Bringing private banking to Vietnam

Le Huy Phuong, director of IPA Investments, talks about how and why his securities company is now offering private banking services to clients in Vietnam.

Private banking is virtually non-existent in Vietnam. As Le Huy Phuong, director of IPA Investments in Ho Chi Minh City, puts it ôYou can count on one handö the number of banks who either have, or are setting up private banking arms to their businesses. IPA is one of those rare securities companies that is offering such a service. FinanceAsia talks to Le about the business.

Given that private banking is a new concept in Vietnam, how are you...

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