DFVN-CAF is the first Open-ended fund established and managed by DFVN. With dedicated on-the-ground experienced team of professionals, DFVN has been entrusted to manage life insurance funds of capital of the Dai-ichi Life Insurance Company of Vietnam, Limited (Dai-ichi Life Vietnam) with the total asset under management over VND17,000 billion as of November 2018. Taking a long term view, DFVN emphasizes being disciplined in investment process while remains flexible in execution of investment tactics in response to market conditions. DFVN-CAF investment strategy is the combination of value style - setting a foundation of quality investment assets/equities with good fundamentals that can bring in stable sources of return, and growth investment strategy - navigating opportunities for potential higher income; a fusion investment method combining “top-down” macros, industry analysis and “bottom-up” approach looking deeper into company fundamentals, stock valuations … [Read more...] about Dai-ichi Life Vietnam Fund Management Company launch Open-ended Fund – DFVN Capital Appreciation Fund
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BUSINESS NEWS IN BRIEF 30/12
Vietnamese ride-hailing FastGo launched in Myanmar FastGo Viet Nam on Friday officially launched its service in Myanmar, becoming the first Vietnamese firm in the ride-hailing sector to expand its operations to foreign markets. FastGo plans to introduce its services in big cities in Myanmar in 2019, with 2 million users and 100,000 drivers. In addition, it would continue to invest and call for investment to develop new services in the market. It would maintain its competitive advantage of no commission for driver partners and not increasing fares during peak hours or adverse weather conditions. Speaking at the launch ceremony, Nguyen Huu Tuat, FastGo’s general director said with the foundation of global technology and service operation know-how, FastGo would continue to invest to develop new services in Myanmar. “We expect to become a part of Myanmar and a trusted partner,” he added. He said the company chose to launch in Myanmar first as they have a partner – … [Read more...] about BUSINESS NEWS IN BRIEF 30/12
BUSINESS NEWS IN BRIEF 24/8
20th edition of Vietfish expo opens in HCM City The country’s premier fisheries expo, the Viet Nam Fisheries International Exhibition, returns to HCM City 30 per cent larger than when it debuted in 2008.The event, hosted by the Viet Nam Association of Seafood Exporters and Producers (VASEP), opened on August 22 at the Sai Gon Exhibition and Convention Centre in District 7.In its 20th edition this year, the annual event, with the theme “Asia’s Home of Seafood”, has attracted 233 exhibitors from 14 countries and territories.The organisers said the exhibition this year has been expanded by nearly 200sq.m from last year with 7 per cent more exhibitors.Vietnamese companies are once more showing off their potential as leading fisheries exporters.Some 66 per cent of the exhibitors are domestic, organisers said.Of the participants, 55 per cent are in aquaculture and services while the remaining 45 per cent sell machinery and equipment, chemicals, … [Read more...] about BUSINESS NEWS IN BRIEF 24/8
Hanwha Life expands distribution system through co-operation
Officials from Hanwha Life Vietnam and WorldLink Vietnam signing the partnership deal On July 27, Hanwha Life Vietnam signed an agreement for a strategic co-operation with WorldLink Vietnam. Accordingly, WorldLink Vietnam will be in charge of consulting and distributing Hanwha Life Vietnam’s life insurance products. Besides, it also has a strategic tie-up with BOM Finance Service Vietnam to distribute is products through the latter’s distribution system. Speaking at the signing ceremony, Back Jong Kood, chairman of the board directors of Hanwha Life Vietnam, stated that expanding the network and diversifying distribution channels is part of Hanwha Life’s development strategy in Vietnam. The purpose of the above co-operation is to make it easy for customers to approach financial products. A member of Hanwha Group, one of the 10 largest companies in Korea, the company derives an advantage from its deep pockets with the charter capital of VND4.9 trillion ($216.8 … [Read more...] about Hanwha Life expands distribution system through co-operation
BUSINESS NEWS IN BRIEF 3/8
JLL reports on real estate M&A in first half Vietnam’s real estate market continued to exhibit irresistible appeal among foreign investors in the first half of 2018 and continued to witness high-value merger and acquisition (M&A) transactions in a variety of sectors such as residential, commercial, and industrial, according to Ms. Khanh Nguyen, Associate Director, Capital Markets, Vietnam, at JLL. Joint ventures have become popular among foreign developers who have strong financial capacity and track record, with them joining forces with local developers who own land and have strong connections with the local community. Foreign investors are from many different countries, such as Japan, South Korea, and Singapore, and with an increasing number of groups from Mainland China. JLL observes that there is an increasing number of local investors who are actively seeking real estate deals alongside foreign investors. 2018 started off with the acquisition of Sun Wah office tower … [Read more...] about BUSINESS NEWS IN BRIEF 3/8