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Vietnam Enterprise Investments Ltd (VEIL) Ord USD0.01(DI)

Sell:591.00p Buy:592.00p 0 Change: 1.00p (0.17%)
FTSE 250:0.78%
Market closed Prices as at close on 19 July 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Change: 1.00p (0.17%)
Market closed Prices as at close on 19 July 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Change: 1.00p (0.17%)
Market closed Prices as at close on 19 July 2024 Prices delayed by at least 15 minutes | Switch to live prices |
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.


The investment objective of the Company is to invest directly or indirectly in publicly or privately issued securities of companies, projects and enterprises issued by Vietnamese entities, whether inside or outside Vietnam. The company seeks to achieve its investment objective by investing in companies primarily operating in, or with significant exposure to Vietnam,
Security Weight
Hoa Phat Group JSC 9.32%
Asia Commercial Joint Stock Bank Ordinary Shares 8.74%
Vietnam Prosperity JSC Bank 8.52%
Joint Stock Commercial Bank for Foreign Trade of V 6.92%
FPT Corp 6.55%
Mobile World Investment Corp 4.64%
Vietnam Technological and Commercial Joint Stock b 4.56%
Military Commercial Joint Stock Bank 3.70%
SSI Securities Corp 3.36%
PetroVietnam Gas JSC 3.35%
Sector Weight
Financial Services 43.52%
Real Estate 13.70%
Basic Materials 13.57%
Consumer Cyclical 8.27%
Industrials 6.57%
Technology 6.55%
Energy 3.54%
Consumer Defensive 2.18%
Country Weight
Vietnam 100.00%

Fee Structure

Management fee is a 1.85% p.a. on the first USD 1.25bn of the NAV b 1.65% p.a. on the portion of the NAV in excess of USD 1.25bn and less than or equal to USD 1.5bn and c 1.5% p.a. on the portion of the NAV above USD 1.5bn. The Contract is terminable on 24 months notice.

Dividend Policy

The Company has no current intention to declare dividends. The Board may from time to time declare any such dividends to the holders of Ords as appear to the Board to be appropriate. No dividend may be declared or paid other than from funds lawfully available for distribution.


Total number of holdings: 29.

Trust Manager

Tuan Le

Manager Bio

Tuan, with a Masters of Corporate Finance from the University of Economics in Ho Chi Minh City, joined Dragon Capital as a Senior Analyst in 2006 and was promoted to Deputy Portfolio Manager of VEIL in 2010. In 2013, Tuan was appointed as Deputy Portfolio Manager of a mandate for a large sovereign wealth fund investing in listed Vietnamese stocks. In 2016, he took over as Portfolio Manager of that mandate. Under his management, the US$600m+ portfolio outperformed the VNI six years out of seven and had an annualised total gross return (in US$) of 12.77% during his tenure, exceeding the VNI's 8.90%.

Board Of Directors

Sarah ArkleChairman, Dominic Scriven, Vi Peterson, Entela Benz-Saliasi, Suk Low, Charles Cade

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.