VinaCapital is a leading asset management, investment banking, and real estate consulting firm in Vietnam. It has over $1.8 billion in assets under management across four funds: VinaCapital Vietnam Opportunity Fund, VinaLand Limited, Vietnam Infrastructure Limited, and DFJ VinaCapital LP. VinaCapital strives to identify key trends and opportunities in Vietnam as the country continues to develop, with the goal of producing superior returns for investors.
Doing business in Egypt has so many advantages. Especially nowadays…
Now we can say that this is best time to invest in Egypt.
Here are the main 7 reasons.
Sovereign wealth funds are among the most important players in global financial market, because of their increasing size and number. Both the global financial crisis and oil price crisis have confirmed this prominent status due to the resilience of
sovereign wealth funds against these crises. Nevertheless, sovereign wealth funds recently caught the attention of many experts because of the shifting of their features from riskless assets and debts instrument to more risk-return profile assets.
A commitment to active risk management and a global pursuit of index-linked returns across the asset spectrum underpins an investment philosophy that is the hallmark of the Index Strategy Advisors advantage.
Doing business in Egypt has so many advantages. Especially nowadays…
Now we can say that this is best time to invest in Egypt.
Here are the main 7 reasons.
Sovereign wealth funds are among the most important players in global financial market, because of their increasing size and number. Both the global financial crisis and oil price crisis have confirmed this prominent status due to the resilience of
sovereign wealth funds against these crises. Nevertheless, sovereign wealth funds recently caught the attention of many experts because of the shifting of their features from riskless assets and debts instrument to more risk-return profile assets.
A commitment to active risk management and a global pursuit of index-linked returns across the asset spectrum underpins an investment philosophy that is the hallmark of the Index Strategy Advisors advantage.
On January 20, 2015, the London Stock Exchange Group and Capital 33, in association with our partners, held a seminar discussing the benefits of listing on AIM, London's alternative investment market, for growth-oriented American companies.
The presentations include an overview of AIM, including why companies should consider a listing, the benefits of listing on AIM, a profile of AIM-listed companies, the steps to consider when preparing for an AIM IPO, a review of the legal issues involved, the role of accountants in an AIM IPO, and much more.
For more information, please visit www.Capital33.com
On the 11th of April 2016, FinTech innovators and leaders from across the world were brought together for the annual Innovate Finance Global Summit. Attended by over 1400 delegates, the summit looked at the growth of the FinTech sector, opportunities, challenges and acted as a celebratory point for the last year in FinTech. Attendees gathered on the day included global FinTech hubs, financial institutions, regulatory bodies, international press, industry organisations and the most exciting FinTech startup companies.
Objective Capital's West Africa Investment Conference 2012
Moevenpick Ambassador Hotel in Accra, Ghana
7-9 May 2012
Speaker: Adu Anane Antwi, Securities & Exchange Commision, Ghana
Objective Capital's West Africa Investment Conference 2012
Moevenpick Ambassador Hotel in Accra, Ghana
7-9 May 2012
Speaker: Vanessa Adams, USAID West Africa Trade Hub
The presentation deals with the Export Credit Guarantee Corporation of India, Includes..
1.Introduction
2.Evolution
3. Roles
4. Functions
5. Present scenario
6. Last 3 years Financial Performance
7. Major Services Offered
8. Strength, Weakness, Opportunities, Threat(SWOT) Analysis
9. Conclusion
On January 20, 2015, the London Stock Exchange Group and Capital 33, in association with our partners, held a seminar discussing the benefits of listing on AIM, London's alternative investment market, for growth-oriented American companies.
The presentations include an overview of AIM, including why companies should consider a listing, the benefits of listing on AIM, a profile of AIM-listed companies, the steps to consider when preparing for an AIM IPO, a review of the legal issues involved, the role of accountants in an AIM IPO, and much more.
For more information, please visit www.Capital33.com
On the 11th of April 2016, FinTech innovators and leaders from across the world were brought together for the annual Innovate Finance Global Summit. Attended by over 1400 delegates, the summit looked at the growth of the FinTech sector, opportunities, challenges and acted as a celebratory point for the last year in FinTech. Attendees gathered on the day included global FinTech hubs, financial institutions, regulatory bodies, international press, industry organisations and the most exciting FinTech startup companies.
Objective Capital's West Africa Investment Conference 2012
Moevenpick Ambassador Hotel in Accra, Ghana
7-9 May 2012
Speaker: Adu Anane Antwi, Securities & Exchange Commision, Ghana
Objective Capital's West Africa Investment Conference 2012
Moevenpick Ambassador Hotel in Accra, Ghana
7-9 May 2012
Speaker: Vanessa Adams, USAID West Africa Trade Hub
The presentation deals with the Export Credit Guarantee Corporation of India, Includes..
1.Introduction
2.Evolution
3. Roles
4. Functions
5. Present scenario
6. Last 3 years Financial Performance
7. Major Services Offered
8. Strength, Weakness, Opportunities, Threat(SWOT) Analysis
9. Conclusion
This SlideShare provides a brief overview of what are Sovereign Wealth Funds, classifications, and top SWFs globally. In recent years SWFs have shown interest in VC-backed deals, with a growing trend in technology and life sciences. SWFs can be a force for positive change: the amount of money in an SWF is usually substantial, allowing them to contribute towards a country’s long-term growth by means of long-term investments in life sciences innovations.
Báo cáo công việc Danapha cho các site: http://trisoithan.vn, http://trisoimat.vn, http://baithach.vn, http://baithachdanapha.com, http://tansoithan.vn
Có những thương hiệu Việt dù không quá lâu đời nhưng đã khá quen thuộc và gắn bó với người tiêu dùng trong nước, thậm chí là niềm tự hào của Việt Nam một thời, giờ đây đang có nguy cơ “biến mất”
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
5. Taking Vietnam to the world
At VinaCapital, we are inspired by the energy, creativity and entrepreneurial spirit of the
people of Vietnam. That’s why we have invested over USD1.8 billion across this dynamic
emerging market, in businesses and products that will reach new heights as Vietnam embraces
the global arena.
7. VinaCapital Company Profile ° 5
Why Vietnam?
Vietnam is undergoing exciting change and unprecedented
development. An average annual growth rate of over 7 percent for
the past decade reflects an economy bursting with opportunities.
Vietnam’s growth is based on a young, literate and entrepreneurial
population; a wealth of natural resources; and a strategic location in
the centre of Asia.
An important part of Vietnam’s development is the complete
transformation of its urban and industrial landscape. As incomes
increase, Vietnam’s growing middle class is demanding new, well
planned residential areas, and modern retail space and leisure facilities.
City hotels and seaside resorts are also seeing strong demand from both
domestic and international business travelers and tourists.
9. VinaCapital Company Profile ° 7
Why VinaCapital?
VinaCapital strives to provide the highest quality investment products,
strategic financing, real estate development, and corporate finance
advisory services across all major industries in Vietnam.
Our mission is to produce superior returns for investors by using our
experience and knowledge to identify the key trends and opportunities
that emerge as Vietnam continues to develop its economy.
VinaCapital is a commercial ambassador for Vietnam, promoting trade
and investment in Vietnam with partners around the world. We work
to ensure existing and potential investors are aware of and understand
accurately the nature of Vietnam’s investment opportunities.
VinaCapital is a catalyst supporting Vietnam’s economic development.
We help introduce new ideas, approaches, products and technologies
into Vietnam, while providing the leadership and management support
necessary to ensure international standards are successfully merged
with the dynamism and entrepreneurial spirit that are the hallmark of
Vietnam’s business culture.
11. VinaCapital Company Profile ° 9
About VinaCapital
VinaCapital is the leading asset management, investment banking
and real estate consulting firm in Vietnam. The Group has unrivalled
experience in the Vietnamese market, with a team of managing
directors who bring over 60 years of combined local experience to the
firm. VinaCapital Group was founded in 2003 and has grown from a
single USD10 million fund to a diversified investment firm with over
USD1.8 billion in assets under management.
VinaCapital provides the highest quality investment products, strategic
financing, real estate development, and corporate finance advisory
services across all major industries in Vietnam.
The Group is composed of: VinaCapital Investment Management
Limited, VinaCapital Corporate Finance Limited, VinaCapital Real Estate
Limited, Vina Project JV and a controlling stake in VinaSecurities JSC.
13. VinaCapital Company Profile ° 11
Our Funds
VinaCapital Investment Management (VCIM) manages three closed-
end funds trading on the AIM market of the London Stock Exchange.
These funds at a combined NAV of USD1.8 billion as of June 2010 make
VinaCapital the largest asset manager in Vietnam. The funds are:
° VinaCapital Opportunity Fund (VOF), a USD796 million fund that has
consistently been among the best performing Vietnam funds.
° VinaLand Limited (VNL), a USD720 million real estate fund that is
the largest Vietnam-dedicated fund and the best performing fund in
2008, according to LCF Rothschild.
° Vietnam Infrastructure Limited (VNI), a USD258 million fund that was
the first fund to invest in Vietnam’s developing infrastructure sector.
VCIM also co-manages the USD32 million DFJ VinaCapital technology
venture capital fund with Draper Fisher Jurvetson.
14. 12 ° VinaCapital Company Profile
VinaCapital Vietnam Opportunity Fund Limited
VOF gives you total exposure to Vietnam’s growth story
The top capital markets and private equity investment team in Vietnam, with over
USD1 billion in completed investment transactions.
Listed equity
Vietnam’s listed equities markets continues to grow rapidly, with over 450 companies
listed on the Ho Chi Minh City Stock Exchange (HoSE) and a market capitalisation of
over USD30 billion in June 2010. Vietnam’s capital markets feature the ongoing
equitisation of major state-owned enterprises, in sectors like banking, insurance,
telecommunication and transportation.
OTC equity
Vietnam has thousands of companies whose shares trade over-the-counter,
including the shares of several major equitised state-owned enterprises. Typically
these shares trade at a discount of 20-30 percent versus listed market companies,
creating strong investment potential. The government has implemented measures to
regulate the OTC market operation and better protect investors, such as organising
all OTC transactions via securities companies and implementing periodic disclosure
requirements for OTC companies that have more than 100 investors.
Private equity
Vietnam has over 300,000 small and medium-sized enterprises, an increasing number
of which are ripe for investments of USD5-10 million or more. SMEs are increasingly
aware of and understand private equity structures, and minority protections can be
negotiated. Investors able to strengthen SME management and governance can see
private equity deals achieve sizeable returns.
15. VinaCapital Company Profile ° 13
Fund Details
Term of fund Vote every 5 years to wind up fund
Maximum investment 20% of NAV in any one project
Geographic focus Vietnam (minimum 70%) and surrounding countries
Fund structure Cayman company trading on London Stock Exchange (AIM)
Auditor Grant Thornton (Cayman Islands)
Custodian HSBC
Lawyers Lawrence Graham (UK)
Broker LCF Rothschild
Manager VinaCapital Investment Management Ltd (VCIM)
Management fee 2% of NAV
Incentive fee of 20% of total increase of the NAV over a hurdle rate of 8% annual
returns with high watermark and catch up.
16. 14 ° VinaCapital Company Profile
HOAN MY HOSPITAL IN DALAT
HUNG VUONG PLAZA METROPOLE HOTEL HANOI PHU NHUAN JEWELRY
17. VinaCapital Company Profile ° 15
The top capital markets and private equity investment team in Vietnam, with over USD1 billion
in completed investment transactions.
VINAMILK KINH DO
Vietnam’s top dairy producer Top confectionery brand with
accounts for 75 percent of the national and international
domestic market. distribution.
HUNG VUONG PLAZA MAI LINH
The top retail and residential Taxi and vehicle rental
mixed-use facility in Ho Chi company is one of Vietnam’s
Minh City, opened in 2007. most recognisable brands.
HOTEL METROPOLE HANOI EXIMBANK
SOFITEL LEGEND One of Vietnam’s top joint stock
Historic five-star landmark banks is set to benefit from
hotel in central Hanoi. rapid financial services growth.
PHU NHUAN JEWELRY HOAN MY
A leading jeweler with a strong Private hospitality group
retail network of 85 shops and addressing Vietnam’s fast rising
3,000 distributors, and a range health care demand
of brands serving the youth to
high-end markets.
REE TECH Quoc Cuong Gia Lai
Diversified industrial group A real estate developer
with retail presence in established in 1994.
appliances.
18. 16 ° VinaCapital Company Profile
VinaLand Limited
VinaCapital has Vietnam’s real estate market covered
Residential
Vietnam’s residential market is developing rapidly as the fast-growing middle class
looks for modern accommodation and living environments. Vietnam needs 10 million
square metres of new living space each year, and VinaCapital is helping to meet this
demand by focusing on high quality residential projects targeting the mid-range
market, while also developing several luxury resort villa projects.
Hospitality
Vietnam is expected to be one of the world’s top ten global tourist destinations in
the next ten years, which will require substantial investment in hotels and resorts.
VinaCapital is one of Vietnam’s largest hotel investors, with a dedicated hospitality team
that has an impressive track record of leading management and business turn-arounds
at the country’s top hotels. VinaCapital’s hospitality portfolio includes both hotel
projects and operating assets in city centre and resort destinations, with world-famous
operating brands such as JW Marriott, Sheraton, Movenpick, and Accor’s Mercure.
Retail
Vietnam is one of the world’s best markets for retail development, as a result of the
low supply of modern shopping facilities combined with a market opening to foreign
competition under WTO agreements. VinaCapital is now developing several retail
centres in top city-centre locations as part of larger mixed-use facilities in Hanoi,
Danang and Ho Chi Minh City.
New ventures
VinaLiving is a lifestyle brand for the sale of all VNL residential property
developments. This is the first such brand in Vietnam and aims to build VinaCapital’s
reputation in the market as a company delivering high-quality, tailored living
environments that offer peace-of-mind to customers across Vietnam.
VinaProjects is a newly-formed joint venture between VinaCapital and InProjects, a
real estate project management and construction management firm based in Hong
Kong. VinaProjects will have divisions encompassing project management, urban
planning and property management, and will ensure the highest level of project
delivery for VNL.
19. VinaCapital Company Profile ° 17
Fund Details
Term of fund Vote every 7 years to wind up fund
Maximum investment 20% of NAV in any one project
Geographic focus Vietnam (minimum 70%) and surrounding countries
Fund structure Cayman company trading on London Stock Exchange (AIM)
Auditor Grant Thornton (Cayman Islands)
Custodian HSBC
Lawyers Lawrence Graham (UK)
Broker LCF Rothschild
Manager VinaCapital Investment Management Ltd
Management fee 2% of NAV
Incentive fee of 20% of increase in annual NAV over a hurdle rate of 8% with a
high watermark.
20. 18 ° VinaCapital Company Profile
VinaCapital has Vietnam’s real estate market covered
PAVILION SQUARE GREEN PARK ESTATE OCEAN VILLAS & CHAM CONDOMINIUMS
@ DANANG BEACH RESORT
The Ocean Villas and Cham Condominiums
Located on a prime, 14,000 A 27-hectare mixed-use
are the first two residential components
square metre site in central development close to Tan Son
of the 260-hectare Danang Beach Resort
District 1, Ho Chi Minh City, Nhat International Airport and a
brought to market. Sales of the first 115
Pavilion Square comprises 1,300 future MRT line.
Ocean Villas and the first phase of the
residential apartments and
Cham Condominiums is underway, with
a 30,000 square metre retail
subsequent projects including the Norman
component.
Estates and Dune Residences to launch
soon. In all, the Danang Beach Resort will
be an integrated luxury resort featuring
over 500 villas and potentially an equal
number of condominium units.
21. VinaCapital Company Profile ° 19
Leading investment and development expertise across all property sectors
DAI PHUOC LOTUS TOWNSHIP Sheraton Nha Trang Hotel & Spa MÖVENPICK HOTEL SAIGON
AND MÖVENPICK HOTEL HANOI
A unique 200-hectare island The first world-famous hotel A brand recently introduced to
township development featuring brand on Vietnam’s coast, Vietnam, the Mövenpick Hotel
villas, apartments, shopping this five-star luxury hotel will Saigon is the only top quality hotel
and offices. Located in Dong Nai redefine the standards for seaside near Ho Chi Minh City’s international
Province, the township will have accommodation in Vietnam. airport, while the Mövenpick Hotel
access to central Ho Chi Minh City Hanoi is a four-star, city-centre
by road and river. business hotel.
22. 20 ° VinaCapital Company Profile
Your link to Vietnam’s emerging real estate market
MY GIA TOWNSHIP NHA TRANG WORLD TRADE CENTER DANANG
My Gia is a 158 hectare cleared A landmark urban development along the Han River in central Danang, this nine
site positioned between the hectare, 333,000 square metre (GFA) development will feature hotels, office space,
mountains and the famous retail and residential apartments and townhouses.
beaches of Nha Trang. The
township will offer a unique
combination of residential and
retail facilities that will provide
residents with the ideal living
environment.
23. VinaCapital Company Profile ° 21
86 m
60 %
under 30 years
23 %
96 mobile phone
%
7.5
average GDP growth
%
2003
VinaCapital founded
Taking Vietnam to the world
24. 22 ° VinaCapital Company Profile
Vietnam Infrastructure Limited
Infrastructure investment is at the core of Vietnam’s emergence as a modern,
industrial nation
Energy
Electricity demand is expected to grow 17 percent yearly between 2010 and 2015.
According to the current power master plan, by 2015 the additional 46‐56,000 MW
capacity planned will still result in a yearly power shortfall of 800‐1,000 MW.
Electricity of Vietnam (EVN), the national energy provider, is struggling to cope with
the surge in demand and the private sector is expected to make up the balance.
Transportation
The rapid growth in passengers and freight per kilometre has increased the pressure
on Vietnam’s road network which suffers from historic under-investment. The
Vietnamese government encourages foreign investment in transport projects through
incentive plans such as BOT projects. The Ministry of Transport has created a list of
roads and bridge projects for foreign investment.
Telecommunications
Vietnam is one of the fastest growing telecommunication markets in the world. The
average growth in total teledensity (lines per 100 people) is about 23 percent yearly.
Vietnam is also one of the fastest growing communications markets in Asia in terms of
revenue growth. The estimated industry revenue was about USD3 billion in 2007 and
is expected to reach USD5 billion in 2010.
Environmental utilities
The World Bank estimates investment needs of both rural and urban water and
sanitation at USD600 million annually to 2020. There are many opportunities for the
private sector to invest in waste treatment and water sanitation or supply companies,
and in the development of the country’s sanitation and distribution infrastructure.
25. VinaCapital Company Profile ° 23
Fund Details
Term of fund Ten years subject to shareholder vote for extension
Fund domicile Cayman Islands
Legal form Exempted company limited by shares
Structure Cayman company trading on London Stock Exchange (AIM)
Auditor Grant Thornton (Cayman Islands)
Nominated advisor Grant Thornton Corporate Finance
(Nomad)
Custodian HSBC Trustee
Lawyers Lawrence Graham (UK)
Maples and Calder (Cayman Islands)
Investment manager VinaCapital Investment Management Ltd
Management and Management fee of 2 percent of NAV.
performance fee Performance fee of 20 percent of total NAV increase over the higher of an
8 percent compound annual return and the high watermark
26. 24 ° VinaCapital Company Profile
Infrastructure investment is at the core of Vietnam’s emergence as a modern, industrial nation
CAN DON HYDRO POWER JOINT PHU MY BRIDGE VIETNAM AIRCRAFT LEASING
STOCK COMPANY (SJD) COMPANY (VALC)
VinaCapital’s first investment in The Phu My toll bridge, VALC is a joint venture between
the power sector was in SJD, a operational in 2009, will provide some of the largest state-owned
hydro power company with an a key transport link in Ho Chi enterprises, including Vietnam
installed capacity of 78 MW and Minh City’s ring road network, Airlines and PetroVietnam, that
listed on the Ho Chi Minh Stock and connect the city to major will lease out aircraft on short and
Exchange (HOSE). The area served ports. The bridge has a toll long-term contracts. The company
by the plant - including Ho Chi collection period of 26 years has already signed contracts with
Minh City, Vung Tau, Bien Hoa and under a BOT scheme. Boeing and Airbus to purchase
Binh Duong provinces - has the eight B787-8 Dreamliners and ten
fastest growth rate in Vietnam. A321-200 aircraft.
27. VinaCapital Company Profile ° 25
VNI is focused on the foundations of Vietnam’s growth
MOBILE INFRASTRUCTURE VIETSTAR JSC LONG AN SEA INDUSTRIAL PARK
DEVELOPMENT COMPANY LTD AND PORT
(MIDC)
MIDC builds and leases mobile This solid waste treatment The 396-hectare industrial park
network base transceiver station facility in Ho Chi Minh City is the portion of this project received
(BTS) towers. MIDC is one of first of its kind, as up to an investment licence in March
Vietnam’s major players in this 80 percent of waste will be 2009, with the port investment
fast growing market, with over recycled rather than dumped licence process underway. The
530 towers in operation and into landfills. The facility was project is located in Long An
contracts for 1,000 more. built by Lemna International and Province, south of Ho Chi Minh
opened in late 2009. City, in an excellent location to
develop a port serving the Ho Chi
Minh City industrial region.
28. 26 ° VinaCapital Company Profile
DFJ VinaCapital LP
Preparing for the next wave of industry convergence
Internet
Vietnam’s Internet sector has experienced explosive growth. Internet penetration
has reached 26 percent and is expected to increase rapidly. While Internet services
such as online payment, e-commerce and social networking are widely used in other
parts of the world, they are still new in Vietnam and present unique opportunities
for growth. There is currently no dominant player in Vietnam’s Internet sector,
making it attractive for global Internet firms that are considering Vietnam as the
next emerging market to enter.
Telecommunications
The mobile phone is increasingly seen as a necessary device for most of the
country’s population. Mobile subscriber base growth was 30 percent in the first
quarter of 2009 versus the same period last year. This makes mobile-based services
(payment, marketing, MVAS, and so on) highly attractive. The introduction of 3G
mobile technology will bring additional growth. The privatisation of state-owned
enterprises also adds excitement to this sector.
Media
Traditional media outlets like newspapers, television and radio are fragmented and
highly regulated. However it is likely there will be gradual liberalisation of media policies
and consolidation within this sector. Out-of-home media and live event entertainment
are other ways to reach core audiences and have seen impressive growth.
Technology growth areas
Vietnam has the unique opportunity to invest in sectors that fall out of the traditional
venture capital model, but that will provide the outsized returns characteristic of a VC
investment. As the country continues to grow at one of the fastest paces in Southeast
Asia, major sectors within the economy will drive that growth. Ecosystems will develop
to support each industry and systems will form to support those sectors and so forth.
This “mushroom effect” can be seen in such industries as manufacturing support
services and outsourcing services.
29. VinaCapital Company Profile ° 27
Fund Details
Fund size USD32 million
Investment objective Provide limited partners with 20 - 30% returns
Sector focus Technology, media, telecom and other high-growth areas such as clean
technology, manufacturing services and outsourcing services
Investment size Average range of USD0.5-1.0 million. Investments outside of this range are also
considered on a case-by-case basis
Geographic focus Vietnam
Fund structure Privately held
Distributions Distribution upon exit
Auditor Grant Thornton
Custodian HSBC
Lawyers Lawrence Graham (UK)
30. 28 ° VinaCapital Company Profile
VinaCapital helps turn ideas and inspiration into successful business ventures
31. VinaCapital Company Profile ° 29
Preparing for the next wave of industry convergence
VIETNAM ONLINE NETWORK CHICILON MEDIA GAPIT
www.timnhanh.com, www.chicilonmedia.com.vn www.gapit.com.vn
www.yume.vn, Chicilon Media operates an out-of- GAPIT provides an integrated
www.kiemviec.com home (OOH) advertising network marketing platform that enables
Vietnam Online Network (VON) using LCD television and other advertisers to combine mobile,
is one of the leading online audio-visual displays located in high- online and offline mediums to
destinations in Vietnam. VON has traffic areas such as office building effectively reach their target
created an integrated platform lobbies and elevators, airports, market.
that combines search and railways, restaurants, shopping
portal services (timnhanh.com), malls and supermarkets. Chicilon
social network (yume.vn) and currently leads the Vietnam OOH
recruitment services market with over 2,600 LCD screens
(kiemviec.com). and 1,000 poster frames.
32. 30 ° VinaCapital Company Profile
Our Beliefs
VinaCapital Group strives to bring international best practice and expertise to
Vietnam, a country rapidly developing by opening its markets and integrating into the
global economy.
We are committed to following the highest global standards and have accordingly
established a comprehensive framework for corporate governance including policies,
procedures and guidelines for ethics, operations, financial control, reporting and risk
management.
We believe having effective corporate governance policies in place is vital to ensure
client, stakeholder and market trust in the VinaCapital name, and we understand that
this is a key requisite for our continued growth and success in the years ahead. While
we believe we stand out as an example of corporate governance in Vietnam, we are
continuously reviewing ways to improve and also to instill best practice in related
entities and business partners.
33. VinaCapital Company Profile ° 31
Executives
Horst F. Geicke
Chairman and co-founder, VinaCapital Group
Horst F. Geicke is one of VinaCapital Group’s three founding partners. He has almost
30 years experience in Asia and is the co-founder of Pacific Alliance Group, a fund
management group based in Hong Kong. Mr. Geicke is the President of the European
Chamber of Commerce in Hong Kong and is the chairman or board member of
numerous public and private companies. Mr. Geicke has a Master degree in Economics
and Business Law from the University of Hamburg, Germany.
Don Lam
Chief Executive Officer and co-founder, VinaCapital Group
Don Lam is a founding partner of VinaCapital Group, with over 15 years experience in
Vietnam. Previously, Mr. Lam was a partner at PricewaterhouseCoopers (Vietnam),
and has also held management positions at Deutsche Bank and Coopers Lybrand
in Vietnam and Canada. He has a degree in Commerce and Political Science from the
University of Toronto, and is a member of the Institute of Chartered Accountants of
Canada. He is a Certified Public Accountant and holds a Securities Licence in Vietnam.
34. 32 ° VinaCapital Company Profile
Our Management Team
Don Lam Brook Taylor Andy Ho
Chief Executive Officer Chief Operating Officer Managing Director and Head of
VinaCapital Group Investment
Don Lam is a founding partner Brook Taylor has over 18 years Andy Ho is Managing Director and
of VinaCapital Group, with over of management experience, Head of Investment of VinaCapital
15 years experience in Vietnam. including eight years in Vietnam Investment Management Ltd,
Previously, Mr. Lam was a partner as a senior partner with major where he oversees the capital
accounting firms. Previously, market, private equity, fixed income
at PricewaterhouseCoopers
Mr. Taylor was deputy managing and venture capital investment
(Vietnam), and has also held partner of Deloitte in Vietnam, teams. Previously, Mr. Ho was
management positions at and was also managing partner of Director of Investment at Prudential
Deutsche Bank and Coopers Andersen Vietnam and a senior Vietnam’s fund management
Lybrand in Vietnam and Canada. audit partner at KPMG. Mr. company, and he has also held
He has a degree in Commerce Taylor has a B.A. in Commerce management positions at Dell
and Administration from Victoria Ventures and Ernst Young.
and Political Science from the
University of Wellington, New Mr. Ho holds an MBA from
University of Toronto, and Zealand, and is a member of the Massachusetts Institute of
is a member of the Institute the New Zealand Institute of Technology and is a Certified Public
of Chartered Accountants of Chartered Accountants. Accountant in the United States.
Canada. He is a Certified Public
Accountant and holds a Securities
Licence in Vietnam.
35. VinaCapital Company Profile ° 33
David Henry Stephen O’Grady Tony Hsun Mr. Phuc Than
Managing Director, Real Estate Managing Director, Hospitality Managing Director, Infrastructure Managing Director,
DFJ VinaCapital L.P
Mr. Henry has over 30 years Mr. O’Grady has over 30 years Mr. Hsun has over 25 years of Phuc Than is the former head of
experience in real estate. experience in real estate and experience with major energy Intel Vietnam, with over 25 years
Previously, he was Director of hotel management. Previously, and investment companies experience in numerous senior
Springfield Land Corp. Pty Ltd, Mr. O’Grady held positions developing infrastructure projects management roles with Intel in
a member of MUR Group, with leading international hotel in Asia, Europe, and South and the US and Vietnam. Phuc started
where he led development of companies including Kempinski, North America. Previously, with Intel in 1986 as a Market
the 2,860ha Greater Springfield Inter-Continental, Southern Sun, he was Senior VP of business Development Engineer and
township. Mr. Henry’s Delta and Furama. Mr. O’Grady development at Orix Corp in over the next 13 years assumed
professional experience includes was General Manager of the Tokyo, and is also the founder several technical and marketing
ten years with Australia’s Lend Caravelle Hotel and was awarded and managing director of Asia positions at Intel headquarters
Lease Group, developing projects the Ho Chi Minh City medal for Crosslink Pte Ltd in Singapore, in Santa Clara, California. In
in Sydney, Brisbane and the benchmarking industry standards a consulting firm that advises December 1999, Phuc moved
Gold Coast. He graduated with for quality and service, and was private equity funds. Mr. Hsun to Vietnam as Country Manager
a Bachelor of Building degree awarded as the Vietnam Hotel holds a B.Sc and M.Sc in for Intel Vietnam, where he
from the University of New General Manager of the Year Mechanical Engineering from led the development of Intel’s
South Wales. 2003 by the Vietnam National the University of Arkansas and business to become one of the
Administration of Tourism. an MBA from Houston Baptist fastest growing countries for Intel
University. worldwide. In 2002, he added
Cambodia and Laos to his area of
responsibility.
36. 34 ° VinaCapital Company Profile
Giving back
In 5 years over 1,616 children have been saved by
www.heartbeatvietnam.com
37. VinaCapital Company Profile ° 35
About The VinaCapital Foundation
Our Mission and Status ° Trained hundreds cardiologists and cardiac surgeons through our
The VinaCapital Foundation (VCF) was created in 2006 with the mission monthly Telemedicine Lecture Series, a partnership with the World
of alleviating poverty and raising the status of the poor in Vietnam by Heart Foundation and the World Bank Global Development Learning
increasing access to quality healthcare for children, improving medical Network, and gained acceptance for the programme as a Clinton
institutions, and supporting high-level programmes that build business Global Initiative.
knowledge and executive leadership. VCF is a separate entity organised
as an American not-for-profit organisation and fully tax-deductible ° Examined and treated over 3,000 poor children in 23 provinces
501 (c)(3), and licensed as an international NGO in Vietnam. It is through our free medical outreach clinics, including diagnostic testing
connected to the VinaCapital Group, however, in two key ways: and post-operative check-ups.
° VinaCapital Group pays for all of the foundation’s overhead, so VCF ° Supplied 6 hospitals in 5 provinces with medical equipment valued at
has no expenses. That means that 100% of all donations go directly over USD500,000.
to support programme work.
° Created the International Management Institute of Vietnam (IMIV),
° To encourage philanthropy in Vietnam, the VinaCapital Group the country’s first international-standard executive training institute and
challenges potential donors by committing to match 100% of every gained acceptance for the programme as a Clinton Global Initiative.
single donation made to the foundation’s health programmes.
° Provided onsite training to 64 provincial doctors on the care and
Our Accomplishments diagnosis of children with congenital heart disease.
VCF implements both grassroots and large-scale programmes in
pediatric and cardiac care as well as secondary and higher education in ° Provided Pediatric Advanced Life Support (PALS) training to 156
Vietnam. We have a proven track record of results, as well as financial cardiologists and intensivists across the country, in addition to
and programme transparency. To date, we have: training 12 trainers to continue the expansion of this knowledge
across the country.
° Saved 1,616 children suffering from congenital heart disease since
2006 through Heartbeat Vietnam, our programme that provides ° Provided school and living scholarships to 50 ethnic minority girls
lifesaving heart surgery to poor children. who demonstrate academic excellence.
° Provided family grants for travel, food, education, and/or medical
expenses to 200 families.
www.vinacapitalfoundation.org
38. 36 ° VinaCapital Company Profile
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HO CHI MINH CITY NHA TRANG SINGAPORE
17th Floor, Sun Wah Tower 7th Floor ACB Tower 6 Temasek Boulevard,
115 Nguyen Hue Street, Dist. 1, 80 Quang Trung Street, #42-01 Suntec Tower 4
Ho Chi Minh City, Vietnam Nha Trang, Vietnam Singapore 038986
Phone: +84-8 3821 9930 Phone: +84-58 3523 555
Fax: +84-8 3821 9931 Fax: +84-58 3523 144
HANOI DANANG CAMBODIA
5th Floor, Sun City Building Son Tra - Dien Ngoc, Hoa Hai, Canadia Tower, 20th floor
13 Hai Ba Trung Street, Ngu Hanh Son Dist., Danang, No. 315, Ang Duong Street,
Hoan Kiem Dist., Hanoi, Vietnam Vietnam (Corner of Monivong Blvd),
Phone: +84-4 3936 4630 Phone: +84-511 3961 800 Phnom-Penh, Cambodia
Fax: +84-4 3936 4629 Fax: +84-511 3961 801