The annual check up of fund management firms reveals dramatically different performances for 2012. By the end of April 2013, 42 out of 47 fund management companies had released their audited financial statements in 2012. Accordingly, these 42 companies reported more than VND770 billion ($37 million) in total revenue, operating costs of approximately VND670 billion ($32 million) and after-tax profits... 

Only a few of the 50 existing investment fund management companies has been performing well, while others cannot raise funds to manage. The representative of the SSI investment fund management company admitted at the meeting with the State Securities Commission in early 2013 that the fund management companies experienced a very tough year in 2012, when no new fund was raised. A lot of management companies... 

Fund manager Mekong Capital on Wednesday announced that Mekong Enterprise Fund II (MEF II) under its management had sold part of its stake in The Gioi Di Dong Joint-stock Company, a big local mobile phone distributor, to a financial company. Total revenue from the transfer including dividends is 11 times higher than the initial investment by MEF II in 2007. The deal reduced the fund’s stake in... 

Around US$2.34 billion of foreign capital was poured into the local securities market last year, including about US$340 directly channeled into stock trading on the two bourses, according to an official of the State Securities Commission (SSC). The remaining US$2 billion, meanwhile, was pumped into the domestic market via merger and acquisition (M&A) deals between local firms and their foreign... 

A lot of venture investment funds have been set up in Vietnam. However, due to many reasons, the venture funds still cannot make adventurous investments as per their nature. Venture funds, who are they? DFJV, belonging to the joint venture between VinaCapital and the US Draper Fisher Jurvetson proves to be the best-known venture fund in Vietnam because it was one of the first funds established in the... 

DFJ VinaCapital, a subsidiary of VinaCapital, has transferred its entire stake in VON JSC, the owner of job search site Kiemviec.com and HR Vietnam, to U.S.-based manpower solutions provider CareerBuilder. Both sides announced the deal in a press briefing in HCMC on Thursday but they didn’t disclose the specific value of the deal. At the press briefing, Hunter Arnold, president of CareerBuilder... 

Securities experts have predicted that foreign capital will keep flowing into the local stock market after the Lunar New Year holiday as foreign investors have become very active since the end of last year. Trinh Hoai Giang, deputy general director of HCMC Securities Corp. (HSC) that holds the biggest foreign brokerage market share in Vietnam, said foreign capital will flow strongly into the market... 

The State Securities Commission (SSC) is studying plans to launch more investment funds such as voluntary pension funds, ETFs (exchange traded funds), securities investment funds and property investment funds to diversify products on the market and meet demands of investors. Nguyen Thanh Long, head of the Fund Management Department under SSC, said that some funds in recent times haven’t operated... 

VinaWealth Fund Management JSC (VinaWealth) has introduced Bao Thinh VinaWealth Enhanced Fixed Income Fund (VFF) under its management as an opened-ended bond investment fund. VinaWealth is backed up by VinaCapital group as a majority stakeholder of 49%. At the road show on the fund’s operation in HCMC on Tuesday, Dang Vi Thanh, head of Retail Sales of VinaWealth, said 80% of the fund’s portfolio... 

Foreign investors made strong investments into Vietnam’s e-commerce industry in 2012, noted Nguyen Thanh Hung, vice chairman of the Vietnam E-commerce Association. The industry in 2012 recorded the prominent capital contribution of foreign investors in local trading websites such as Wada.vn, Vn.Hao123.com (Baidu) or Tencent (Wechat), Hung said. Investors came from many nations including Japan, Russia,...