New fund management company launches

Tuesday, May 20, 2008
The Chien Thang Fund Management Company (Victoria Capital) officially opened in Hanoi on May 20. The company plans to focus operations on companies and projects in real estate, cement, beverage and pharmaceutical industries.

To commemorate its opening, Victoria Capital signed cooperation agreements with LR Global Partners of the US , the Hong Kong and Shanghai Banking Corporation (HSBC) and the Oil and Gas Securities Joint Stock Company.

The company had earlier signed a comprehensive cooperation agreement with the Post Insurance Joint Stock Company.

Victoria Capital was granted its license last December with a legal capital of 28 billion VND (1.75 million USD).

The company is now investing in Thanh Son Cement and Thang Long Beer Factory and Paragon Building.