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Techcombank offers stock funds management

02/11/2007 -- 7:59 PM

Ha Noi (VNA) – The Viet Nam Technical and Commercial Joint Stock Bank (Techcombank) on November 2 began offering fund management services for stock investors.

The move is made in line with a decision issued recently by the Finance Ministry, which requires stock investors to transfer their capital from securities companies to commercial banks.

On the same day, Techcombank signed contracts to supply the services to the Bao Viet, Bien Viet, Ha Thanh and Hai Phong Securities Companies.

The bank plans to offer the services to an additional 10 securities firms by the year-end.-Enditem

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