By the end of Q2 2025, Vietnam's asset management industry boasted a combined discretionary portfolio value exceeding 614 trillion VND, marking a nearly 5% increase from the year's start. This growth fueled a surge in management fee revenue. Notably, three firms stood out with colossal portfolios, each managing hundreds of trillions of VND, heavily invested in bonds. Their success is attributed to the robust support from their insurance ecosystem.