Vinacapital Vietnam Oppo... Share Discussion Threads

[grippa] 15/11/2006 10:17

Amazing...the Ho Chi Minh stock index has also broken strongly out of the downward trend and was up 1.32% today at 563.09...its now only 10% below its peak of this year. The Apec meeting is certainly highlighting Vietnam. What is also quite cool is that all the presidents/prime ministers and delegates will probably be staying in Hilton Hanoi or Sofitel, both of which VOF have very large stakes in!! Added value!!

[don muang] 15/11/2006 08:35

think it's safe to sat that it's past its previous peak now....

let's see what come out of next weeks Apec meeting there ....

[don muang] 14/11/2006 18:37

The United States has removed Vietnam from a list of countries which it says severely violate religious freedom.....

.... a US bill to normalise trade relations with Vietnam failed to get approval in Congress..... Another attempt to pass the bill is expected to be made later this week.

full story at:

[grippa] 14/11/2006 17:03

Interesting article...we have certainly seen a pick up in volume today, mostly look like smallish trades, so maybe the article and upcoming Apec summit is drawing people to the fund.

[don muang] 14/11/2006 16:25

From foe to friend: Vietnam .....

[grippa] 14/11/2006 10:39

Almost up at previous highs of $2.71...lets hope we can break through!

[grippa] 13/11/2006 08:54

Interesting article Don. I think VOF certainly warrants a premium to the other Vietnamese funds, simply due to its longer track record and huge presence on the ground in Vietnam. I dont know exactly that 21% premium is the right amount but certainly a premium is due IMO.

[don muang] 12/11/2006 21:32

Vietnamese in U.S. eye home investments

[don muang] 10/11/2006 16:28

a 'sampler' of one of the main articles in this weeks Money Week:

Vietnam - Asia's leading tiger economy
When George Bush arrives in Vietnam next week for this year's meeting of the Asia-Pacific Economic Cooperation, he may find himself wishing he could transfer some of Hanoi's economic vibrancy back home...

[don muang] 10/11/2006 12:21

Interesting ... both VNH and VOF have issued their Octobrt NAV statement today.
VNH are presently at a premium of about 4%, whilst VOF are at a premium of about 25%.

[don muang] 10/11/2006 12:16

Net Asset Value

RNS Number:8852L
Vietnam Opportunity Fund Limited
10 November 2006

For Immediate Release

10 November 2006

Vietnam Opportunity Fund Limited (the "Company")

The Company announces that at close of business on 31 October 2006 its unaudited
net asset value per share was $2.07.


-End-

[maxwellman] 07/11/2006 22:25

moving up nicely - when do the new shares come into play?

[grippa] 07/11/2006 13:47

AP
WTO Formally Invites Vietnam to Join
Tuesday November 7, 8:14 am ET
By Frank Jordans, Associated Press Writer
World Trade Organization Formally Invites Vietnam to Join As 150th Member


GENEVA (AP) -- The World Trade Organization formally invited Vietnam on Tuesday to become the commerce body's 150th member, officials said.
The organization's general council approved the accession terms for Vietnam with the fall of a gavel from WTO chief Pascal Lamy. Vietnam completed 11 years of entry talks with the Geneva-based group last month.

The communist country can join 30 days after its National Assembly signs the accord, which it is expected to do swiftly.

Tuesday's approval from the WTO comes just days before Hanoi will be in the spotlight when it hosts the Asia-Pacific Economic Cooperation summit, drawing leaders from 21 countries and thousands of business executives from around the world.

Vietnam is Asia's fastest-growing economy after China, and the Asian Development Bank in August projected its economy would expand by 7.8 percent this year. With a population of 84 million, it is the second most populous country behind Russia still outside the WTO.

Membership of the global trade body will give Vietnam increased access to foreign markets and the opportunity to take trade grievances to a neutral arbiter, strengthening its hand against nations that accuse Vietnam of illegally dumping goods on their markets. In return, the country will be required to drop its high tariffs on foreign imports and eliminate subsidies for state-owned companies.

Foreign companies will enjoy far greater access to Vietnam's economy, which has averaged 7.5 percent growth over the last decade, one of fastest rates in the world.

Outside investment in Vietnam has risen 41 percent in the last year. Foreign companies have been encouraged by Vietnam's market reforms, which began tentatively in the late 1980s, moved in fits and starts during the 1990s and greatly accelerated over the last three years.

Since the United States and Vietnam implemented a bilateral trade agreement five years ago, trade between the two has grown from $1.2 billion in 2000 to $7.8 billion last year.

Vietnam's garment exports to the U.S. have skyrocketed, and the industry is hoping to reap even greater profits after joining the WTO, which will require the United States to lift quotas on Vietnamese exports. But expectations have been tempered by ongoing negotiations on a trade normalization bill that the U.S. Senate has yet to approve.

[grippa] 01/11/2006 15:19

$300m more...not bad! Huge appetite for anything Vietnam, and so few ways to play the story!

[don muang] 01/11/2006 07:09

DFJ AND VINACAPITAL LAUNCH NEW TECHNOLOGY AND PRIVATIZATION FUND

(DFJ VinaCapital L.P.: Pioneering the Technology Investment Frontier in Vietnam)

Ho Chi Minh City, Vietnam, October 30, 2006

VinaCapital, the leading investment management firm in Vietnam is teaming up with Silicon Valley's premier VC firm Draper Fisher Jurvetson (DFJ) to launch a US$50 to $100 million technology and privatization fund.

(..... for full details see the Press Release....

[don muang] 31/10/2006 14:08

Closing of fundraising

RNS Number:2963L
Vietnam Opportunity Fund Limited
31 October 2006

Vietnam Opportunity Fund Limited
("VOF" or the "Company")

31 October 2006

Closing of fund raising.

The Board of Directors would like to announce the closing of the Company's sixth
round of fundraising. Due to the response received, the Directors have decided
to increase the size of the proposed fundraising to approximately US$300
million. This will involve the issue of approximately 126 million new ordinary
shares at US$2.38 per share.

A further announcement to clarify the amount raised will be made once all funds
have been received in from the investors.

[don muang] 28/10/2006 13:28

Vietnam set for WTO membership

[don muang] 16/10/2006 17:12

good luck .... I was overweight in Thailand in 1997 - and 'learnt my lesson there' - macro events can have dramatic effects on smaller emerging economies !!!

[grippa] 16/10/2006 16:53

I took it up...am already overweight in Vietnam and very bullish...I am rubbish at timing the market so will only buy Vietnam and not sell. So if it falls...great as I will buy more.

[don muang] 16/10/2006 07:54

Personally I didn't. Am already overweight in Vietnam with holdings in VNH as well as VOF. Also with present VOF price the the placing isn't at a great discount and any moderately poor macroeconomic news could affect VOF share price and bring it back to below placing price.

However, for people not already overweight in Vietnam holdings and who don't anticipate any macro hiccups then placing might should be worthwhile.

[maxwellman] 14/10/2006 11:24

everyone taking up their placing entitlement ?

[grippa] 11/10/2006 15:40

Deutsche Bank starting a Vietnam fund up, aiming to raise between 150-350m dollars! Seems like the big boys are starting to take notice. This can only be good news for those already invested in the market!

[don muang] 06/10/2006 16:26

They seem to be getting faster at notifying the Net Asset Value each month. Latest gives about a 3% increase over previous month.

RNS Number:1066K
Vietnam Opportunity Fund Limited
06 October 2006

For Immediate Release

6 Octber 2006

Vietnam Opportunity Fund Limited (the "Company")

The Company announces that at close of business on 30 September 2006 its
unaudited net asset value per share was $2.05

[don muang] 28/9/2006 07:41

Agreed .. not a surprise as premium on VOF somewhat high.
But even after this drop and related fall in premium then Vietnam Holdings (Epic: VNH) still have a much lower premium. Also Macau is another interesting 'play'. So I'm presently split three ways (VNH, MPO, VNH) on my country specific Far East investments listed in London. Will await and see which does best but presently am anticipating VNH will be the best performer of the three over the coming year.

[grippa] 27/9/2006 16:39

No surprise...good oppurtunity to buy some more!