The Singapore-based Templeton Asset Management Ltd has begun operations in Vietnam after getting approval from the State Securities Commission (SSC).
Its representative office in Ho Chi Minh City is cooperating with Vietnamese enterprises to promote the implementation of contracts between Templeton and Vietnamese financial institutions.
Templeton’s representatives, allowed to work in Vietnam for an initial five years, are developing a scholarship project for fledgling Vietnamese firms involved in the local securities market.
During its term of operation in Vietnam, they will focus on implementing securities investment or trading in the local market.
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