Holding almost £1.5bn of assets, VEIL is the largest of three major trusts focusing exclusively on Vietnam, with a mandate of seeking long-term capital growth by investing in companies primarily operating in Vietnam. The company’s largest sector weightings are towards telecoms, technology, and financials.
In this interview, Dominic Scriven OBE, Chairman and Founder of Dragon Capital, the asset manager behind VEIL, explains to us why he believes Vietnam generates so much interest among Western investors, including its demographic, cultural and geographic strengths, and a government focused on continuous reform and becoming a high-income country by 2045; the regulatory changes coming to Vietnam’s capital markets that should help drive further foreign and domestic investment into its markets; the big trends that VEIL targets, including infrastructure development, capital market growth, global supply chain dynamics, and the growth of the consumer economy; and, as Vietnam moves closer to emerging market status, the opportunities arising from Vietnam's maturing private sector and a coming wave of IPOs from its next generation of industry.
