Vietnam : Assistance in the Regulation and Guidance for Management of Investment Funds

The project purpose is to provide expert technical assistance to the State Securities Commission (SSC) for the development of the regulatory framework for supervising the investment funds. The main products of the work are an assessment report on the key challenges to the SSC in the supervision and regulation of investment funds, regulations and guidelines on the management and supervision of investment funds, and manuals and training on the supervision of investment fund management activities. The strong ownership by the SSC of this project was the key to success. Good relationships were established among all project stakeholders (i.e., SSC, World Bank, Consultant) and this was maintained throughout the project. Without this ownership and the strong, trusting, and interactive relationships among the project stakeholders, the project would not have been a success. The following regulations are pending and were prepared by the SSC in collaboration with the consultants: operation of open ended funds [the SSC has confirmed that they do not anticipate that these will be developed until later in 2008]; operation of Securities Investment Companies [the SSC has confirmed that these have been submitted to the Ministry of Finance and should be promulgated in 2008]; and foreign portfolio investment in Vietnam [the SSC has confirmed that these have been submitted to the Ministry of Finance but it is not clear when these will be issued, other than probably in 2008].

Bibliographic Details

Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2012
Subjects:	ACCOUNTING, ASSET MANAGEMENT, ASSET MANAGER, ASSETS, BANKING SECTOR, CAPABILITIES, CAPITAL MARKET, CAPITAL MARKETS, COLLECTIVE INVESTMENT, COLLECTIVE INVESTMENT SCHEMES, CUSTODIAN, CUSTODIAN BANKS, DEVELOPMENT BANK, DIVERSIFICATION, DOMESTIC INFLATION, EQUITIES, EXPENDITURE, FINANCIAL MARKETS, FINANCIAL SECTOR, FINANCIAL SYSTEM, FOREIGN PORTFOLIO, FOREIGN PORTFOLIO INVESTMENT, FUND MANAGEMENT, FUND MANAGEMENT COMPANIES, FUND TYPE, GOVERNMENT BONDS, IMPLEMENTATION PLAN, INDIVIDUAL INVESTORS, INFLATION, INSPECTION, INTERNATIONAL CONSULTANT, INTERNATIONAL COOPERATION, INTERNATIONAL CREDIT, INVESTMENT COMPANIES, INVESTMENT COMPANY, INVESTMENT FUND, INVESTMENT FUND REGULATIONS, INVESTMENT FUNDS, INVESTMENT MANAGEMENT, INVESTMENT OPPORTUNITIES, INVESTMENT VEHICLES, INVESTOR PROTECTION, ISSUANCE, LICENSE, LIQUIDITY, LONG-TERM INVESTMENT, MANAGEMENT COMPANIES, MANAGEMENT OF INVESTMENT, MARKET CONDITIONS, MARKET DEVELOPMENT, MISSING ELEMENT, MISSING ELEMENTS, MUTUAL FUND, MUTUAL FUND INDUSTRY, MUTUAL FUNDS, NEW PRODUCTS, OPEN ENDED FUNDS, OPEN-ENDED FUNDS, OUTPUT, OUTPUTS, PENSION, PENSION FUND, PENSION FUNDS, PENSIONS, PORTFOLIO, PRIVATE SECTOR, PROCUREMENT, PROJECT MANAGEMENT, PROSPECTUS, PUBLIC DISCLOSURE, PUBLIC FUNDS, REGULATION OF INVESTMENT FUNDS, REGULATOR, REGULATORY ENVIRONMENT, REGULATORY FRAMEWORK, REGULATORY INFRASTRUCTURE, REGULATORY REGIME, RESULT, RESULTS, RETAIL INVESTORS, RETIREMENT SAVINGS, RISK MANAGEMENT, SECURITIES, SECURITIES COMMISSION, SECURITIES INVESTMENT, SECURITIES LAW, SECURITIES MARKET, SECURITIES MARKETS, SERVICE PROVIDERS, STOCK MARKETS, SUPERVISION, TARGETS, TECHNICAL ASSISTANCE, TECHNICAL KNOWLEDGE, TELEPHONE, TRAINING COURSES, TRAINING MANUALS, TRANSLATION, TRUST FUND,
Online Access:	http://documents.worldbank.org/curated/en/2012/01/16350136/vietnam-assistance-regulation-guidance-management-investment-funds https://hdl.handle.net/10986/12969
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