VinaCapital Vietnam Opportunity Fund Ltd (“the Company” or “VOF”) is a closed-end fund trading on the London Stock Exchange’s Main Market.

Launched in 2003, VOF is one of the largest Vietnam funds with over USD 1 billion in assets. VOF provides investors with access to the Vietnamese market across a range of industry sectors and asset classes, including but not limited to listed and unlisted equity*, private equity, operating assets and real estate projects. Investments are selected to target growth on the basis of the best risk-adjusted rates of return.

VOF’s objective is to achieve medium to long-term returns through investment in assets either in Vietnam or in companies with a substantial majority of their assets, operations, revenues or income in, or derived from, Vietnam.

Domicile

The Company was previously a limited liability company incorporated in the Cayman Islands. The Company’s domicile was changed to Guernsey on 22 March 2016. The Company is classified as a registered closed-ended Collective Investment Scheme under the Protection of Investors (Bailiwick of Guernsey) Law 1987 and is subject to The Companies (Guernsey) Law, 2008.

Life of the Company

The Company does not have a fixed life but the Board has determined that it is desirable that Shareholders should have the opportunity to review the future of the Company at appropriate intervals. Accordingly, the Board intends that a special resolution will be proposed every fifth year that the Company ceases to continue. If the resolution is not passed, the Company will continue to operate as currently constituted. If the resolution is passed, the Directors will be required to formulate proposals to be put to Shareholders to reorganise, unitise or reconstruct the Company or for the Company to be wound up. The Board tabled such resolutions in 2008 and 2013 and on both occasions the resolution was not passed allowing the Company to continue as currently constituted. The next shareholder vote on the continuation of the Company is planned to be held in December 2018.

* Unlisted securities include companies that have not yet commenced publicly trading on any of Vietnam’s major bourses. These may be state-owned enterprises which are going through the process of privatisation (known as “equitisation” in Vietnam) and companies that are traded on the Unlisted Public Company Market (“UPCoM”) of the Hanoi Stock Exchange as well as stocks traded over-the-counter (“OTC”).

Founded in 2003, VinaCapital is one of Vietnam’s leading investment management and real estate investment firms with USD1.8 billion in assets under management across a range of asset classes, including public and private equity, real estate, venture capital, and fixed income. The company manages two closed-ended funds which trade on the London Stock Exchange, including VOF, which trades on the Main Market, and VinaLand Limited which trades on the AIM. Further, VinaCapital manages the Forum One – VCG Partners Vietnam Fund, a leading Vietnam-focused, open-ended UCITS-compliant fund, and the Vietnam Equity Special Access Fund, as well as numerous segregated accounts.

VinaCapital is a partner with Draper Fisher Jurvetson in DFJV, a venture capital fund, and with Warburg Pincus in Lodgis Hospitality Holdings, a hospitality development platform. VinaCapital has offices in Ho Chi Minh City, Hanoi, Danang, and Singapore. The company has approximately 125 employees, and is the largest single employer of CFA Charterholders in Vietnam.

Independent Auditors
PricewaterhouseCoopers CI LLP

Custodian
Standard Chartered Bank (Vietnam) Limited

Administrator and Corporate Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited

Registrar
Computershare Investor Services (Guernsey) Limited

Corporate Broker
Numis Securities Limited

Fund Manager
VinaCapital Investment Management Limited (“VCIM”)

UK Marketing Partner
Frostrow Capital LLP