Vietnamese investment firm VinaCapital has bought the HiPortfolio/3 fund administration platform from DSTi.
“VinaCapital’s investment portfolio is characterised by the presence of industry leaders, so when we decided to invest in a new fund accounting and portfolio management solution, the choice of an industry leader like DSTi came naturally”, says VinaCapital CFO Tuan Pham.
The Vietnamese economy has grown by an average of over 7% per year over the past five years, and the capital markets have developed rapidly during that period. The approximately 130 companies listed on Vietnam’s two securities trading centres have a market capitalisation of over US$10 billion, and shares traded on the over-the-counter market nearly double the size of the market.
“We are delighted to have VinaCapital as our newest client in Vietnam,” says Rhonda Lepsch, CEO for the Asia Pacific region at DSTi. “The Vietnam market holds huge potential for both foreign and domestic investors alike. Through the use of leading edge technologies such as DSTi’s Investment Management Solution, HiPortfolio/3, VinaCapital should be well positioned to easily adapt to future changes in this dynamic market. DSTi’s Investment Management Solution will also allow VinaCapital to provide even higher levels of customer service to its clients by automating many current manual procedures, thereby promoting accuracy and quickening response times. DSTi is highly committed to the Vietnam market and we now have five clients in the country. We hope to further expand our operations in Vietnam by opening an office in Ho Chi Minh City this year With over 600 staff in offices located in China, Hong Kong, Indonesia, Singapore and Thailand, DSTi currently supports over 150 clients in 13 different countries in the Asia Pacific region.”