The Hanoitimes - The Invest ASEAN 2015 conference with the theme “Vietnam: The next global factory”, held in HCM City on May 25, attracted the participation of 100 representatives of investment funds with a total value of assets worth 5,000 billion USD. Speaking at the conference, CEO of Maybank Kim Eng Group John Chong said that Vietnam has numerous opportunities for economic development due to its stable economy and ongoing reforms in key sectors. Chong and other foreign investors participating in the conference were optimistic about Vietnam ’s economy, which is expected to increase by more than 6% this year. The founding of the ASEAN Economic Community (AEC) at the end of this year would create a common market of ASEAN countries in which Vietnam ’s position as the region’s manufacturing hub will be further strengthened, CEO John Chong added. Processing and manufacturing industry have attracted the largest investment in Vietnam The conference … [Read more...] about Over 100 international investment funds seek opportunities in Vietnam
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Marc Faber to lead forum on investing in Vietnam
Swiss investor and publisher Marc Faber will be the key speaker at a forum next month on investment opportunities in Vietnam. Faber will lead the Vietnam Investment Forum 2014 on June 19 in Ho Chi Minh City to discuss the rise of emerging markets and the opportunities for Vietnam, Thoi bao Kinh te reported. He will speak on investment opportunities in Vietnam’s stock market, which he has spent the last year hyping internationally for the past year. As chairman of Indochina Capital Faber has managed property investment funds with a committed US$500 million in Vietnam. He's also served as chairman of Vietnam Growth Fund Ltd. Worth $309 million, and remains a shareholder of Hong Kong-based Asia Frontier Capital which has investments in Vietnam. The publisher of the monthly Gloom Boom & Doom Report and author of Amazon’s bestseller Tomorrow’s Gold: Asia’s Age of Discovery will also offer his forecasts on a possible burst of the global financial balloon, which … [Read more...] about Marc Faber to lead forum on investing in Vietnam
IPOs of SOEs may have little to offer for foreign investment funds
VietNamNet Bridge – Foreign investment funds have put high hopes on the initial public offerings (IPOs) of SOEs slated for upcoming months. However, the IPOs may have little to offer them. The VN Index surged by 14.6 percent in the first half of the year, and ranked ninth among the 74 stock indexes watched by Bespoke Investment Group. Reports all showed that the NAV (net asset value) of foreign investment funds gained strong growth in 2013. The UK-based LCF Rothschild, a financial institution that keeps watch over the operation of over 100 investment funds around the globe, showed that the average NAV growth rate of 16 foreign funds investing in securities was 28.1 percent in 2013, higher than the VN Index increase of 20.5 percent. Also according to LCF Rothschild, the DD/P (Diluted Discount/Premium) ratio of the securities investment funds had been -18.6 percent by July 7, 2014, while the figure had been -25.9 percent for five real estate investment funds. The Vietnam … [Read more...] about IPOs of SOEs may have little to offer for foreign investment funds
Market makes room for small investment funds to take great strides
VietNamNet Bridge – The first half of May has proven to be a golden age for medium- and small-scale foreign investment funds, which have just joined the Vietnamese market. The share price of FPT, Vietnam’s largest technology group, was VND51,000 on May 7, but had tumbled to VND41,000 by May 13. The blue-chip’s price has dropped by 20 percent, to a level very attractive to investors. However, big foreign investment funds, which favor spending their money on blue chips, could not buy FPT shares, because the foreign ownership ratio in the company had hit its legal ceiling. And other foreign investors were not inclined to sell their FPT holdings. ITA of the Tan Tao Industrial Zone Development Corporation is quite a different case. This is really an “open” share. About 7 million shares of ITA were traded in each trading sessions in the last 10 sessions. The foreign ownership ratio in the company was reportedly at 16 percent as of May 16, which means that … [Read more...] about Market makes room for small investment funds to take great strides
Assets of foreign investment funds decline on VN Index drop
VietNamNet Bridge – Many foreign investment funds have seen their assets fall considerably since September 2014, following the stock index plunge after the drop in global oil prices and a new government regulation that tightens lending for securities investments. According to a report by UK-based Edmond de Rothschild Securities Company, the assets of all investment funds have dropped sharply. The net asset value (NAV) of VOF LN, managed by VinaCapital, the largest of those surveyed, fell from $802 million to $732 million by the end of November. Vietnam Enterprise Invts Ltd also saw its assets decrease from $561 million to $522 million by mid-December. Market Vectors Vietnam ETF, which had $425 million by September, saw total assets drop to $356 million by December 29. Meanwhile, the assets of Blackhorse Enhanced Vietnam Inc dropped from $17 million in September to $3 million in November. Analysts, when comparing the investment funds’ assets in early 2014 and September of … [Read more...] about Assets of foreign investment funds decline on VN Index drop