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VietnamÆs Techombank takes it slow

CEO Duc Vinh Nguyen says local investors still prefer buying stocks directly.
Despite the strong gains in VietnamÆs stock market in recent years, its fund management industry remains at its very early stage and the Technological and Commercial Bank (Techcombank) doesnÆt need to rush in just yet, according to its chief executive officer, Duc Vinh Nguyen.ôWe are quite delayed in the fund management area, and that is quite intentional,ö Nguyen says. ôMost of the activity for now is coming from abroad.öIndeed, international fund managers are looking at Vietnam more…
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