With strong GDP growth, a stable macroeconomic environment, increasing exports, and record levels of foreign direct investment, it is easy to see why Vietnam is considered among the world’s most exciting markets. Half of the population of 95 million is under age 35, and an expanding middle class has created a compelling domestic consumption story that has attracted the attention of companies from around the globe.

VOF gives investors access to a range of carefully selected investments in the listed and private companies that are participating in, benefitting from, and driving the sustainable growth Vietnam is experiencing today.

Latest commentary from our fund manager

December: Another private equity deal to end the year

The last month of 2019 was a challenging one for the VN-Index, which fell 0.9% in USD terms despite other global and regional indices ticking up in December. The fund’s NAV per share fell 0.4% in USD terms in December.

The stock market’s uneven performance over the course of the year further reinforced our near- and medium-term strategy to increase our private equity portfolio. During the very last week of December, we closed our fourth private equity deal of the year, leading a consortium investing USD25 million into one of Vietnam’s largest privately owned hospitality groups which focuses on the fast-growing conventions, exhibitions, banquets and business meetings (MICE) industry. VOF will invest USD20 million and will receive one seat on the board. The proceeds were disbursed before this writing in early January on completion of certain conditions precedent…

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