Vietnam fund doubles in size
VinaCapital raises over $300 million in London.
The Vietnam Opportunity Fund (VOF), a closed-ended fund trading on LondonÆs Alternative Investment Market (Aim), has more than doubled its size in a share placement.ôThereÆs going to be a lot of privatisations in the next six to nine months,ö says Don Lam, managing partner and co-founder of VinaCapital Investment Management, an investment bank and the VOFÆs manager in Ho Chi Minh City. ôWe need to be there for it.ö He notes that the biggest insurance company, telephone operator and ba…
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