Several large foreign investment funds are considering expanding investments in Vietnam to capitalise on the country’s rapid socio-economic development and green transition.

The Da Nang Venture and Angel Summit (DAVAS) 2024 kicked off in the central city on May 31, aiming to create a chance for startup projects to access investors and investment funds.

Vietnamese Prime Minister Pham Minh Chinh held talks with Saudi Arabia’s Crown Prince and Prime Minister Mohammed bin Salman on October 20 as part of his visit to the Middle East country, where he also attended the Association of Southeast Asian Nations (ASEAN) – Gulf Cooperation Council (GCC) Summit.

After recording a difficult year with heavy losses in 2022, earlier this year a series of investment funds reported strong growth in profits.

Prime Minister Pham Minh Chinh on February 10 had a working lunch with representatives of major investment funds of Singapore and other countries, whose headquarters are located in the city state.

Experts, and representatives of international organisations, and investment funds have shown their belief in the potential for sustainable growth in Vietnam in the coming tỉme.

Vietnamese Prime Minister Pham Minh Chinh held a working session at the New York Stock Exchange (NYSE) on May 16 (local time) as part of his trip to the US.

A record of over 1.3 billion USD was poured into Vietnamese startups in 2021 despite the complicated developments of the COVID-19 pandemic, helping the country rank third in the group of the most dynamic innovative startup ecosystems in Southeast Asia, only after Indonesia and Singapore, statistics show.

Despite negative performance due to strong fluctuations in Vietnam’s stock market in January, big investment funds in the market remain optimistic.

Investment funds have seen their net asset value (NAV) increase strongly during the third quarter of this year thanks to positive movements of the market.

Investment funds involved in Vietnam’s equity market reported positive growth in net asset value (NAV) in August due to a stock market upturn.

Most investment funds in Vietnam’s equity market reported negative growth in net asset value per share (NAVPS) in H1 due to a stock market downturn, resulting from the impacts of the COVID-19 outbreak.

Latest reports from investment funds in February show they have suffered from the decline of the market amid the global spread of the COVID-19.

Five Vietnamese e-commerce platforms were named among ten most visited sites in Southeast Asia in the first half of this year.

Over the past year, most investment funds in Vietnam’s equity market have seen negative growth in net asset value per share (NAVPS) due to the poor performance of the market indices.

Most investment funds in Vietnam’s equity market have recorded modest gains and were beaten by the growth of the benchmark VN-Index in the past three quarters.

JAMJA - a technology startup firm in Vietnam - has just successfully called for nearly 20 billion VND (860,000 USD) from major investment funds of the Republic of Korea (RoK) and Japan.

Start-ups will be given support from the State budget in localities with no more than 30 per cent of total investment mobilised from investment funds.

Investment management funds have been active in trading on the HCM Stock Exchange recently, focusing on mid-cap stocks.

Investment funds are expected to perform better this year, following the successful 2016, on expectations that more individual investors will purchase their own investments.