VNI fund buys 3.8% of Itaco equity

The Viet Nam Infrastructure Limited (VNI) has purchased 3.8 percent of stake of the Tan Tao industrial park joint stock company (ITACO), worth 14.06 million USD.

ITACO, specialising in infrastructure investment and services for industrial zones, is one of the 10 largest companies listed on the Ho Chi Minh Securities Trading Centre.

The has invested in various of parks in the southern key economic region, such as Tan Tao IP in Ho Chi Minh City and Tan Duc IP in Long An province.

Meanwhile, VNI is Viet Nam's first infrastructure investor. It made its debut at the Alternative Investment Market (AIM) on the London Stock Exchange on July 5.

Source: VNA

New Viet Nam fund debuts at LSE

The Viet Nam Infrastructure Investment Fund (VNI) on July 5 made its debut at the Alternative Investment Market (AIM) on the London Stock Exchange (LSE).

The listing marks the first time that a Vietnamese infrastructure fund will see transactions on the AIM and will focus on the areas of energy, transportation, water and telecommunications.

Market experts have predicted that from now until 2020, Viet Nam will require close to 140 billion USD for the development of needed infrastructure projects. The VNI will focus on strategic projects in Ha Noi, Ho Chi Minh City and key economic zones nationwide, including highways, ports, airports, and power plants.

At the AIM, the VNI did earn 402,1 million USD through the issue of 402,1 million one-dollar shares.

Source: VNA