Yes, foreign investors — both institutional and individual — are permitted to invest in mutual funds.
To complete the account opening process for investing in an open-ended fund, foreign investors are required to complete three key steps: Obtain a Securities Trading Code (STC) issued by the Vietnam Securities Depository and Clearing Corporation; open an Indirect Investment Capital Account (IICA) at a licensed bank in Vietnam to facilitate capital inflows and outflows related to indirect investment activities; open a fund certificate trading account with VCAM to subscribe to and redeem fund units.
VCAM will provide dedicated guidance and support throughout the process to ensure that each foreign investor can complete the required procedures smoothly and in compliance with applicable regulations.