Sai Gon AM gets three-year extension - Economy

Updated

October, 06 2012 09:47:15

Sai Gon AM gets three-year extension

HCM CITY (VNS)— Sai Gon Asset Management's Viet Nam Equity Holding and Viet Nam Property Holding funds have been allowed to extend their operations by three years and the firm will continue a share buyback programme. The firm expects to transform the two funds into open-end funds in 2014, laying the groundwork for more investment opportunities once the market recovers.

"The current economy environment appears challenging, but the long-term prospects for Viet Nam remain bright," said Sai Gon Asset Management chairman and CEO Louis Nguyen.-VNS

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