The An Binh Fund Management Joint Stock Company was licensed in late December with an initial charter capital of 8 billion VND (497,000 US$). The firm aims to form and manage a securities investment fund and related trading activities.
In the closing days of 2006, the State Securities Commission granted licenses to six additional firms to establish fund management companies. They were: Ban Viet, An Phuc, Phuong Dong, An Phu, Hai Phong and Phu Lan.
Source: VNA
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