Advising establishing the member fund in Viet Nam

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QUESTION CUSTOMER’S ANSWER RECOMMENDATION
What is the name of the Fund? – Vietnam Russia Investment Fund

– Vietnam Russia Dynamic Fund

– Vietnam Russia Securities Investment Fund

– Vietnam Dynamic Growth Fund

– Asia Dynamic Growth Fund

How  much  is  the  charter capital of the Fund? Charter capital of the Fund must be sufficient for investments, payment for service fees of the Fund because whenever the Fund wants to add investments, it must go through capital contribution  process  and  freezing  account  opened  at Custodian Bank and asking permission from SSC.
The address of the head office of the Fund? FPTS recommends that the Fund should put the address of the office of the Fund the same as FPT Securities’s address so that FPTS can manage more effectively and the Fund can use the personnel of the Fund Manager.
The duration of the Fund? FPTS recommends that the duration should be at least from 3 to 5 years. During the period of operation, the Fund can actively ask for earlier dissolution or extend the duration of operation (depending on the decision of the General Meeting of  Investors)
Name of capital-contributing members of the Fund? FPTS would like customers to send establishment decision/Certificate of business registration, Company Charter and audited financial statements (at the latest time) of capital-contributing members.
Capital contribution ratio of members of the Fund? The ratio could be changed when the Fund increase the charter capital  and members have different capital contribution compared to the first ratios when establishing the Fund or when the Fund increase its charter capital by issuing new shares for new members.
Who are authorized representatives of the capital contributing members? The  investors must provide valid  ID/Passport  of  the individuals.
Who are members of Board of Directors of the Fund? Who will be appointed as Chairman of the Board of Directors? Board of Directors has from 3 to 11 members.  FPTS recommend that the Board should include 5 members representing the capital contribution from investors of the Fund or individuals which has solid knowledge of the market which is necessary for the decision making of the Fund. The Fund can appoint one person of the Fund Management Company as member of the Board of Directors.
Who will be the Fund Manager? FPTS recommends to use the services of FPTS because FPTS has years of experience in the fund management sector with professional personnel  and competitive fee levels in the market.
Who is chosen to be the Custodian Bank? FPTS recommends to use the services of Bank of Investment and Development of Vietnam, Ha Thanh Branch (BIDV Ha Thanh) since this is the experienced bank in the custody services and the bank can offer competitive services fees.
Who will be the auditor of the Fund? FPTS recommends to use services of Big 4, because of the trust and experience in auditing  and can issue audited bilingual reports. If customers agree, FPTS will negotiate to pick the auditor which offer the most competitive fees in Big 4 group.
Investment strategy and objectives of the Fund FPTS recommends: Investment strategy and objectives of the Fund is investing in fixed-income  assets,  equity  of  the  companies  which  has potential of high growth. Besides, the Fund can invest in establishing new companies or buying real estate which is allowed for business to optimize the performance of the Fund.
Fund management fee? FPTS offers the competitive fees in the market, with the purpose of long-term and effective cooperation with the investors. The specific fees are as following:

– Fund management fee (without investment advisory service): 0.7% Charter Capital of the Fund/per year.

– Fund  management  fee  (with  investment  advisory service): 1.3% Charter Capital of the Fund/per year.

Custody fees payable  to the Custodian Bank? FPTS proposes customers to use the services of Bank of Investment and Development of Vietnam (BIDV) because of their competitive services fees and professional working manners. The specific fees are as below:

– NAV ≤ VND 1000 billion: Custody fee is 0.045%/NAV/year

– NAV > VND 1000 billion: Custody fee is 0.04%NAV/year

– Fund administrative services fee: 0.03%/NAV/year

Performance fee for Fund Management Company and reference Index? Normally, if the fund management service of the  Fund Manager is excellent and generate positive expected returns for the investors, the Fund could consider give bonus to the Fund Manager in addition to fixed fund management fee.

Required documents:

  • Certified copy of establishment decision/Certificate of business registration of capital-contributing members for domestic legal entities. (The date of certification of the copy is not more than 6 months from the time of submitting the application documents)
  • Establishment decision/Certificate of business registration which needs notary translation and consular legalization for foreign legal entities (The consular legalized documents must be dated no more than 6 months from the time of submitting the application documents)
  • Company Charter of capital-contributing members. (if the Charter is in foreign language, it must have notary translated copy)
  • Audited financial statements of capital-contributing members proving the capital source used to contribute to the Fund (if the financial statements are in foreign language, it must have notary translated copy)
  • Meeting minutes and Decision of the General Meeting of Shareholders or the Board of Directors, Decision of the Members’ Council or of the Owner on taking part in capital contribution to funds and appointing the authorized representative of capital contribution.
  • Personal profile of the authorized representative of capital contribution appointed by capital-contributing members, who will sign in the application of establishment of the Fund on behalf of the investors:
  • Notarized valid ID/passport of individuals who are the authorized representative of Vietnamese legal entities
  • Notarized and legalized copy of passport of individuals who are the authorized representatives of capital contribution of foreign entities.
  • Personal profiles of individuals appointed as members of Board of Directors of the Fund:
  • Notarized valid ID/passport of individuals who are the authorized representative of Vietnamese legal entities.
  • Notarized and legalized copy of passport of individuals who are the authorized representatives of capital contribution of foreign entities.

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