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.
Vinacapital vietnam opportunity fund
Another 300 million USD to invest in Vietnam Opportunity Fund
VinaCapital Group will increase its capital in the Vietnam Opportunity Fund (VOF) by 300 million USD to invest in large corporations and strong state-owned companies which are going to be privatized, namely the Vietnam Electricity Corporation or the Bank for Foreign Trade of Vietnam (Vietcombank). According to VinaCapital, investors registered 400 million USD for VOF in the 6th capitalization mobilization, a four-fold increase compared to its initial plan. However, depending on the investment plan in the coming time, VOF's board of directors decided to receive more than 300 million USD, raising its total pure assets to nearly 600 million USD. VOF will issue nearly 127 million in normal stocks, worth more than 304 million USD, with a nominal value of 2.38 USD per stock. Investors are expecting to issue the stocks on the European stock market on November 16. General Director of VinaCapital Mr. Don Lam said that investors' special attention to this capitalization demonstrated VOF's right … [Read more...] about Another 300 million USD to invest in Vietnam Opportunity Fund
VinaCapital: Vietnam still has edge over Myanmar
VinaCapital: Vietnam still has edge over Myanmar Thuy Trieu By Thuy Trieu - The Saigon Times Daily HCMC – Myanmar has emerged as a potential market in Southeast Asia but has yet to have a competitive edge over Vietnam in foreign investment attraction in the short term, said Andy Ho, managing director of VinaCapital. Ho said on Thursday at a press briefing on a VinaCapital investors conference in response to the Daily’s question about the interest of foreign investors in Myanmar. VinaCapital will hold a roundtable to discuss investment opportunities in Myanmar for those investors attending the conference. Besides, VinaCapital plans to open an office in Myanmar in the coming time to explore opportunities there. However, in short term, Myanmar is still unable to compete with Vietnam in attracting foreign investment as its legal framework is not yet complete. Investors, when considering doing business in Myanmar, will care about issues like asset ownership and the … [Read more...] about VinaCapital: Vietnam still has edge over Myanmar
VinaCapital launches Vietnam Infrastructure fund
UK-listed fund manager VinaCapital launched Tuesday a Vietnam Infrastructure Limited (VIL) fund which will focus on hydropower plants, roads, ports, airports, and telecommunications in the country. VinaCapital's fourth fund has a corpus of US$402 million mobilized abroad. … [Read more...] about VinaCapital launches Vietnam Infrastructure fund
Vietnam infrastructure fund ventures into granite
The London-listed Vietnam Infrastructure Limited Fund (VIL) signed an agreement Thursday with a company based in Vietnam's southern Binh Duong province to invest in the latter's granite quarry project. Mien Dong Corp's Thuong Tan 6 Quarry is in Binh Duong province's Tan Uyen district and has estimated reserves of 18 million cu.m. (from left) Horst Geicke, President of VinaCapital Group, Don Lam, CEO of VinaCapital, HCMC vice mayor Nguyen Thi Hong and William Lean, General Director of Vietnam Infrastructure Limited Fund at the signing ceremony in Ho Chi Minh city Thursday … [Read more...] about Vietnam infrastructure fund ventures into granite