VinaCapital appoints new Managing Director

06 February 2013

For immediate release

VinaCapital appoints new Managing Director

Ho Chi Minh City – VinaCapital is pleased to announce that Mr. David Blackhall has been appointed the role of Managing Director for VinaLand Limited’s (“VNL”) investment manager, VinaCapital Investment Management Ltd, effective 1 February 2013. Mr. Blackhall has taken over responsibility from Mr. David Henry in respect to managing VNL’s portfolio of real estate investments.  Mr. Henry is leaving VinaCapital to pursue career opportunities in Australia.

Mr. Blackhall joined VinaCapital in 2007 and has 28 years experience in property, design and construction, with the last 20 years in real estate fund and asset management. . Prior to joining VinaCapital in 2007 David worked with a Vietnamese property developer based in Hanoi, and prior to this spent 12 years with Deutsche Bank’s RREEF Funds Management Ltd, one of Australia’s largest property fund managers. Many shareholders are familiar with Mr. Blackhall who was an integral part of the investment management team working on the reorganisation of VNL, leading up to the EGM held in November 2012 where a new three-year strategy was passed by shareholders.

Mr. Henry joined VinaCapital in August 2008 to lead the Company’s efforts in developing numerous mixed use and residential projects, including the 260ha integrated Da Nang Beach Resort. 

VinaCapital CEO Mr. Don Lam commented, “Our long standing reputation as one of Vietnam’s leading real estate investment and development firms has been enhanced significantly by the outstanding combined commitment of both Mr. David Henry and Mr. David Blackhall. Going forward, Mr. Blackhall will be instrumental in developing our current real estate portfolio and carrying out VNL’s new three-year strategy.”

About VinaCapital

VinaCapital is a leading investment management and real estate development firm in Vietnam, with a diversified portfolio of USD1.6 billion in assets under management. VinaCapital was founded in 2003 and boasts a team of managing directors who bring extensive international finance and investment experience to the firm. 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. To achieve this, VinaCapital has industry-leading asset class teams covering capital markets, private equity, fixed income, venture capital, real estate and infrastructure.

VinaCapital manages three closed-end funds trading on the AIM Market of the London Stock Exchange. These funds are: VinaCapital Vietnam Opportunity Fund Limited (VOF), VinaLand Limited (VNL), and Vietnam Infrastructure Limited (VNI). VinaCapital also co-manages the DFJ VinaCapital L.P. technology venture capital fund with Draper Fisher Jurvetson.

VinaCapital has offices in Ho Chi Minh City, Hanoi, Danang, Nha Trang, Phnom Penh (Cambodia) and Singapore. More information about VinaCapital is available at


David Dropsey
VinaCapital Investment Management Limited
Investor Relations/Communications
+84 8 821 9930

Philip Secrett
Grant Thornton Corporate Finance, Nominated Adviser
+44 (0)20 7583 5100
Hiroshi Funaki
Edmond de Rothschild Securities, Broker
+44 20 7845 5960

David Benda / Hugh Jonathan
Numis Securities Limited, Broker
+44 (0)20 7260 1000

Andrew Walton
FTI Consulting, Public Relations (London)
+44 (0)20 7269 7204