dominant player in fund distribution in other markets in Asia, is for now relegated to the role of an observer.ôTwo things drive fund distribution û retail investors should be interested in investing and there should be an outlet for them to invest on a regular basis,ö says Ron Logan, head of personal financial services in Vietnam at the HSBC Ho Chi Minh…