Sumitomo Mitsui Trust to enter Vietnam asset management market – report
Sumitomo Mitsui Trust will own 49% of the venture and BIDV will hold 51%. Credit: Piotr Swat/ Shutterstock.com. Sumitomo Mitsui Trust Group is preparing to move into Vietnam’s asset management industry, with the entry expected as early as next year through a joint venture with a state-owned lender, reported Nikkei. The planned company will…