VIETCOMBANK FUND MANAGEMENT places great importance on responsible corporate governance. VCBF is committed to maintain the highest standards of business integrity. We believe that adherence to sound principles of Corporate Governance through solid due diligence process, “Know Your Client Principles” and internal control practices are vital to protecting VCBF´s reputation, assets and its clients’ interests and confidence.
VCBF expects each of its staff members to act ethically and with integrity in all of their dealings, being fair and honest in placing clients’ interests foremost, and always respecting all applicable laws and regulations. All staff are required to maintain the professional standards in dealing with confidential and proprietary information and to avert and report conflicts of interest.
VCBF adopts a Know-Your-Customer (“KYC”) policy with all clients before and during a business relationship, and adheres to a strict Anti-Money Laundering ("AML") policy. All KYC and AML processes have been devised to comply with existing Vietnamese legislation and with international best practices.
$4.5 billion steel investment sparks MOIThursday, 29 July 2010 The Ministry of Industry and Trade (MOIT) has allowed investors to increase the investment capital of Guang Lian Dung Quat steel project to $4.5 billion, thus raising the capacity to ... more |
Vietcombank posts $146mil in profitThursday, 29 July 2010 Partly-equitised Vietcombank posted a creditable pre-tax profit of VND2.8 trillion (US$145.83 million) to June 30, up 7.3 per cent against the same six months of last year. After-tax profit of VND2.15 ... more |
Low credit growth rate makes banks worryThursday, 29 July 2010 After banks cut interest rates, the deposits flowing to banks have been slowing down, while the lending has not been satisfactory. This has made banks fear that they may not ... more |