VinaCapita Fund Management Joint Stock Company (VCFM), one of the most experienced asset management companies in Vietnam, on March 20 announced the establishment of its fourth open-ended fund - the VinCapital Insights Balanced Fund (VIBF).
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.
The Vietnam Opportunity Fund (VOF), managed by VinaCapital Group, invested 11 million USD in the Orient Commercial Bank (OCB), owning nearly 5 percent stake in the bank.
The property developer VinaCapital Group has begun construction of the Ocean Estates on an area of 7.5ha with total investment capital of 650 billion VND (nearly 30 million USD) in Da Nang city.
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.
The local stock market suffered losses amounting to billions of dollars on a single day on January 18, while the State Securities Committee (SSC) asked investors to be cautious about selling shares.
Work started on the construction of a low-income residential project for
workers at Yen Binh I Industrial Park in Pho Yen district, northern
Thai Nguyen province on May 26.
VinaWealth Fund Management Company JSC has launched the VinaWealth
Equity Opportunity Fund (VEOF), under the IPO granted by the Vietnam
State Securities Commission on March 14.
The VinaWealth Fund Management Joint Stock Co. , an affiliate of the
VinaCapital group, launched its open-ended VinaWealth Enhanced Fixed
Income Fund on January 15.
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.
VinaCapital chairman Terry Mahony said: "In the short term, Vietnam
still faces challenges including high inflation and interest rates,
which cause pressure to investment funds."
The Dong Tam Group and the VinaCapital Group co-sponsored a
ground-breaking ceremony for the construction of the Long An complex in
the Mekong Delta province of Long An on Aug. 8.
Ethnic minority girls will receive
seven-year scholarships to complete their high school and undergraduate
university courses under a new scheme announced by its sponsors on March
29.
VinaCapital Group, an asset management and real estate development firm,
announced on March 2 that it had set up a 50/50 joint-venture company with
inProjects Group, which provides real estate services.
VinaProjects - a joint venture between
the VinaCapital Group and the inProjects Group - made its debut in Ho
Chi Minh City on March 2, providing real estate services.
Vietstar Joint Stock Company is
scheduled to officially inaugurated on Dec. 18 a solid waste treatment
facility in HCM City’s Cu Chi District that it says is the first of its
kind in Southeast Asia.
The Ho Chi Minh City Sponsoring Association for Poor Patients plans to establish
an eye bank to facilitate free eye operations for the poor and enlarge the
network of participating hospitals providing free heart surgeries to poor
children in the 2009-14 period, acting chairman Le Thanh Hai has said.
The VinaCapital Group and the Vietnam
Fund of Germany’s Deutsche Bank will invest more than 20 million USD in
the Hoan My Medical Group to develop medical projects under an
agreement announced on Oct. 20.
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