Investment funds reported their growth rates had been outpaced by the banking system’s one-year saving rate, which is around 6.6 per cent, data on cafef.vn showed.— Photo cafef.vn Most investment funds in Viet Nam’s equity market have recorded modest gains and were beaten by the growth of the benchmark VN-Index in the past three quarters. At the end of September, the benchmark VN-Index on the HCM Stock Exchange gained total 3.34 per cent from its 2017 end of 984.24 points. The large-cap VN30 Index, which represents the group of large-cap stocks with the greatest impact on the movement of the market, was up nearly 2 per cent during the nine months. Investment funds reported their growth rates had been outpaced by the banking system’s one-year saving rate, which is around 6.6 per cent, data on cafef.vn showed. Among foreign-owned investment funds that out-performed the VN-Index in the first nine months, the best-performing was the Sweden-based Tundra Vietnam Fund … [Read more...] about Investment funds make modest gains
Investment fund pitch deck
Investment funds’ money funnelled to technology firms
VietNamNet Bridge - More large-scale investment funds are being set up, and the value of investment deals is increasing, especially in technology startups. Announcing the establishment of VinaCapital Ventures with $100 million in early September, Don Lam, CEO of VinaCapital, said that VinaCapital will continue investments in technology startups, which it began doing 10 years ago with DFJ VinaCapital. In Vietnam, real estate and manufacturing have received the most attention from the public and investors. However, some investors have realized that technology firms have the greatest potential for development. Not only VinaCapital Ventures, but many other funds have also announced they will pour money into technology firms. Sendo, an e-commerce platform owned by FPT, has called for $51 million from eight strategic investors presided by SBI Holdings.Funds diversify investment fields RELATED NEWS Startups need venture capital Venture funds do small amount of business … [Read more...] about Investment funds’ money funnelled to technology firms
Bearish market does not deter investment funds
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 VinaCapital reconciles to leading egg firm breakup demand
“VinaCapital has decided to stop investing in Ba Huan JSC and is negotiating with the firm in closing the deal on the basis of the law and mutual interest,” it said in a statement. VinaCapital’s flagship fund Vietnam Opportunity Fund (VOF), in February, invested $32.5 million in the country's leading egg firm Ba Huanfor an undisclosed minority stake. The firm holds over 30 percent of the pasteurized egg market in Vietnam. The latest move follows Ba Huan’s letter to Prime Minister Nguyen Xuan Phuc Monday seeking to end the deal it made with VinaCapital, one of the largest investment funds in Vietnam. It accused the fund of trying to take over its brand and management. Pham Thi Huan, CEO of Ba Huan JSC, told VnExpress that one of the reasons for this request is the disparity between the English and Vietnamese versions of the deal. VinaCapital had “added by itself” an internal rate of return of 22 percent a year to the … [Read more...] about Investment fund VinaCapital reconciles to leading egg firm breakup demand
Investment fund VinaCapital reconciles to Ba Huan breakup demand
“VinaCapital has decided to stop investing in Ba Huan Jsc and is negotiating with the firm in closing the deal on the basis of the law and mutual interest,” it said in a statement. VinaCapital’s flagship fund Vietnam Opportunity Fund (VOF) invested $32.5 million in Ba Huan in February for an undisclosed minority stake. The latest move follows Ba Huan’s letter to Prime Minister Nguyen Xuan Phuc Monday seeking to end the deal it made with VinaCapital. It accused the fund of trying to take over its brand and management. Pham Thi Huan, CEO of Ba Huan Jsc, told VnExpres that one of the reasons for this request is the disparity between the English and Vietnamese versions of the deal. VinaCapital had “added by itself” an internal rate of return of 22 percent a year to the Vietnamese memorandum, three times bank interest rates on deposits, without the approval of Ba Huan Jsc, she said. VinaCapital also set a condition that Ba Huan will have to … [Read more...] about Investment fund VinaCapital reconciles to Ba Huan breakup demand