Fincorp’s technology will enable investors in VinaCapital’s open-ended funds to manage their portfolios more conveniently and securely on VinaCapital MiO digital platform.

Fincorp previously partnered with VCFM to distribute VinaCapital products on its Fmarket.vn platform.

Brook Taylor, CEO, asset management, at VinaCapital, said: “This partnership is aligned with the ongoing trend in developed markets, where fund managers are joining forces with dynamic fintech companies to elevate their businesses.

“By focusing on digital transformation, we aim to provide our investors and distribution partners with the best digital experience that complements the leading open-ended fund products VinaCapital manages.”

Do Van Chuan, CEO at Fincorp, said: “We believe that technology gives consumers greater access to transparent and professionally managed financial products. As investors gain more experience with open-ended funds, they will quickly see the benefits they can offer, and we expect greater adoption of open-ended funds are important to the market’s sustainable growth.”

According to the State Securities Commission of Vietnam, the average growth rate of the country’s capital market in 2016-21 was 28.5 per cent per year.

Chuan said, “The impressive growth potential of the capital market motivates us to continue developing new solutions to support financial service companies in Viet Nam with their digital transformation mission.”

The financial sector is leading the wave of digital transformation, and both companies believe that investing in and implementing enhanced digital solutions is key to business success.

VinaCapital’s open-ended funds continue to outperform benchmarks and maintain leading positions in their categories. — VNS