Vietnam Fund Industry Faces Maturity Challenges in Capital Flows

A panel discussion held on September 22 focused on the fund industry's role in economic growth in Vietnam. Speakers noted that while comprehensive fund products exist across basic categories like equity, bond, and money market funds, a significant gap remains between the 13 million securities accounts and the investors participating in open-ended funds, who number slightly over 700,000. Experts stated that most household savings are still concentrated in bank deposits and real estate, indicating that capital inflow into the fund industry is in an early stage.

The findings suggest that the fund industry in Vietnam needs a clear roadmap to move beyond its current stage. Experts emphasized that investors must gain better insights into available products to help drive capital into the fund market and support sustainable economic growth.

Vietnam has approved a development plan for financial centers, focusing on capital markets and financial technology. Ho Chi Minh City hosts financial cooperation forums and initiatives, deepening financial ties in various sectors.