PVCombank Bank was established through the merger of PetroVietnam Finance Corporation and Western Bank. It has charter capital of VND 9 trillion and total assets of VND 100 trillion. PVCombank finances major oil and gas projects in Vietnam and has a strategic relationship with Morgan Stanley, which owns 10% of PVFC. PVFC Capital is the fund management arm of PetroVietnam Group, managing over US$500 million in assets to connect investors with opportunities in Vietnam's growing oil, gas and other industries.