Golden Bridge, a Republic of Korea financial group, announced Friday its establishment of the US$19 million investment fund Blue Ocean specializing in securities and real estate projects in Vietnam. The fund will be managed by the Golden Bridge Asset Management Co., an affiliate of the Golden Bridge Group. Golden Bridge's President Ly Sang Joon … [Read more...] about RoK group sets up Vietnam investment fund
Vietnam investment fund
VinaCapital Group - manager of the Vietnam Opportunity Fund (VOF) - has recently raised US$58 million in Europe and the US to bring the fund's total capital to $95 million, local newspaper Tuoi Tre reported. The new cash injection is 2.5 times higher than the previously expected, said Don Lam, managing director of VinaCapital when returning from his trips to the EU and US. Mr. Don Lam, managing director of VinaCapital. … [Read more...] about Vietnam investment fund VOF raise capital to US$95 mil.
Canadian insurer Manulife plans to raise VND250 billion (US$15.5 million) from a new investment fund in Vietnam, the government said Tuesday. The State Securities Commission said in a statement that Manulife would establish the Manulife Progessive Fund (MAFPF1). It planned to raise VND250 billion by selling 25 million fund certificates with a face value of VND10,000 dong each. The statement did not provide details of when the sale would take place. Source: Reuters … [Read more...] about Manulife to launch Vietnam investment fund
By Thuy Trieu - The Saigon Times Daily HCMC - Shareholders of Vietnam Enterprise Investments Fund (VEIL) and Vietnam Growth Fund (VGF), both managed by Dragon Capital, on Monday decided to keep the funds active in Vietnam given the country's good prospect. During the meeting of the funds' shareholders in HCMC on Monday, the management tried to convince shareholders about the bright future outlook of Vietnam's market. According to a statement issued by Dragon Capital, the annual general meetings saw an unusually high turnout, at 66% for VEIL and 66.8% for VGF. All resolutions were voted in line with the recommendations by the boards of directors, including votes against wind-up of the funds. VEIL and VGF had been in the spotlight as VR Capital, a Moscow-based fund manager with holdings in the funds, backed the wind-up of the funds. With 83.24% of those voting at VEIL's meeting and 89.22% at VGF's meeting voting against the wind-up, it is clear however that the substantial majority … [Read more...] about Dragon Capital to maintain Vietnam investment funds
Dragon Capital, the largest institutional investor in the Vietnamese stock market, is raising up to US$100 million in a new fund that will invest in Vietnam, Laos and Cambodia. Its Chief Executive Dominic Scriven said on February 29 that the group looks for investment opportunities as the Vietnamese government embarks on a major effort to privatize state-owned assets. "We are hoping to reach a first close in the first half of this year, raising US$50 million to US$$100 million...This will be used to invest in private companies in Vietnam, Cambodia and Laos," he said adding that most of the money to be raised by Dragon's new IndoChina Opportunities Fund will go to Vietnam. "Vietnam is our big home market. In geopolitical terms, and therefore also in economic terms, Vietnam is creating a zone of influence in Indochina principally as a counterweight to the influence of China." "There are strong flows of capital, politics, aid and people from Vietnam to Laos and Cambodia. … [Read more...] about Dragon Capital to raise Vietnam investment fund