Life insurer Prudential Vietnam will set up an investment fund in the country in a bid to expand to the financial sector, said Prudential plc Group Chief Executive Jonathan Bloomer during a recent Vietnam visit. "Establishing an investment fund in Vietnam is our current target as we have committed to doing long-term business in the country," Mr. Bloomer told local reporters in Ho Chi Minh City Nov. 3. Prudential plc Group Chief Executive Jonathan Bloomer … [Read more...] about Prudential Vietnam to establish investment fund
Investment fund business plan
You need capital? Knock, investment funds’ doors will open
VietNamNet Bridge - Investors now all wish to pour money into the high technology sector, which means more and bigger opportunities for high technology start-ups. Vietnam witnessed 37 merger and acquisition (M&A) deals made in the information technology (IT) in 2012 and the first half of 2013. According to TOPICA, in the first nine months of the year, 18 start ups successfully received investments. This shows that the doors to investment funds for capital have been opened widely to technology firms. Truong Ly Hoang Phi, Deputy Director of BSSC, said the figures are not surprising at all because of the high potentials of IT firms and the high demand of investors to make investment for profit at this moment. Analysts also think that no need to worry about the lack of capital for the business ideas. There are enough investors who have enough money to support feasible business plans. The affair that kicked off the new trend of investment funds injecting money in IT firms was the … [Read more...] about You need capital? Knock, investment funds’ doors will open
Time for equity investment funds to have rethink
New government policies on banning gold deposits and credits from May 1, this year and limiting gold plate transactions shortly, as well as tight forex policies are pushing private equity investment funds to turn their interest towards enterprises in consumer-driven sectors. Mekong Capital principal Pham Vu Thanh Giang talks about the impact of the polices on its investees. As the government changes gold transaction management policies, what are the impacts on Phu Nhuan Jewellery (PNJ) - a Mekong Capital's investee? In our view, savings in terms of gold have been a habit for Vietnamese households and it will not take one or two days to change. When prohibited from buying and keeping gold bars, they will be driven to keep gold-in-kind and gold jewellery of prestige brand-names and PNJ will certainly be one of the best options. Given that jewellery sales accounted for about 30 per cent of PNJ's total sales last year but contributed 80 per cent of the company's gross profit, a … [Read more...] about Time for equity investment funds to have rethink
Business plan for 2011: cooperate or die
VietNamNet Bridge - The decision by the State Bank of Vietnam to float the interest rates has made businesses worried. Businessmen say they have been put under hard pressure which has forced them to reconsider the borrowing and the business plan for 2011. In principle, floating interest rates is an effective solution to stabilize the exchange rate and inflation rates, while allowing banks to take initiative in lending and mobilizing capital. However, this has raised worries among businesses that the interest rates will escalate and make business unprofitable. … [Read more...] about Business plan for 2011: cooperate or die
Investment fund with a conscience
After a team from the fund management firm Anpha Capital returned from an overseas fund raising trip, Viet Nam News spoke with Nikhil Singh, Chief Investment Officer, about their future fund and responsible investment. Could you please tell me about the plan for your new fund? We are launching our Viet Nam Responsible Investment Fund, a private equity fund that integrates environment, social and governance ("ESG") matters into the investment process. This approach expands the risk-return relationship since companies with good corporate governance trade at a 20 to 30 per cent premium with increased risk management of downside risks from social and environmental perspectives. Our target is to have a first close of the fund within the first half of 2010 and to then keep the fund open to new investors until a second close 18 months later. … [Read more...] about Investment fund with a conscience