The new office will focus on emerging markets investment research and the promotion of financial services projects focusing on the Vietnamese stock market and securities sector.
The opening follows the group’s entry into the Vietnamese market in February when it acquired a 49 per cent stake in Vietcombank Fund Management, a private equity focused investment management firm in Vietnam.
The firm first established a presence in the Asia Pacific region in the late 1980s and now has offices in mainland China, Hong Kong, India, Japan, Korea, Singapore and Australia.
Templeton Asset Management executive chairman Dr. Mark Mobius says:
“Having analysts on the ground in frontier markets like Vietnam benefits our company research efforts, enabling more frequent company visits and greater insight into how companies operate. Vietnam is a young market, but the potential is immense. We believe it will grow to become one of Asia’s most important markets and we want to provide our investors with the opportunity to take advantage of that growth.”