2 June 2010
For immediate release
VinaCapital is official Meeting Supporter of World Economic Forum on East Asia 2010
Ho Chi Minh City – VinaCapital Group, the leading asset management, investment banking and real estate firm focused on Vietnam, is pleased to announce its role as the official Meeting Supporter of the World Economic Forum on East Asia 2010, to be held 6-7 June in Ho Chi Minh City.
The World Economic Forum on East Asia 2010, hosted by the Ministry of Foreign Affairs (MOFA), is the first WEF event held in Vietnam. The WEF is one of the world’s most highly regarded non-profit organisations, bringing top leaders from the government and private sectors together to discuss social, economic and political issues.
VinaCapital has been an active member of the WEF since 2007, and has supported many Vietnamese businesses to join the WEF and take an active role in promoting Vietnam.
“WEF events are like ‘strategy sessions’ for the world’s business and political leaders, and VinaCapital since 2007 has helped promote the idea of the WEF holding its East Asia event here in Vietnam,” says VinaCapital CEO Mr Don Lam.
“We view the decision by the WEF to hold their 2010 East Asia meeting here as a strong statement on Vietnam’s emergence in the global business arena. For VinaCapital, promoting Vietnamese participation at the WEF is a natural extension of our role as a ‘business ambassador’ for Vietnam.”
At WEF events in Europe, China, South Korea and now Vietnam, VinaCapital has hosted workshops and discussions on Vietnam’s economy and investment environment.
“We are long-term investors and we have raised over USD1.5 billion that is invested in developing Vietnam’s physical infrastructure and capital markets,” Don says.
“Furthermore, we invest heavily in social development through the VinaCapital Foundation. So we have every reason to take an active role in helping world political and business leaders to learn more about the opportunities here. We hope all Vietnamese enterprises, both private and state-owned, will join us this effort to take Vietnam to the world stage.”
The WEF on East Asia 2010 coincides with Vietnam’s economic recovery following the 2008-09 world financial crisis. The first quarter of 2010 saw Vietnam’s currency stabilise and economic growth reach 5.8 percent annualised, with corporate earnings reported at a healthy 15-20% growth rate.
“The WEF members visiting Ho Chi Minh City in June will see first-hand the vibrant economic growth taking place in Vietnam,” Don says.
Ms. Nguyen Duc Huong
PR and Marketing Manager
Mr. Michael L. Gray
VinaCapital Group is a leading asset management, investment banking and real estate consulting firm with unrivalled experience in the Vietnamese market. VinaCapital Group was founded in 2003 and has grown from a single USD10 million fund to a diversified investment firm with over USD1.7 billion in assets under management as of December 2009. VinaCapital Investment Management Ltd manages three closed-end funds trading on the AIM Market of the London Stock Exchange. These are: Vietnam Opportunity Fund (VOF); VinaLand Limited (VNL); and Vietnam Infrastructure Limited (VNI). VinaCapital also co-manages the DFJ VinaCapital technology venture capital fund with Draper Fisher Jurvetson, and owns a dominant stake in VinaSecurities JSC, a brokerage. More information is available at www.vinacapital.com.