Golden Bridge, a Republic of Korea financial group, has announced its establishment of an investment fund specialising in the Vietnamese market.

The US$19-million fund, called Blue Ocean, will focus on securities and real estate projects in Vietnam. It will be managed by the Golden Bridge Asset Management Co., an affiliate of the Golden Bridge Group.

Golden Bridge's President Ly Sang Joon said Vietnam is a promising land for investment and is emerging as the second fastest growing economy in Asia. The Golden Bridge Group will establish another investment fund next year to expand its operation in Vietnam, Mr Ly added.