VinaCapital injects US$50 million into two private firms
17:03, 2016/04/15
Fund manager VinaCapital has injected US$50 million into two private firms in Vietnam in the year to date and will find more enterprises for investment this year.
Andy Ho, chief executive officer and head of the investment department at VinaCapital, told a press conference on VinaCapital Vietnam Opportunity Fund (VOF) and new chances in HCMC last week that VinaCapital will focus on private firms and State-owned businesses that have gone public.
VOF of VinaCapital has invested US$10 million in Thai Hoa Hospital in the southern province of Dong Nai. The private hospital was established in 2008 with 200 beds to serve 300,000 people a year.
According to VinaCapital, the hospital’s capacity may increase significantly this year and next thanks to cooperation programs between State-run and private hospitals as well as lax regulations on health insurance, effective from the third quarter of 2016.
VinaCapital is investing US$40 billion in a big construction material firm in Vietnam. Andy Ho said the fund manager will provide information about this investment after the building material producer completes procedures and the amount is disbursed.
VOF of VinaCapital has invested US$10 million in Thai Hoa Hospital in the southern province of Dong Nai. The private hospital was established in 2008 with 200 beds to serve 300,000 people a year.
According to VinaCapital, the hospital’s capacity may increase significantly this year and next thanks to cooperation programs between State-run and private hospitals as well as lax regulations on health insurance, effective from the third quarter of 2016.
VinaCapital is investing US$40 billion in a big construction material firm in Vietnam. Andy Ho said the fund manager will provide information about this investment after the building material producer completes procedures and the amount is disbursed.
Overall, VOF is looking for opportunities to invest in private, State-run and good listed companies this year, with capital of US$10-40 million each. It eyes leading businesses that want to find shareholders for minority stakes.
VOF has invested in a number of companies like realty developer Novaland, soymilk manufacturer QNS, dairy firm IDP, Eximbank and jewelry company PNJ.
VinaCapital said the equitization of State-owned enterprises has created a slew of opportunities to help VOF adjust its OTC portfolios.
VinaCapital invested in Vietnam’s leading dairy firm Vinamilk and has another investment in Airports Corporation of Vietnam (ACV).
VinaCapital manages three closed-end funds, VOF, VinaLand Limited (VNL) and Vietnam Infrastructure Limited (VNI), which are listed on the London Stock Exchange.
VOF has net assets of over US$700 million and has shifted from the Alternative Investment Market (AIM) to the London exchange on March 30.
Meanwhile, the International Finance Corporation (IFC), the private sector arm of the World Bank, has announced that it is planning to provide US$50 million for Dragon Capital Group (DCG) to invest in corporate bonds.
The money will come as a secured loan for British Virgin Islands-registered DCG, which managed assets totaling US$233 million as of the end of last year, and its Cayman Islands -registered Vietnam Debt Fund SPC (VDeF).
DCG plans to use the loan to buy bonds that are issued by medium and large firms. It will target fast-growing private or joint-stock businesses that are seeking cash for expansion or payment of old debt.
VOF has invested in a number of companies like realty developer Novaland, soymilk manufacturer QNS, dairy firm IDP, Eximbank and jewelry company PNJ.
VinaCapital said the equitization of State-owned enterprises has created a slew of opportunities to help VOF adjust its OTC portfolios.
VinaCapital invested in Vietnam’s leading dairy firm Vinamilk and has another investment in Airports Corporation of Vietnam (ACV).
VinaCapital manages three closed-end funds, VOF, VinaLand Limited (VNL) and Vietnam Infrastructure Limited (VNI), which are listed on the London Stock Exchange.
VOF has net assets of over US$700 million and has shifted from the Alternative Investment Market (AIM) to the London exchange on March 30.
Meanwhile, the International Finance Corporation (IFC), the private sector arm of the World Bank, has announced that it is planning to provide US$50 million for Dragon Capital Group (DCG) to invest in corporate bonds.
The money will come as a secured loan for British Virgin Islands-registered DCG, which managed assets totaling US$233 million as of the end of last year, and its Cayman Islands -registered Vietnam Debt Fund SPC (VDeF).
DCG plans to use the loan to buy bonds that are issued by medium and large firms. It will target fast-growing private or joint-stock businesses that are seeking cash for expansion or payment of old debt.
12:17, 2025/02/25
Vietnam eyes top 3 in investment environment in ASEAN next 2 years: Party Chief
A key objective is to trim off at least 30% of administrative procedures and cut both business costs and unofficial fees.
18:03, 2025/02/22
Vietnam attracts South Korean tech investment at SEMICON Korea 2025
The event provided a platform for Vietnam to showcase its semiconductor potential and reaffirm its commitment to developing high-tech industries and strengthening international cooperation.
16:46, 2025/02/20
Swedish group plans US$1 billion investment in Binh Dinh recycling plant
By creating a large number of jobs and promoting a green economy, the initiative is important in establishing Vietnam as a global hub for the circular textile sector.
10:52, 2025/02/13
Samsung plans to invest in AI, semiconductors in Vietnam
Vietnam will continue improving its investment environment and driving strategic breakthroughs in order to usher in a new era of economic development.
17:20, 2025/02/07
Vietnam's data center construction costs among the lowest in Asia Pacific
The country has a lot of potential to become one of the most important data markets in the region.
21:05, 2025/02/03
Bright prospects for FDI inflows into Vietnam in 2025
Market size, growth potential, low labor costs, and stable political and social conditions continue to be Vietnam’s selling points in attracting foreign investors.
- Foreign companies confirm investment expansion in Vietnam in 2025
- PM invites Skoda to manufacture electric vehicles in Vietnam
- US Berggruen Holdings to help Vietnam set up investment funds
- Vietnam releases Esports White Book 2022-2023
- Aircraft manufacturer Embraer seeks comprehensive aviation partnership with Vietnam
- Better links with FDI firms to support Hanoi businesses