GoldenBridge Licensed to Open Rep Office in Vietnam

The State Securities Commission July 2 granted a license to South Korea’s Golden Bridge Asset Management Co., Ltd to open its representative office in Vietnam, state media said.

 

Golden Bridge Asset Management plans to open its office at 2.3A, Apartment Building 280/29, Bui Huu Nghia Street, Binh Thanh District, Ho Chi Minh City.

 

The office will function as contact agent and carry out market research, projects on securities and stock market in Vietnam, monitor signed agreements between foreign asset management companies and Vietnamese economic organizations as well as projects funded by foreign investors.

 

The license will expire in June 2012.

 

Early this year, Vietnam enacted a law, requiring all the representative offices of foreign fund managers to re-register their operations, in an effort to better control its stock market’s performance. (Market, SSC)