Kohlberg Kravis Roberts, a leading global investment firm, will invest additional $200 million in Vietnam’s Masan Consumer Corporation, a member of Masan Group, to increase its equity stake in this company. The investment will increase Kohlberg Kravis Roberts (KKR)’s total investment in Masan Consumer Corporation to $359 million during the pas two years. “Doubling our investment in less than... 

Some investment fund management companies have been moving ahead with their plan to set up open end funds. However, observers believe that they would not hurry to establish open end funds at any costs, because they understand that a lot of big difficulties are still waiting ahead. Vietstock, a financial website reported that VMFVFA’s extraordinary investors’ meeting on December 5 approved the... 

Vietnam Active Investment Fund (VFA) will be the first closed-end fund in Vietnam to be turned into an open-end one as approved by all the investors, who are holding 93.1% of fund certificates, present at an extraordinary meeting on Wednesday. VFA is run by VietFund Management Co. (VFM). The fund model is changed to increase its liquidity, according to the fund board of representatives. Giving further... 

Vietnamese start-up company Foody has been added to Japan’s CyberAgent Ventures portfolio, to increase its venture investments in Vietnam. CyberAgent Ventures’ Vietnam manager Nguyen Manh Dung said he could not disclose the exact amount of investment capital, but said it was less than $500,000 and would be used primarily to facilitate further growth in the website’s users and contents. Ho Chi... 

While some foreign investment funds have had their operation extended in Vietnam, domestic funds are less lucky. The anticipated death Forty seven investment fund management companies have been licensed, which have been the funds with the minimum capital of 25 billion dong. Many of them have been managing two or more investment funds, while all of them have been incurring heavy losses during their... 

A well-known foreign fund manager asserted on Thursday that foreign investors were not investing in Vietnam’s equity market now and would maintain a wait-and-see attitude until the macro economy stabilized next year as expected. Don Lam, chief executive officer of VinaCapital, said at the foreign fund manager’s annual meeting in HCMC on Thursday that “investors will pour funds into... 

Four key investment funds last week underlined their confidence in Vietnam by voting to continue operations in the country. The October 5 annual general meetings of Dragon Capital-managed investment funds Vietnam Enterprise Investments Limited (VEIL) and Vietnam Growth Fund (VGF) voted against the winding-up of the funds. All resolutions were voted upon in line with the recommendations of the boards,... 

VinaCapital has found a new partner to replace Genting Malaysia Berhad to roll the dice for its $4 billion casino resort project in Quang Nam province. Do Xuan Dien, deputy director of Chu Lai Economic Zone Management Authority said VinaCapital and the new partner will work on the transfer of Genting’s 20 per cent stake in the project. But Dien declined to reveal the name of VinaCapital’s new... 

Foreign capital inflow into Vietnam through investment funds and big securities firms has dipped remarkably while the existing funds here are approaching maturity, piling more pressure on the country’s poor-performing stock market. At the Investors Day 2010, Andy Ho, managing director of VinaCapital, said the group intended to set up two new funds of US$200-300 million each, with one for investment... 

Kinh Do Corporation (KDC) has announced to basically finish divesting its financial investments in the year’s second quarter as part of its strategy of restructuring investments. Kelly Wong, deputy general director for financials, said that the firm’s management board has decided to make divestments in both Nutifood and Tribeco as such investments are no longer suitable to its strategy. Specifically,...