Vietnam Enterprise Investments Limited (VP3)

Profile

https://www.dragoncapital.com/dragon-capital-funds/vietnam-enterprise-investments-limited

Vietnam Enterprise Investments Limited is a Cayman Islands-registered closed-end investment trust established in 1995, managed by Dragon Capital, and recognized as the UK's largest and longest-running fund dedicated to Vietnamese equities. Its primary objective is to deliver medium- to long-term capital appreciation by investing in listed and unlisted equity securities of companies operating primarily in Vietnam or with significant exposure to its economy. The fund maintains a diversified portfolio across key sectors including financial services (dominated by leading banks like Vietcombank and VPBank), real estate (such as Vinhomes and Vingroup), consumer discretionary (e.g., Mobile World), industrials, technology (FPT Corporation), and materials, capturing Vietnam's rapid GDP growth of around 7% driven by industrialization, urbanization, and global trade integration. Notable features include a fixed capital structure enabling access to IPOs and private deals, a long-term holding horizon (average over ten years for top positions), and integration of ESG factors throughout the investment process for optimized risk-adjusted returns. As a FTSE 250 constituent with substantial net assets exceeding US$1.79 billion, it serves as a vital gateway for international investors to Vietnam's dynamic emerging market, emphasizing companies with strong growth metrics, corporate governance, and alignment to economic drivers.