Tue. Jul 9th, 2024

Investment trust boom

Avatar of Nick John By Nick John Dec9,2023 #Investment #trust
Investment trust boom 3
Investment trust boom 3

The economy is difficult, bank deposit interest rates are low (7% per year for terms of less than 6 months), and other investment channels are gloomy, which is an opportunity for this type of profit.

Ms. Thanh, an employee of a travel company in District 10, Ho Chi Minh City, often receives emails and text messages from an employee claiming to belong to a group specializing in financial investment based in District 3. This consultant introduced

On many online forums, brokers also look for opportunities to offer and advertise this form of business.

Offers for investment entrustment on forums and websites.

With an interest rate of up to 36% per year (5 times higher than savings), and with peace of mind from the staff, many people waver between the two options of depositing in a bank or an investment trust.

`I just sold land for about 200 million VND and received a very attractive marketing offer from the broker. I am very hesitant about whether I should entrust this amount of money to enjoy high interest rates or deposit it in the bank.

As an investor, reporter VnExpress.net interacted with a broker of a company with investment trust services.

To strengthen customers’ trust, she also affirmed that the company’s foreign exchange (forex) trading activities are completely legal and licensed (in fact, this activity is still banned).

Investment trust boom

Talking to VnExpress.net about this issue, Mr. Nguyen Hoang Minh, Deputy Director of the State Bank, Ho Chi Minh City branch, said that if companies do not have the function of receiving investment mandate but still carry out operations,

Some places accepting private investment trusts offer attractive offers such as: if customers deposit a minimum amount of 60 million VND with a term of 6 months, they will receive an interest rate of up to 36% per year.

Dr. Le Vu Nam, Dean of the Faculty of Law, University of Economics and Law of Ho Chi Minh City National University, said that investment trust is a complex activity, containing many risks and easily giving rise to disputes.

According to him, to protect the legitimate rights and interests of investors, current law stipulates that entrusted investment activities are in the field of conditional business lines.

According to the provisions of the Law on Credit Institutions 2010 and the Law on Securities amending and supplementing a number of articles of the Law on Securities 2010, Decree 58 of the Government guiding the implementation of the Law on Securities and the Law amending and supplementing

Thus, the fact that some enterprises conduct investment entrustment without meeting the conditions or are not organized and operating according to the above models is not in accordance with the provisions of law and if operating

He said that the biggest risk for investors when entrusting capital to a business that does not have a fiduciary function is losing the entrusted capital.

Previously, there was a stirring story of 7 investors entrusting money to Hanoi Golden Financial Investment Joint Stock Company (HGI) Southern branch, filing a complaint denouncing this company’s refusal to return the entrusted money.

Another expert also warned that risks can still occur with trusts investing in the fund management companies themselves… And in case the trust party does not receive the money back, they can sue in court and

`People should be alert, should not chase high profits but should pay attention to the safety of capital,` he said.

Related Post

Leave a Reply

Your email address will not be published. Required fields are marked *