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Vietnam Enterprise Investments (VEIL) Share News

IN BRIEF: Vietnam Enterprise Investments secures lower management fee

1st Dec 2023 10:54

Vietnam Enterprise Investments Ltd - launched in 1995, VEIL offers exposure to the Vietnamese stock market - Agrees with investment manager, Dragon Capital Group Ltd, a reduction of the management fee from July 1 next year. Currently, the fee steps down from 1.85% per year of the first USD1.25 billion in net asset value, to 1.65% of NAV from USD1.25 billion to USD1.50 billion, and then to 1.5% of NAV above USD1.50 billion. Total NAV on October 31 was USD1.6 billion. The new management fee will be a flat 1.5% of NAV per year, with no performance fee. Read More

IN BRIEF: Vietnam Enterprise NAV rises on-quarter but falls on-year

3rd Nov 2023 08:12

Vietnam Enterprise Investments Ltd - investor in listed equities in Vietnam - On September 30, net asset value per share is USD8.85. In pound sterling terms, it is GBP7.25, up 6.5% from the previous quarter but down 7.9% over the previous year. Portfolio Manager Dien Vu comments: "Vietnam's [gross domestic product] expanded by 5.3% year-on-year in [the third quarter of] 2023, putting average growth at 4.3% in the first nine months of 2023. This expansion can be attributed mainly to the services sector, which increased 6.3% year-on-year due to sub-sectors such as accommodation and catering services (up 13%), wholesale and retail sales (up 9.0%) and transportation and logistics (up 8.7%)...The manager has positioned VEIL's portfolio to benefit from sectors such as technology, banks, retail, food and beverage, property, oil & gas, and steel, and expects earnings per share growth of over 20% from VEIL's portfolio next year." Read More

IN BRIEF: Vietnam Enterprise says Chair Gordon Lawson resigns

1st Nov 2023 09:00

Vietnam Enterprise Investments Ltd - Invests in listed equities in Vietnam - Says that Gordon Lawson has informed the board he will step down as chair of the company and resign from the board, both effective June 30, 2024. Lawson has served as an independent non-executive director of VEIL since July 2014, and as chair since 2022. The board elects Sarah Arkle, currently an independent non-executive director, to replace Lawson as chair of the company after Lawson steps down. Read More

IN BRIEF: Vietnam Enterprise says asset value down, VND still stable

13th Oct 2023 10:18

Vietnam Enterprise Investments Ltd - invests in listed equities in Vietnam - Net asset value at September 30 is USD8.85 or GBP7.25 per share, down 5.5% from USD9.37 and 1.9% from GBP7.39 at August 31. Total NAV at September 30 is USD1.8 billion or GBP1.5 billion total. NAV total return is negative 5.5% in dollar terms, while benchmark Vietnam Index falls 6.6%. Company repurchases 1.2 million shares in September, compared with 391,143 in August. Also says the Vietnamese dong depreciated 0.9% against USD and 3.0% against pound in September. Portfolio Manager Dien Vu says Vietnamese market "witnessed early positive momentum in September" but then "succumbed to profit taking triggered by a blend of domestic and international pressures". Read More

IN BRIEF: Vietnam Enterprise Investments asset value rises 10% in half

13th Sep 2023 09:20

Vietnam Enterprise Investments Ltd - invests in listed equities in Vietnam - Net asset value rises by 10% in the first half of 2023, only slightly trailing a 12% rise for the VN Index. NAV on June 30 is USD8.66, up from USD7.85 on December 31. Declares no interim dividend, unchanged from year before. However, the company repurchased USD13.3 million in shares during the first half of the year. Pretax profit in the first half is USD164.7 million, swung from a USD523.5 million loss a year before. Total income is positive USD184.0 million, swung from negative USD497.2 million. Chair Gordon Lawson notes that Vietnam's economy grew by 3.7% in the first half of the year but is hindered by a decline in global demand and domestic consumption. Read More

Vietnam Enterprise and Vietnam Holding gain from Vinfast "excitement"

17th Aug 2023 11:46

(Alliance News) - Investment trusts Vietnam Enterprise Investments Ltd and VietNam Holding Ltd on Thursday both reported strong rises in net asset value during July, amid "excitement" about the US listing of a local champion, but the larger of the two beat its reference index while the smaller one trailed. Read More

IN BRIEF: Vietnam Enterprise reports quarterly net asset value rise

9th Aug 2023 09:54

Vietnam Enterprise Investments Ltd - closed-end fund primarily investing in Vietnamese-listed equity - Net asset value per share is USD8.66 on June 30, up 4.8% from USD8.28 on March 31. Total net asset value is USD1.8 billion, up from USD1.7 billion quarter-on-quarter. Vietnam Enterprise expects that it will have a strong performance in the second half based on the Vietnamese government's fiscal measures and "other support measures" accelerating throughout the year. Read More

UK shareholder meetings calendar - next 7 days

16th Jun 2023 15:43

IN BRIEF: Vietnam Enterprise net asset value falls on a monthly basis

17th May 2023 10:31

Vietnam Enterprise Investments Ltd - closed-end fund primarily investing in Vietnamese-listed equity - Net asset value decreases by 1.8% to USD8.13 per share at April 30. This is compared to a fall of 1.4% in its reference index, the Vietnam index. VEIL Portfolio Manager Dien Vu says: "The market's average daily trading value jumped 28% month-on-month to USD576 million, a four-month high. However, the year-to-date daily trading value across Vietnam's three exchanges is down 60% compared to the same period last year." Read More

IN BRIEF: Vietnam Enterprise Director buys shares worth GBP272,000

11th May 2023 16:52

Vietnam Enterprise Investments Ltd - closed-end fund primarily investing in Vietnamese-listed equity - Reports Director Dominic Scriven buys 50,000 shares at an average price of GBP5.44 worth around GBP272,000. Scriven holds 136,423 shares following the purchase. Read More

Vietnam Enterprise net asset value grows quarterly but down annually

10th May 2023 10:29

(Alliance News) - Vietnam Enterprise Investments Ltd on Wednesday reported a higher net asset value than a quarter ago, albeit lower than a year prior. Read More

DIRECTOR DEALINGS: Rentokil chief sells GBP6.3 million worth of shares

21st Apr 2023 15:27

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Friday and not separately reported by Alliance News: Read More

IN BRIEF: Vietnam Enterprise net asset value declines monthly

14th Mar 2023 11:08

Vietnam Enterprise Investments Ltd - closed-end fund primarily investing in Vietnamese-listed equity - Net asset value decreases by 11% to USD7.76 per share as of February 28 from USD8.70 at January 31. This is compared to a fall of 9.0% in its reference index, the Vietnam index. VEIL Portfolio Manager Dien Vu says: "Following two months of double-digit returns the Vietnam Index fell 9.0% in February. This was mainly due to unease over recent missed payments in the corporate bond market and renewed concerns of a higher terminal Federal Reserve rate." Read More

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