Skip to content
Subscriber Only

Templeton Buys 49% of Vietcombank

Franklin Resources hopes to leverage its partnership with the asset manager to make funds available for Vietnamese investors

Franklin Resources, which operates under the Franklin Templeton Investments corporate name, has bought a 49% stake in Vietcombank Fund Management (VCFB), an asset management firm focused on private equity investments in Vietnam.

Franklin Templeton bought the stake from Singapore-based investment company Viet Capital Holding. The remaining 51% of VCBF will continue to be owned by Vietcombank, the state-owned commercial bank. The value of the acquisition was not disclosed.