Company profile - Aberdeen Asian income fund feature image - 28062019- JPGmoney & pens

VinaCapital Vietnam Opportunity Fund


Market Cap£825.3m

Last Close 498.5p

VinaCapital Vietnam Opportunity Fund (VOF) is a closed-end investment company that seeks to achieve medium- to long-term capital appreciation through investment in assets in Vietnam or in companies with a substantial majority of their assets, operations, revenues or income in, or derived from, Vietnam. The portfolio includes listed and unlisted equities, as well as debt instruments, covering a broad range of sectors.

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Investment summary

VinaCapital Vietnam Opportunity Fund (VOF) has benefited from its differentiated mix of listed and private investments during a volatile year for global stock markets. The authorities’ strong response to the COVID-19 pandemic has meant the human impact on Vietnam has been limited, and the main stock market index is up 11.3% year-to-date (to 16 December) as foreign investors have begun to return. However, VOF’s NAV total return is up 21.3% over the same period (all in GBP), thanks to the greater stability of its private equity portfolio as well as positive performance from listed holdings, including its largest position in steelmaker Hoa Phat Group, which is benefiting from government stimulus focused on infrastructure spending. The VOF team says that Vietnam – a rare oasis of GDP growth in the economic desert of 2020 – is set fair to be the next ‘Asian tiger’.

Content on VinaCapital Vietnam Opportunity Fund
VinaCapital Vietnam Opportunity Fund – Riding the new Asian tiger
Investment companies | Review | 18 December 2020
business desk
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Share price graph
Price performance
Actual (2.6) 0.8 7.8
Relative* (5.7) (2.8) (4.0)
52-week high/low 545.0p/405.0p
*% relative to local index
Key management
Andy Ho Investment Manager
Steven Bates Chairman of the board

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