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... 

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... 

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... 

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... 

Homebuyers in VinaCapital’s Azura apartment building project in Danang City can rent their homes through a service just launched by the company. The developer said any customers who have purchased Azura apartments can sign long-term leases in case they do not intend to stay at their new homes immediately. If apartment owners agree to rent with a term of not less than one year and not to stay at... 

Accordingly, VinaCapital from May 15 has held full ownership over VinaProjects and continued to maintain strategic relationship with inProjects Group. Matt Flectcher, general director of inProjects Group, said in a statement that offloading stake in VinaProjects is part of the company’s general strategy, focusing on key services and sectors with rapid growths in Vietnam. Don Lam, general director... 

Fast growing enterprises, especially the ones in FAST 500, the list of the 500 enterprises with fastest growth rates in Vietnam, have big advantages to attract the capital flow from investment funds. On April 10, 2012, in HCM City, 500 Vietnamese fastest growing enterprises were honored at a conference held by Vietnam Report Company and VietNamNet newspaper. This was the second consecutive year the... 

VinaCapital Group on Wednesday announced a change in its ownership that has made Sun Wah Group the second largest shareholder in the group. According to a statement VinaCapital released on Wednesday, a consortium of co-founding shareholders and management, led by VinaCapital CEO Don Lam, Jonathan Choi, chairman of Sun Wah Group, and Katherine Yip, chairwoman of KYG International, had acquired the... 

The gloomy Vietnamese stock market and the global economic crisis are the two large rocks that hinder investment funds to call for capital. However, more and more new funds still appear every day on the market. Management companies still cannot raise funds In August, the Saigon Asset Management Company (SAM) announced it was calling capital for the fund which would inject money in the energy sector. The...