|
Fund holds investor conference
Leading Vietnamese-based asset management investment banking and real estate investment firm VinaCapital yesterday held its 2009 investor conference in Ha Noi.
At its annual conference, VinaCapital invited foreign investors to Viet Nam to review recent economic and investment performance, discuss the outlook for the market and VinaCapital’s fund predictions in the coming years.
VinaCapital’s fourth investor conference comprised one day of the presentations and panel discussions, followed by a half day of private one-on-one meetings with investors.
"It has been very busy for us as we continue to source and execute deals for our existing funds, while preparing for the launch of new limited partnership funds over the coming 12-18 months," said Don Lam, VinaCapital CEO.
"Despite market conditions, we have been able to successfully dispose of a number of private equity and real estate investments at meaningful profits."
He also expected investment to increase sharply in real estate projects on building apartments for medium-income people and retail shops, healthcare services, financial services, energy sector and consumer goods in the next 12-18 months.
During the period, investment in luxury apartment buildings and hotels projects would reduce because banks - the major providers of loans for property projects - would curb lending, he said. Demand for luxury apartments and hotels also declined in comparison with the medium-income real estate market.
"Retail shops also have a great future potential because currently only 6 per cent of Viet Nam’s population shop at supermarkets, while 80 per cent in the US, 70 per cent in Europe and 12 per cent in China does," he said.
"We believe that in the next two years, we will see renewed interest in Viet Nam among foreign institutional investors around the globe and our firm are ideally positioned in the Vietnamese market," said Lam.
"VinaCapital strives for an open and ongoing dialogue with our investors. One of our key messages this year is that the share prices of our funds are not an accurate reflection of the investment environment in Viet Nam. The conservative nature of our valuation policy has been repeatedly borne out by the prices achieved for assets sold in recent months."
VinaCapital was established in 2003, and grew from a single US$10 million fund to a diversified investment firm with a total of $1.7 billion in assets as of September 2009.
It manages three closed-end funds trading on the Alternative Investment Market (AIM), a sub-market of the London Stock Exchange, including VinaCapital Viet Nam Opportunity Fund (VOF) - a diversified investment fund, VinaLand Limited (VNL) - a real estate fund and Viet Nam Infrastructure Limited (VNI) - the first fund to invest solely in Viet Nam’s infrastructure sector.
vietnamnews
|
