Leading fund management firm VinaCapital is working to set up two new funds for investment in Viet Nam, one focused on property and the other on securities. According to its CEO, Don Lam, Viet Nam is still attracting foreign investors' interest.
Its managing Drector, Andy Ho, has recently returned from meetings with investors in the US and Japan, who expressed their confidence since their investments in this country through funds managed by VinaCapital yielded more returns than investments elsewhere.
The two funds are expected to draw US$150 million-250 million each.
The US-headquartered International Data Group, or IDG, plans to set up two venture-capital funds that will invest in the IT sector by 2012, according to its founder and chairman, Patrick J McGovern. They will have a combined corpus of $400 million.
The first fund, worth $150 million, will be set up next year targeting companies that have been in operation for just one or two years, have potential, but face funding issues.
The other will be set up in 2012 with $250 million to be invested in firms that are at least two years old and have recognisable products and brands.
This fund will later expand its scope to healthcare, education, and retail.
Meanwhile, Dragon Capital launched last month the first Asian regional fund that will also invest in Viet Nam's renewable energy, water, and waste-management sectors.
It has attracted commitments of US$45 million in the first phase of fund-raising and is expected to grow to $100m following a second phase next year.
Dominic Scriven, CEO of Dragon Capital, said the Clean Development Fund "will deliver solid financial returns and positive environmental and social impacts in a set of developing countries in the Mekong and Brahmaputra (Major rivers in Central and South Asia) regions".