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 funds
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
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?