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
Foreign investment funds have difficulties mobilizing capital By Thuy Trieu - The Saigon Times Daily HCMC – The risk of double-dip recession in the world together with changes in the local stock market has created challenges for foreign funds to mobilize capital for investments in Vietnam. Many investment funds including large ones such as VinaCapital and Mekong Capital have planned to raise funds to invest in Vietnam since 2010 but no new funds are established so far. VinaCapital, for example, failed to set up a stock fund worth US$200-300 million for investing in Vietnam’s stock market. Besides, the current stagnation in the U.S. and many European countries causes a big challenge for foreign fund managers to mobilize capital from these markets to make investments in the local stock market which has been down since 2008, experts said. Some foreign investors were reconsidering whether to invest in Vietnam or not, said Andy Ho, VinaCapital’s managing director. Fund … [Read more...] about Foreign investment funds have difficulties mobilizing capital
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
The Prudential Balanced Fund (PRUBF1) initiated by UK fund Prudential Vietnam Fund Management Co (PVFMC) has obtained the securities regulator's nod to list on the local bourse December 4. With the approval, PRUBF1 will be the second fund to list on the Ho Chi Minh City Securities Trading Center after VF1 (Vietnam Investment Fund). The fund plans to list 50 million PRUBF1 units with a face value of VND10,000. … [Read more...] about Second investment fund, PRUBF1 to list on market
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
VietNamNet Bridge - While some foreign investment funds have had their operation extended in Vietnam, domestic funds are less lucky. … [Read more...] about Domestic investment funds retire from the market
Fund management companies are being lifted to a successful year by the recovery of the economy and the stock market, according to a three-day investors conference organised by French firm Jaccar. With its first two days in HCM City and a final day in Hanoi , the first-ever event gathered around 100 foreign investors from around the world for an opportunity to meet with the CEOs and CFOs of 40 listed companies. Represented companies were drawn from such sectors as retail, petroleum, tourism, pharmaceuticals, telecommunications, banking and finance, rubber and industrial park management. … [Read more...] about Market recovery lifts investment funds
Vietnam’s first real estate investment fund IndochinaLand Holdings of the Hong Kong-based Indochina Capital was set up in May 2005 with an initial capital of US$42 million. After more than one year, IndochinaLand Holdings decided to set up the second real estate investment fund in Vietnam with an estimated capital size of US$150-200 million. A promising landAccording to specialists, the landing of foreign financial funds into Vietnam has proven the fertility and potentiality in this country. First of all, its high economic growth of 7-8 per cent a year, only after China, its increasing foreign investment capital inflow, its growing overseas remittance volume, its upcoming WTO entry and its improving legal environment make the Vietnamese market in general and the real estate market in particular attractive to foreign investors. Besides, according to foreign investors, Vietnam has a young population (about 70 per cent of the population aged under 35) and higher and higher per … [Read more...] about Real Estate Investment Fund: Able to Warm up Market?