Vietnamplus

Vietnam is expected to attract more investors as its economy is developing at a stable rate, with GDP growth of 7 percent.

The Vietnam Opportunity Fund (VOF), managed by VinaCapital Group, on August 31 announced its 25-million-USD investment in the Tam Tri Medical Group, which owns four private hospitals in Da Nang, Nha Trang city, Ho Chi Minh City and Dong Thap province.

Huge investments have been flowing into the agriculture sector in recent years, making it increasingly competitive.

The closed-end VinaCapital Vietnam Opportunity Fund (VOF) has spent 45 million USD to purchase shares of Binh Son Refining and Petrochemical Company (BSR) and PetroVietnam Power Corporation (PV Power) at their initial public offerings (IPO).

Information and communication technology group FPT Corporation has sold six million shares or 30 percent of its stake in FPT Digital Retail JSC to funds managed by and associated with Dragon Capital and VinaCapital.

VinaCapital Group is partnering with Shinhan BNP Paribas Asset Management (Shinhan) to provide investment products to Shinhan's clients in Korea, enabling them to participate in VN's growing economy.

Foreign investment funds saw an average growth of 11.28 percent in the first half of 2016, according to Hanoi- based DoBF Stock Academy's latest report.

The Vietnamese leading company in wood-working and decorative materials An Cuong Wood Working JSC will receive financial supports worth 30 million USD to branch out its business.

The Hong Kong-Nha Trang International Yacht Race saw fierce competition among sailors during the 1,200 kilometre journey from Hong Kong to Nha Trang city before it drew to a close on October 18.

Vietnam has been integrating robustly into the global economy, with eight free trade agreements it has signed and the Trans Pacific Partnership (TPP) negotiation it concluded recently.

The fifth Hong Kong-Nha Trang International Yacht Race concluded in the central coastal city of Nha Trang on October 20 after four days of fierce competition. 

International investors of four funds under the management of the VinaCapital Group recognise Vietnam 's long-term potential but are concerned about the country's struggle to contain inflation.

Heavy profit-taking helped weigh down shares on the HCM Stock Exchange on July 7, sending the VN-Index to a one-month low of 496.91 points – a decline of 0.78 percent from the previous day's close.