Dragon Capital kicks off investment products on MoMo e-wallet

By Tuong Thuy
Fri, June 17, 2022 | 5:07 pm GMT+7

Dragon Capital Vietnam Fund Management (DCVFM) has launched fund certificates via the popular MoMo e-wallet, the first of its kind in Vietnam.

Via a partnership signed by Vietnam-focused financial institution Dragon Capital and M-Service Company, the latter’s MoMo platform will allow investors to use the e-wallet to trade open-ended fund certificates managed by Dragon Capital.

Executives of Dragon Capital and M-Service Co. embark on their partnership on June 10, 2022 in Ho Chi Minh City. Photo courtesy of M-Service.

Executives of Dragon Capital and M-Service Co. embark on their partnership on June 10, 2022 in Ho Chi Minh City. Photo courtesy of M-Service.

This is the first time in the Vietnamese financial market that open-ended fund certificate trading is made available on a super-app platform.

In less than one minute, investors can open a fund certificate trading account without going to a counter directly, according to MoMo. Moreover, investors do not have to open additional bank accounts or bear transfer fees (if any) when depositing investments.

"The partnership can be seen as a breakthrough in Vietnam's financial industry. An experienced fund management company with more than 25 years of history and the largest scale of assets under management teams up with a leading fintech unicorn to bring diverse investment products to more than 31 million users," said Luong Thi My Hanh, head of domestic asset management at DCVFM.

Comments (0)
  • Read More
Hanoi apartment prices skyrocket

Hanoi apartment prices skyrocket

The primary asking price of apartments in Hanoi reached nearly VND60 million ($2,422) per square meter at the end of 2023, and they have continued to rise by 10-15% this year.

Real Estate - Sun, March 24, 2024 | 7:00 am GMT+7

Mekong Delta province Vinh Long calls for investments worth $2.26 bln

Mekong Delta province Vinh Long calls for investments worth $2.26 bln

Vietnam's southern province of Vinh Long has called for project investments worth VND56 trillion ($2.26 billion) in several areas as it targets becoming a hi-tech agricultural hub by 2030.

Industries - Sat, March 23, 2024 | 8:28 pm GMT+7

Vietnam agri major Hoang Anh Gia Lai changes logo colors

Vietnam agri major Hoang Anh Gia Lai changes logo colors

Hoang Anh Gia Lai Group, which has decided to focus on cultivating bananas and durians and growing banana-fed pigs, will adopt a logo with new colors starting April 1.

Companies - Sat, March 23, 2024 | 8:22 pm GMT+7

Vietnam banks enter new phase of deposit rate cuts

Vietnam banks enter new phase of deposit rate cuts

Vietnamese commercial banks, led by state-controlled majors, have begun a new round of lowering deposit interest rates amidst tepid credit growth.

Banking - Sat, March 23, 2024 | 3:42 pm GMT+7

More banking activities can boost India-Vietnam ties: envoy

More banking activities can boost India-Vietnam ties: envoy

Increased banking activities would enhance economic, investment and trade ties between Vietnam and India, Indian ambassador Sandeep Arya said Friday at the Business Meet on India-Vietnam Business and Banking Services.

Banking - Sat, March 23, 2024 | 2:57 pm GMT+7

Malaysia declines to host 2026 Commonwealth Games

Malaysia declines to host 2026 Commonwealth Games

Malaysia has rejected an offer to host the 2026 Commonwealth Games Federation (CGF), under a decision made by the cabinet on Friday.

Southeast Asia - Sat, March 23, 2024 | 2:00 pm GMT+7

Thailand works to conserve coral reefs

Thailand works to conserve coral reefs

Thai marine biologists are making efforts to save the country’s reefs from degradation driven by warming oceans and human activity like tourism.

Southeast Asia - Sat, March 23, 2024 | 1:55 pm GMT+7

Thailand aims to become EV production hub

Thailand aims to become EV production hub

Thai Prime Minister Srettha Thavisin on Friday reiterated his government's policy to promote the domestic manufacturing of electric vehicles (EVs) and parts in order to drive national economy.

Southeast Asia - Sat, March 23, 2024 | 1:50 pm GMT+7

Japan's Suntory earns $950 mln from 2023 beverage business in Vietnam

Japan's Suntory earns $950 mln from 2023 beverage business in Vietnam

Japan-based brewing and distilling firm Suntory, a partner in Vietnam-based Suntory PepsiCo Vietnam Beverage, earned an organic revenue of JPY143.4 billion ($947 million) from beverage business in the Southeast Asian country in 2023.

Companies - Sat, March 23, 2024 | 11:43 am GMT+7

Vietnam Airlines considers adding Embraer aircraft to fleet

Vietnam Airlines considers adding Embraer aircraft to fleet

National flag carrier Vietnam Airlines and its subsidiary Pacific Airlines are drafting a plan to overcome challenges related to the Covid-19 pandemic by checking the suitability of Embraer aircraft for their fleets.

Companies - Sat, March 23, 2024 | 11:27 am GMT+7

Australia’s Northern Territory - a land of great potential

Australia’s Northern Territory - a land of great potential

Australia’s Northern Territory is a land rich in resources, with many favorable conditions for the development of agriculture and tourism. It possesses huge untapped potential, and has high demand for labor and construction materials for infrastructure development.

Industries - Sat, March 23, 2024 | 7:45 am GMT+7

SK Ecoplant, BCG Energy to jointly develop 700 MW of renewable energy in Vietnam

SK Ecoplant, BCG Energy to jointly develop 700 MW of renewable energy in Vietnam

SK ecoplant, part of South Korean chaebol SK Group, and BCG Energy, under Vietnamese conglomerate Bamboo Capital Group, will cooperate to produce 700 MW of renewable energy in Vietnam.

Energy - Fri, March 22, 2024 | 9:51 pm GMT+7

ASEAN, China, Hong Kong cooperate for first time in textile industry

ASEAN, China, Hong Kong cooperate for first time in textile industry

The China National Textile and Apparel Council, the ASEAN Federation of Textile Industries (AFTEX), the Textile Council of Hong Kong, and the Hong Kong General Chamber of Textiles (HKGCOT) signed their first memorandum of understanding on cooperation at a ceremony in Hong Kong on Thursday.

Southeast Asia - Fri, March 22, 2024 | 5:04 pm GMT+7

China projector maker XGIMI to invest $30 mln in northern Vietnam

China projector maker XGIMI to invest $30 mln in northern Vietnam

XGIMI, a China-based projector manufacturer, will invest $30 million in the first phase of a project in Vietnam’s northern province of Nam Dinh.

Industries - Fri, March 22, 2024 | 4:47 pm GMT+7

Boeing aids clean water access, sustainable livelihoods projects in Vietnam

Boeing aids clean water access, sustainable livelihoods projects in Vietnam

Eleven Vietnam projects related to clean water access and sustainable agroforestry livelihoods will receive funding from a Boeing grant this year.

Companies - Fri, March 22, 2024 | 4:39 pm GMT+7

Samsung-Apple supplier Goertek to run $280 mln project in northern Vietnam next quarter

Samsung-Apple supplier Goertek to run $280 mln project in northern Vietnam next quarter

Goertek Electronics Vietnam Co., Ltd., a major supplier to Samsung and Apple, plans to start operating a $280 million investment project in the northern province of Bac Ninh next quarter.

Industries - Fri, March 22, 2024 | 4:33 pm GMT+7