VinaCapital said it will establish a fund specialising in infrastructure development investment in May.
Don Lam, Managing Partner of the VinaCapital Group, said on Mar. 14 that the new 200mio US$ fund will invest in bridges, roads and ports in the form of stake purchases, loan provisions or build-operate-transfers.
E stablished in 2003, VinaCapital manages the 790mio US$ Viet Nam Opportunity Fund (VOF), which was Viet Nam ’s best-performing fund in 2004, the 205mio US$ VinaLand Fund (VNL) and the DFJ VinaCapital L.P. VOF and VinaLand are currently listed on the London Stock Exchange.
According to Peter Dinning, Managing Director of the VinaCapital Group, VinaLand has invested in 30 projects in Ho Chi Minh City, Ha Noi, Nha Trang and Da Nang. It plans to infuse 350-400 million USD into projects this year.
In 2006, VinaCapital provided 1.5mio US$ as charitable funding for the construction of a hospital for poor women in Da Nang and the organisation of a trade promotion forum in Ha Noi, as well as for disabled children and typhoon victims. It will establish a charitable fund, with a total investment of 2mio US$, this year.
Source: VNA
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