Experts have said they anticipate the wave of foreign investment funds withdrawing from Vietnam by 2012-2013, when a series of funds fall due and the stock market still cannot warm up. Dominic Scriven, General Director of Dragon Capital, an investment fund management company, warned at the workshop on the stock market late last week that Vietnam may witness the capital withdrawal of foreign investment... 

Dragon Financial Holdings Limited, an arm of Dragon Capital investment fund, has announced to sell all the shares of the Ho Chi Minh City-based Sacombank it is holding. The company, a foreign strategic shareholder in Sacombank – coded STB on Ho Chi Minh Stock Exchange (HoSE), said 61 million STB shares, representing more than 6.66 percent of the bank’s stakes, will be transferred under negotiated... 

Though Vietnamese securities are very cheap, they are not attractive in the eyes of foreign investors, because the investors fear the high inflation rate will make their assets decrease. Earlier this year, when making the business plan, a foreign fund management company estimated that the inflation rate in Vietnam would be 12 percent in 2011. In early March 2011, the company raised the expected inflation... 

While all trade moves by foreign securities investors have been regularly updated, the transactions of domestic investment funds have just been reported sporadically. The 5 groups of fund management companies Most fund management companies were established from 2006 to 2008, when Vietnam had a boom in its stock market. However, the majority of the companies are small and only five of them have billions... 

Vietnam’s foreign exchange reserves were “more than US$10 billion” at the end of last year, a senior minister said, a remark that may increase concerns about the dwindling level of reserves. Planning and Investment Minister Vo Hong Phuc’s comment was reported on Wednesday in the state-run Vietnam Economic Times. Phuc provided no details, and it was unclear how much above... 

Despite a perception by many in the market that Vietnam’s private equity focused investment funds have difficulties achieving exits from their investments, a survey conducted by Grant Thornton Vietnam shows that over 150 private equity exits have been achieved in the country since 2003. But, with the tightening of capital markets following the global financial crisis it is through exits that... 

HCMC – Grant Thornton Vietnam on Tuesday said fund managers had achieved more than 150 full or partial private equity exits in Vietnam in the 2003-2010 period, and projected a large number of investment exits in the next two years. The foreign-invested accounting and consulting firm said the over 150 successful private equity exits had combined value of more than US$1.14 billion as showed in its... 

US newswire investmentu.com is recommending investors to consider buying Vietnamese securities since “Vietnamese stocks should pay out nicely… for those with a little patience”. While the newswire stock expert Karim Rahemtulla last month included Vietnam to the list of several highlighted countries likely to spearhead the next emerging market wave, another expert of the newswire, Tony D’Altorio,... 

Dragon Capital is planning to raise about $100-$150 million for a new fund, the newswire NDHMoney quoted a senior portfolio expert of the fund as saying at a conference in Ho Chi Minh City. The new fund will be in form of close-ended one, focusing on private investments like consumption and education since Dragon Capital sees the high growth potential in this sector, said Nguyen Phuong Mai on the sidelines... 

HA NOI — Total foreign investment in the nation’s stock market has fallen to US$7 billion in 2009 from a peak of $11-12 billion in 2007, but current rates of investment represent a significant recovery from the 2008 economic crisis, State Securities Commission chairman Vu Bang told Viet Nam News. A new State Bank of Viet Nam report on foreign indirect investment showed that an estimated $1.8...