VinaCapital Likely to List on Local Stock Exchange

The VinaCapital fund management company is considering listing on Vietnam’s stock market, to raise capital for expanding investment, the Vietnam News Agency reported.

 

Vietnam’s financial market is growing, so VinaCapital may list on the local stock market to access capital sources, the media quoted the firm’s managing director Don Lam as saying.

 

VinaCapital will continue to further invest in Vietnam, targeting sectors as food processing, consumer goods, information technology, telecommunications and real estate development, Lam said.

 

After pouring $2 million in a major Vietnamese internet community portal called www.timnhanh.com, the company was investigating other IT projects and has kept its eye on opportunities to acquire stakes in major State-owned enterprises when they are equitized, he said.

 

Energy, cement, telecommunications and aviation enterprises are all slated to undergo equitization.

 

VinaCapital is managing three investment funds in Vietnam. The $560-million Vietnam Opportunity Fund (VOF) invests in real estate, public companies, private equity and the privatization of state-owned enterprises. The $205-million VinaLand Fund focuses on financing real estate projects. The newly-established $50-million DFJ VinaCapital L.P. invests in ICT companies.

 

The investment value of VinaCapital in Vietnam amounts to $800 million. Both VOF and VinaLand are currently listed on the London Stock Exchange.