Viet Nam needs to effect changes and reforms to attract more foreign portfolio investment, Andy Ho, chief investment officer of investment fund VinaCapital, has said.
Andy Ho, Managing Director & Chief Investment Officer at VinaCapital Group, shares his views on the recent growth of private equity investments in Viet Nam.
Asset management company VinaCapital on Thursday announced
at its annual investor conference that it expects to set up next month a
domestic fund for foreign investors and raise US$5 million.
A decree issued last month that allows foreign investors to raise their
ownership in Vietnamese companies will help Viet Nam''s securities
market, said Andy Ho, Chief Investment Officer of VinaCapital.
The close-ended VinaCapital Vietnam Opportunity Fund (VOF) has paid
US$15 million towards acquiring convertible preferred stocks of Novaland
Group under a syndicated investment deal worth $47 million.
A delegation from French firm Lacoste made a fact-finding tour of the
Phuoc Ky Nam Joint Stock Company in the central coastal province of
Quang Nam as part of a visit to seek investment opportunities here,
according to the Quang Nam online newspaper.