Foreign investment funds remain upbeat about the Vietnamese market’s potential, Photo: Le Toan In this year’s past quarter, the Vietnamese stock market went through a corrective period, as the main gauge VN-Index tumbled by 20 per cent from its historic peak of 1,170 points in March. External volatilities on trade and foreign currencies threatened to drag the market down further. However, foreign investors, who have seen the value of their portfolio going south, now take refuge in the upbeat business results of leading Vietnamese firms. Tundra Vietnam Fund, the first Scandinavian fund focused solely on Vietnam, noted that they saw earnings growth in key sectors, such as banking, real estate, materials, and construction. The financial sector posted year-on-year growth between 50 and 150 per cent, which excited Tundra Vietnam as Saigon Securities and HDBank are both among its top 10 holdings. Specifically, Saigon Securities posted VND2.1 trillion ($92.92 million) in gross … [Read more...] about Bearish market does not deter investment funds
Investment fund accounting
Investment funds for startups in Vietnam still modest
Investment funds for startups in Vietnam still modest By Van Nam Nguyen Viet Dung, director of the HCMC Department of Science and Technology, speaks at the ninth meeting of the HCMC People’s Council on July 12 – PHOTO: VAN NAM HCMC - Slow reforms of procedures in Vietnam have forced enterprises to move to other countries to start businesses, and investments in startups remain modest compared with those in regional countries. At a Q&A session of the ninth meeting of the HCMC People’s Council on July 12, the director of the HCMC Department of Science and Technology, Nguyen Viet Dung, noted that many startups in the country had moved to Singapore as it facilitated quick business registration procedures. In Vietnam, it takes months to complete the procedures, he added, stressing that certain investments needed quick procedures as investors may make an investment one month and sell it the following month. According to Dung, Vietnam attracted US$202 million … [Read more...] about Investment funds for startups in Vietnam still modest
Alternative investment opportunities in Việt Nam
Viet Nam News by Brian Spence This week, we take a look beyond shares and bonds at some of the more unusual and potentially lucrative alternative investment opportunities. “Alternative” investments is a catch-all term for anything that is not shares, bonds, mainstream property or cash. Beyond these traditional asset classes, Vietnamese investors can invest in everything from stamps and fine wine. Of course, the fact that alternative investment opportunities exist does not mean these investments are safe or advisable. Before you even consider an alternative investment opportunity, you need to understand the risks. When you’ve understood some of the dangers, take a look at some of the alternative investment ideas below. All of them are available to Vietnamese investors, although not all are Việt Nam-based. We’ve put them roughly in order of risk, starting with the “safest” and ending with those you should definitely steer clear of. This is … [Read more...] about Alternative investment opportunities in Việt Nam
Viet Nam start-up investment rises 42%
Source: Topica Founder Institute Up to US$291 million was poured into Vietnamese start-ups last year, a year-on-year increase of 42 per cent, according to a recent report by Topica Founder Institute (TFI). Ninety-two start-ups received investment last year, almost a double from 2016. Domestic investors accounted for 64 deals, while foreign investors made 28. For the first time, local venture capitalists and angels bypassed foreigners in deal count. However, foreign investors still generated higher deal value. The amount domestic investors poured into Vietnamese start-ups in the past year was only $46 million, relatively modest compared with the $245 million from foreign investors. Among investors, 500 Startups led in successful investment deals, with 11 acquisitions, followed by ESP Capital, a new homegrown venture capital firm. With $20 million in establishing funds, ESP Capital is focused on technology start-up companies in their beginning stages (pre-seed and seed funding stages), … [Read more...] about Viet Nam start-up investment rises 42%
New technology to drive investment in ASEAN
Chief Executive Officer of Maybank Kim Eng Group of Malaysia Dato John Chong (Photo: theedgemarkets) Singapore (VNA) – New technology will be among key forces promoting investment flows into the Association of Southeast Asian Nations (ASEAN), Chief Executive Officer of Maybank Kim Eng Group of Malaysia Dato John Chong said at the Invest ASEAN Conference held recently in Singapore. Chong told participants that new and disruptive technology impacts almost every industry, propelling the growth of technology start-ups in ASEAN. Funds for newly-established start-ups hit about 6.5 billion USD in 2017, twice the amount of 3.1 billion USD in the previous year, he said. The general director voiced his belief that the technology environment in ASEAN is still at an early phase of growth despite the disruption in the marketplace. The majority of ASEAN’s technology deals in recent past are still at the seed-stage, and while e-commerce is growing rapidly in ASEAN, the penetration rate … [Read more...] about New technology to drive investment in ASEAN