TCBS, via its Fundmart platform, distributes two open-ended fund products: the Dynamic Securities Investment Fund (DCDS) and the DC Equity Focused Dividend Fund (DCDE). With a history spanning over 20 years, DCDS is one of the oldest open-ended funds in the market, focusing on growth stocks. As of July 31, 2025, DCDS delivered a 3-year average compound return of 17.7%/year, more than doubling the growth of the VN-Index during the same period (7.6%/year). Meanwhile, DCDE is Vietnam’s first open-ended equity fund to distribute periodic cash dividends, offering stable cash flow to investors while ensuring capital appreciation opportunities. The fund has maintained stable investment performance, with a 3-year average compound return of 12.8%/year, outperforming the overall market.
Fundmart, TCBS’s online fund certificate trading platform, is currently one of the leading systems in the market, capturing a significant share of domestic open-ended fund transactions. With fully online trading capabilities through TCInvest, transparent performance tracking, and a diverse range of products, Fundmart has been instrumental in shifting Vietnamese investment habits towards more systematic, long-term, and efficient investing.
Ms. Nguyen Thi Thu Hien, CEO of TCBS, shared: “The distribution of Dragon Capital’s open-ended funds on the Fundmart platform not only expands the range of quality products available to individual investors but also showcases TCBS’s pioneering role in fostering the development of long-term investment in Vietnam. As the capital market continues to expand and the demand for wealth management among the population increases, we believe that open-ended funds distributed through modern, transparent technology platforms will become an efficient and sustainable choice for millions of investors. This collaboration also aligns with our strategy to accompany our clients on their journey towards building a solid financial future, leading to a prosperous tomorrow.”
Ms. Nguyen Thi Thu Hien, CEO of TCBS
Mr. Beat Schuerch, CEO of Dragon Capital Vietnam, stated: “The collaboration between Dragon Capital and TCBS carries not only strategic significance but also perfect timing as the Vietnamese capital market embarks on its path towards modernization and deeper integration with international financial markets. By combining Dragon Capital’s three decades of experience in fund management with TCBS’s digital strengths, we will bring investment products closer to a wider range of Vietnamese investors. We believe that this partnership will enhance transparency, expand investment opportunities, and foster sustainable long-term growth.”
Mr. Beat Schuerch, CEO of Dragon Capital Vietnam
Vietnam is undergoing a robust economic transformation. In 2024, the country’s GDP growth reached 7.1%, exceeding expectations and fueling the demand for accumulation, investment, and wealth management among its citizens. The rapid expansion of the middle and upper classes presents opportunities for the development of personal financial products, including open-ended funds.
However, the domestic investment fund market is still in its early stages of development. Currently, the assets under management (AUM) of investment funds account for only about 2% of GDP (excluding trust investment accounts of linked insurance funds), significantly lower than the 20% or higher typically seen in developed countries. The Vietnamese government has set a target to increase this ratio to 6% of GDP, or approximately $38 billion, by 2030, as part of its capital market development orientation. As Vietnamese individuals diversify their personal assets, shifting from real estate and deposits to stocks, bonds, open-ended funds, and new financial products, the investment fund market is poised for significant potential that needs to be harnessed effectively.
Against this backdrop, the collaboration between TCBS, a leading securities company in terms of operational efficiency and financial technology capabilities, and Dragon Capital, Vietnam’s oldest and most reputable fund management company with over 30 years of experience and nearly $6 billion in assets under management, is expected to create a significant boost in popularizing fund investing among individual investors. The combination of extensive investment expertise and a modern digital distribution platform will help bridge the gap in accessing professional financial products and promote the sustainable development of Vietnam’s capital market.
About TCBS
TCBS (a subsidiary of Techcombank) has consistently ranked among the top securities companies in terms of profitability for six consecutive years (2019–2024). Besides its strong investment products and diverse financial solutions, TCBS boasts a large team of information technology professionals and is a pioneer in pursuing a Wealthtech strategy to become a leading financial technology company globally. In 2025, FiinRatings assigned TCBS an AA- rating for its first-time bond issuance, with a stable outlook, the highest among rated securities companies.
Website: https://www.tcbs.com.vn.
About Dragon Capital Vietnam
Dragon Capital Vietnam is one of the largest and oldest fund management companies in Vietnam’s capital market, with over 30 years of experience, managing and advising on nearly $6 billion in assets, serving a diverse range of clients, including individual investors, private investment funds, pension funds, and national investment funds.
Dragon Capital invests in various sectors, including securities, private equity, and renewable energy, with a team of domestic and international professionals specializing in portfolio management, economic analysis, trading, legal, and investment research.
The open-ended funds managed by Dragon Capital consistently deliver market-leading investment performance. Notably, Dragon Capital was also the first fund management company in Vietnam to successfully implement a voluntary supplementary retirement program for enterprises and employees.
Website: https://www.dragoncapital.com.vn.
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