HFM: A New Investment Channel for Enterprises

Hanoi Fund Management Company (HFM) and Hanoi Securities Management Fund (Hanoifund) have officially become operational, opening up another effective investment channel for enterprises.

 

HFM is operated in the mode of one-member limited liability company, which has VND10 billion (US$625,000) in chartered capital and is a subsidiary of the Military Commercial Joint Stock Bank (MB). HFM specialises in setting up and managing securities investment funds, corporate financial consulting as well as managing investment portfolios.

 

HFM’s HanoiFund will raise its chartered capital from the initial VND200 billion (US$12.4 million) to VND500 billion after one year of operation. In the coming time, HFM is also looking to the formation of a real estate fund (capitalised some VND1,000 billion (US$62.5 million)) and a public fund. Nguyen Van Be, Director of Military Commercial Joint Stock Bank and the Chairman of HFM, said: “We have plans to attract foreign shareholders who have rich experience and techniques in management. In addition, to attract foreign capital sources, HFM intends to set up an offshore fund in the near future.