Vietnam - 500 Beiträge pro Seite

[nanooo]

Hallo Leute

Wer von Euch hat schon in Vietnam investiert?

Hat jemand den Vietnam Fond von Dragon Capital ?


Grüsse , nanooo

[testersteron]

Wie ist die WKN ?

[omegaman]

Werde im April für 3 Wochen nach Vietnam fahren.....versuche diesbezüglich etwas rauszubekommen.

Gruss Omegaman

[nanooo]

@ Omegaman


Wäre super, wenn du uns auf dem laufenden hälst. Wenn Du in Ho chi min City bist , must du zum stock exchange. Dort kannst du ein depot eröffnen. Das kannst du dann übers internet hier in D steuern (habe ich zumindest gehört, dass es so gehen soll) ,
Bezüglich den Kapitalverkehrskontollen musst du Charlie erzählen, dass Du Deine Investments solange im Land lässt, bis sich eines Tages die Lage stabilisiert hat und die Kontrolle wegfällt.

Auf der Homepage vom stock exchange von vietnam findest du mehr infos.

Viel Glück

[nanooo]

Index der viet. Unternehmen
http://www.mekongsources.com/TradenetDisplay.asp?cat=all&Mod…

[nanooo]

Saigon stock exchange

http://www.ssi.com.vn/Home/Home.aspx

[nanooo]

VIETNAM2003 Insurance, stock market to provide capital for growth


Making the connection: Vietnamese love their life insurance.
Photo by Thomas Jandl
Vietnam’s rapid economic growth has been underwritten by foreign direct investment, development assistance and remittances from the overseas Vietnamese community. One pillar of capital mobilization, savings, has been virtually untapped in what is essentially a cash economy. But stock market and life insurance can make all the difference, experts say.

“Opening up the insurance market in a fair and transparent manner could be a tremendous boost for mobilizing domestic capital, that is, getting the dong out of the teapots and out from under the mattresses of ordinary folks and into premiums, and thus investments,” U.S. Ambassador Raymond Burghardt told a meeting of the Asia Society earlier this year. He is not alone in his belief.

The chief representative of American International Group, AIG, Terence Anderson, says that insurance has so far mobilized $600 million in funds, and the market is far from being saturated. “This is the first time the Vietnamese have experienced peace and stability in a long time. The future now is not next week, but 30 years down the road. That changes the planning horizon,” he explains. AIG’s subsidiary AIA is one of the successful life insurers in Vietnam.

While AIG got a foot in the door, two other U.S. companies, New York Life and ACE, are waiting for a decision on their applications. Both have been waiting patiently, assisted Vietnam in the development of insurance regulations, and both contend that the market exists and that Vietnam would benefit overall from more life insurance companies.

The sector has created 70,000 jobs, insured three million people and mobilized half a billion in capital, says Trinh Thanh Hai, the chief representative for New York Life in Vietnam. Companies like New York Life, he adds, have the international experience to invest their assets into successful projects, which in turn benefits the economy overall.

The government could benefit directly as well. As people take their financial future in their own hands, the government’s resources will be less strained by demands for health care and retirement.

Tim Fisher, assistant vice president for international government relations at ACE, said the government did a good job opening the sector incrementally, as regulations were adapted to the new competitive environment, which ACE and other international companies assisted in creating. But now, says Fisher, we see that the market is still under-penetrated; providing new licenses will provide consumers with more choice and better price, but above all will allow for the job creation, management skills improvements and knowledge transfer that come with the infusion of new blood into the system.

He says that there are really only two companies that have been waiting for a license for a long time, ACE and New York Life. In Fisher’s opinion, Vietnam would be well advised to consider applications of companies that have clearly demonstrated their commitment to the Vietnamese economy over many years.

All three U.S. executives agree that insurance companies with a long international history are uniquely capable of mobilizing what Fisher calls “mattress capital” and then investing it in profitable ventures. Since the government has widened the scope of investment opportunities for insurance companies, Fisher says insurance money could not only buy government bonds, but also finance infrastructure and other projects

[nanooo]

Foreign Investors Attain New Heights

In the first five months of this year, foreign investors in Vietnam generated over US$4.1 billion in export receipts, thereby accounting for 52 per cent of the country’s total export earnings. Foreign invested companies now account for roughly 37 per cent of Vietnam’s industrial output; roughly the same as the once dominant state enterprise sector. Given that foreign direct investment (FDI) into Vietnam only commenced 15 years ago, policy-makers in Hanoi have done a remarkable job in establishing a substantial and productive FDI community in a relatively short period of time.

In this regard, Vietnam has emulated the success of several of its Southeast Asian neighbours, in attracting foreign investors to establish operations in the country, principally (but not exclusively) as a platform for export-oriented production activity. As a result, foreign investors in Vietnam are now an important source of employment, tax revenues, foreign exchange earnings, and an engine of economic growth for the country. Vietnam has also emulated its neighbours in having mixed success in using FDI inflows to derive technology transfer, and in establishing linkages between local firms and foreign investors.

Where Vietnam differs from its regional neighbours is that the pursuit of FDI inflows has been conducted simultaneously with - and has been a key pillar of - a far-reaching economic transition and business liberalization process. Essentially lacking a domestic private sector in the early 1990s, FDI has arguably entailed the importation of an ersatz private sector into Vietnam. Recent years, however, have seen the country take significant strides to develop a domestic private sector, as evidenced by the epochal Enterprise Law of 2000, and the registration of literally tens of thousands of new companies.

If the number of new company registrations is to be believed, a domestic private sector is rapidly on the rise in Vietnam. Indeed, this latest number of registrations has been cited by some observers as hard evidence that the economic reform process in Vietnam remains in high gear. But the real challenge for Vietnam’s policy-makers will be to translate these numbers for new company registrations into a tangible - and much more robust - private sector business community. More specifically, Vietnam needs to see a substantial proportion of these firms become larger and more efficient companies, able to compete with foreign firms for both domestic and overseas markets. They will also need to improve in terms of product quality, if they are to have any hope of creating linkages with foreign investors, and thereby ‘plug into’ the burgeoning number of cross-border production networks in global manufacturing.

Thus far, the anecdotal evidence is mixed, at best. Foreign investors in manufacturing sectors such as garments or electronics complain that they are not able to source as many inputs locally as they would like, usually because the quality of these inputs is too low or the price is too high, or a combination of both. If one looks at which garment and footwear companies in Vietnam are winning contracts with global players like Nike and The Gap, foreign-invested companies seem to be faring better than many local firms (hence their stellar export performance). Therefore, the linkages between foreign and local firms, through which vital technology and skills transfer might be expected to flow, appear to be weak at present.


WATCHPOINT: Improved future output and export performance by the domestic private sector will be a critical indicator of whether newly-established private companies in Vietnam are maturing into a corporate community able to collaborate and compete with foreign investors.

Dr Nick Freeman
Senior Associate Fellow Institute of Southeast Asian Studies (ISEAS) Singapore

[nanooo]

Aktienindex von Vietnam

http://www.ssi.com.vn/stock/Interactive.aspx?sym=VNIndex

[Motleifaul]

In Dublin soll es den Fonds "Vietnam Enterprise Investments" geben. Ich kann den aber nirgends finden.
Kennt den jemand?

[Motleifaul]

Das isser:

Dragon Capital "Vietnam Enterprise Investment Ltd."(VEIL)





Fund Details


Investment Objective and Strategy
The fund seeks long term capital growth by investing principally in Vietnamese corporates likely to list on the domestic stockmarket, which opened on 20 July, 2000.



Exit Strategy

Exits will be via Vietnamese stockmarket listings, third party industry or institutional sales and cashflow returns.



Redemption

Wind up votes in 2002 and 2007 for liquidation in 2005 or 31st Dec, 2010 at the latest. Shares are redeemable at a discount at the directors’ discretion.



Shares Issued

After full investment of the original, 16.390m redeemable shares, an issue of 11.100m conversion shares was raised in 1997. The latter were converted into 14.426m R shares on 31/12/98. A further 16.400m conversion shares were issued in 2001 which were converted into 17,457,636 redeemable shares in April 2002 following an independent valuation of the portfolios at that date. Total redeemable shares outstanding as of June 30th, 2002 are 48,273,862.



Valuation

Listed securities are valued at last traded prices whilst unlisted shares are carried at fair market value in accordance with IAS 39 “Financial Instruments: Recognition and Measurement” (“IAS 39”, issued by the International Accounting Standards Committee (“IASC” and Interpretations issued by the Standing Interpretations Committee of the IASC.



Dealing
On a matched market basis, principally through Dragon Capital Markets (see below), clearing through both Euroclear and Clearstream and settled through HSBC Securities Asia (Euroclear no. 92498).



Fund Information

Market Cap.
US$53.02mn
NAV
US$1.09
Prices
US$1.02/1.12
Issued Shares 48,273,862
Launched July 95 (former C shares - April 02)
Dividend/share US$0.02xd 25/6/97
ISIN code KYG9361H1092
CUSIP no. G9361H109
Updates VIET Reuters and VIETENI Bloomberg

Structure
Listed The Irish Stock Exchange
Format Cayman registered closed-end fund
NAV Calculated monthly at month end
Year End 31st December

Fees
Management Fee 2% p.a. of NAV, paid monthly
Performance Fee 20% of gains over 8% hurdle rate with a high water mark applying
Expense Ratios 2.96% - 00 (before extraordinary);
3.00% - 99; 3.70% - 98; 2.51% - 97
Establishment Costs limited to $0.15m per share class

Advisors
Legal advisor Freshfields Bruckhaus Deringer –Hanoi
Auditors Ernst & Young – Hong Kong
Custodian Fortis - Hong Kong
Listing sponsor Ernst & Young – Dublin



Conversion of C Shares

Conversion is based on the respective R and C share NAV’s on the earlier of the date when 70% of the assets attributable to the C shares have been invested or the conversion date as specified in the issuing prospectus as determined by independent valuation of the portfolios at that date. As of June 30th, 2002 there were no C shares outstanding.





NAV and Price Performance
Discount/Premium Chart







© 2002 Dragon Capital Limited. All rights reserved.

[omegaman]

Wo bekomme ich den aktuellen Umrechnungskurs Dong/Euro???? Vielen Dank

[2002buyer]

@omegaman

Hier hast du einen recht guten Waehrungsrechner:

http://www.oanda.com/converter/classic?lang=de


Andi

[derivatus]

Hat den fonds von dragon schon jemand gekauft - wenn ja ueber welchen Broker ?