Dragon Capital denies withdrawal from Vietnam
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Print previewVietNamNet Bridge – Dragon Capital has denied rumors that it plans to quit Vietnam’s investment markets.
Over the last few days the rumor that has served to discouraged Vietnamese investors in the investment business.
Dominic Scriven, Chief Executive Officer of Dragon Capital
“We do not have any plans to withdraw capital from Vietnam,” said Dominic Scriven, Chief Executive Officer of Dragon Capital investment fund management company. “We even plan to launch new funds to increase our investment in Vietnam,” he confirmed.
He went on to say that Dragon Capital is now continuing to raise foreign funds for Vietnam’s market. The company plans to launch a new investment fund by the end of the first quarter of 2010. The fund will focus on making investments in recyclable energy and waste treatment. The fund is expected to reach $50 million.
Regarding investment activities, Dragon Capital is seeking investment opportunities from good businesses in Vietnam. It has increased the ownership ratio at Hoang Anh Gia Lai Group and sent representatives to join the board of directors of the group.
He also has revealed that Dragon Capital has taken full advantage of low stock market prices recently to raise the ownership ratio at the Hoa Phat Group, Saigon Securities Incorporated and Eximbank
Dragon Capital has also completed the restructuring of its management scheme. Dominic Scriven has been appointed as the Chief Executive Officer of the company.
Mr Scriven emphasized that since it began operating in Vietnam, Dragon Capital has always been following a long term investment strategy which has helped the company survive the most difficult period of Vietnam’s stock market.
VietNamNet/TBKTVN
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