CATEGORIES

© Copyright 2004; Hanoitimes - Economic and Urban Newspaper;

The tribune of Hanoi People’s Committee

Publication Permit: 29/GP-CBC

Editor - in - Chief: Nguyen Thanh Loi

Managing Editor: Ta Thu Giang

Email : thugiang@hanoitimes.vn

Head Office: 21 Huynh Thuc Khang Street, Dong Da District, Hanoi

Branch Office: 221 Tran Phu Street, Ha Dong District, Hanoi

WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Investment / News
Deutsche Bank’s ongoing restructuring deemed not to affect Vietnam portfolio
Ngoc Thuy 18:01, 2019/07/09
Deutsche Bank will continue to promote DWS fund management, the money management unit of the bank, with the goal of reaching top 10 largest fund management companies in the world.
Deutsche Bank's current restructuring effort is unlikely to its securities portfolio in Vietnam, according to Bao Viet Securities Company (BVSC).
 
Illustrative photo.
Illustrative photo.
The Germany-based lender recently announced it would lay off 18,000 jobs globally that will will ultimately cost EUR7.4 billion (US$11.3 billion) and scale back its investment bank - a major retreat after years of working to compete as a major force on Wall Street. The bank has almost 91,500 staff around the world.
 
As part of the overhaul, the bank will scrap its global equities business and also cut some of its fixed-income operations

In Vietnam, Deutsche Bank currently holds a share portfolio worth hundreds of millions of dollars through investment funds, including the FTSE Vietnam exchange traded-fund (ETF) – the second largest ETF in Vietnam’s stock market with total investment portfolio worth US$300 million. 

Additionally, Deutsche Bank also appointed Duxton as the delegated fund manager for DWS Vietnam fund, which has recently been renamed to Vietnam Phoenix Fund Limited. 

Vietnam Phoenix Fund Limited’s portfolio is estimated at US$150 million, mainly focus on companies that have not listed share on stock market, including Greenfeed, Anova, VTC Online, among others. 

BVSC expected a series of changes made by Deutsche Bank would help to reduce 25% of its business costs by 2022. 

Regarding corporate structure, firstly, in order to operate more effectively after a series of incidents in the last 5 years, Deutsch Bank will completely exit stock trading business, while at the same time, gradually reducing capital for bond market by about 40% of the current level. The Deutsche Bank’s buying and selling equities business will be taken over by French BNP Paribas. 

Secondly, Deutsche Bank will form a Corporate Banking unit to serve businesses. 

Thirdly, the German bank will continue to strengthen the expansion of private banking segment, especially asset management service for individual customers in Asia. 

Fourthly, Deutsche Bank will continue to promote DWS fund management, with the goal of reaching top 10 largest fund management companies in the world. 

“Therefore, it can be said that the FTSE Vietnam ETFs will not be negatively affected by this restructuring but may possibly benefit in the future,” suggested BVSC. 
Comments
Other news
18:03, 2025/02/22
Vietnam attracts South Korean tech investment at SEMICON Korea 2025
The event provided a platform for Vietnam to showcase its semiconductor potential and reaffirm its commitment to developing high-tech industries and strengthening international cooperation.
16:46, 2025/02/20
Swedish group plans US$1 billion investment in Binh Dinh recycling plant
By creating a large number of jobs and promoting a green economy, the initiative is important in establishing Vietnam as a global hub for the circular textile sector.
10:52, 2025/02/13
Samsung plans to invest in AI, semiconductors in Vietnam
Vietnam will continue improving its investment environment and driving strategic breakthroughs in order to usher in a new era of economic development.
17:20, 2025/02/07
Vietnam's data center construction costs among the lowest in Asia Pacific
The country has a lot of potential to become one of the most important data markets in the region.
21:05, 2025/02/03
Bright prospects for FDI inflows into Vietnam in 2025
Market size, growth potential, low labor costs, and stable political and social conditions continue to be Vietnam’s selling points in attracting foreign investors.
10:57, 2025/01/30
Foreign companies confirm investment expansion in Vietnam in 2025
Some foreign firms are optimistic about Vietnam's economic prospects in 2025 and plan to expand investment, focusing on sustainability across sectors.