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ManulifeAM Vietnam turns initial profit

Released at: 12:15, 22/03/2016

ManulifeAM Vietnam turns initial profit

Assets under management and funds have increased constantly in its ten years of operations.

2015 was the first time the Manulife Asset Management Vietnam Company Limited (ManulifeAM Vietnam) officially recorded a profit from asset and fund management, though the figure was not released.

In the ten years since its establishment, total assets under management have increased continually, from VND2.2 trillion ($98.6 million) in 2005 to VND12 trillion ($538 million) as at December 31, 2015, or an average increase of 19 per cent per year.

Along with increases in assets under management, revenue from managing assets has increased 8.4-fold over the ten years, or 24 per cent per year.

ManulifeAM Vietnam was licensed by the Ho Chi Minh City Department of Planning and Investment on June 10, 2005. It is an independently-managed fund management company, which reports to the State Securities Commission (SCC).

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