The Bao Viet Fund established the Bao Viet value investment fund (BVIF), worth VND1 trillion ($44.6million), on November 6. — Photo baoviet.com.vn

HA NOI (Biz Hub) — The Bao Viet Fund Management Company, also known as Bao Viet Fund, established the Bao Viet value investment fund (BVIF), worth VND1 trillion ($44.6million), on November 6.

The fund aims to utilise investment opportunities in mergers and acquisitions, in the restructuring of state-owned enterprises (SOEs) and for attracting capital flows coming from the Trans – Pacific Partnership or TPP.

Its strategy involves taking part in the initial public offering of SOEs and their divestment phases, with the aim of becoming the major shareholder in firms to get involved in their management.

Depending on market conditions, the BVIF will also invest in other assets to increase its net asset value.

Speaking at its10th anniversary celebrations on November 6, General Director of Bao Viet Fund said the company would introduce more funds and financial services in the future.

Baoviet Fund, established in 2005, is wholly owned by Bao Viet Holdings and has assets reportedly worth VND28 trillion ($1.25 billion) under its management.

The company provides a wide range of services, such as portfolio management, establishment and management of securities investment funds and securities investment advisory. —VNS