ANZ Vietnam Bank is marketing its first structured investment product in two years to domestic retail investors in a move to provide alternatives to traditional investment products.
ANZ head of retail banking in Vietnam, Duong Duc Hung, said in a statement released on Monday that the new product aims to meet the individual needs of customers, helping them diversify portfolios and maximise returns in the current volatile economy.
The products are a combination of a traditional deposit and a derivative product offering full protection at maturity, with returns linked to the performance an undisclosed underlying basket, including currencies and gold.
A minimum investment of US$10,000 or equivalent is required, with a potential yield envisaged of up to 25% annually.
ANZ is the first foreign bank to offer structured products in the Vietnamese market.