Viet Capital Healthcare Fund
Overview
Viet Capital Healthcare Fund (VCHF)
Description: VCHF is the domestic member fund licensed by the Vietnam State Securities Commission with the primary objective of achieving medium to long-term (3-5 years) capital appreciation and providing an attractive level of income (from interest and dividends) through investment in listed and unlisted companies, assets and other healthcare investment opportunities in Vietnam.
Sector focus:
  • Pharmaceutical companies
  • Hospitals
  • High-tech clinics
  • Function food companies
  • Companies which manufacture medical devices
At a Glance
Fund size
VND 500 billion (as of Jan 15, 2008)
Investment strategy
70% invested in mid and long term projects; the remainder invested for short term trading purposes.
Investment criteria
High potential healthcare investment opportunities and social mission with competitive returns.
Investment size
No single investment may exceed 15% of the Net Asset Value of the fund.
Auditor
PwC
Custodian
HSBC
Fund director
Tuan Pham
Investment specification

We believe that through an active approach to investing we can best achieve our investment objective of consistently meeting our clients' performance expectations.

  • Our mission is to capture the opportunities presented by the open, dynamic and fast growing economy of Vietnam.
  • Pursuing a long-term and fundamental investment strategy, the Fund seeks to buy shares of companies which posses sound and sustainable competitive advantages in high growth industries at reasonable price. This strategy secures long-term attractive returns surpassing accompanied risks.
  • Investments are prioritized in industries which aim to improve living standards and add value to Vietnamese society. Investments in unhealthy industries particularly those which negatively affect public health and the environment are avoided.

The skills of our investment professionals and the resources of the organization are deployed to exploit these dynamic investment opportunities. We are therefore committed to:

  • Multi-disciplinary, methodical and systematic processes that can identify and assess opportunities for profitable investment. All investments will be subject to comprehensive and in depth due diligence and evaluation.
  • An innovative approach that draws upon a variety of asset management techniques to deliver tailored investment solutions to our clients. A disciplined and rigorous approach to evaluating deal opportunities and implementing investments.
  • Assets under management will be allocated into a widely diversified portfolio to achieve the goal of optimizing its profit within an acceptable risk ratio.
  • We believe in close partnerships with our people.

Leveraging our international and industrial relationship, VCAM plays not only the role of financial investor but also acts as a business partner to its investee companies, adding more value through consulting and bringing potential industrial partners together. The motto of our investment guidelines and process is: Safety, Stability and Effectiveness.

A combination of top-down and bottom-up approaches applied to screening and analyzing process to ensure superior stock picking.

Being aware of conducting business in a young emerging market, we consider Risk Analysis the core of our investment process. Thorough and comprehensive due diligence is conducted for every investment. Site visits and multiple meetings with target’s stakeholders and industrial experts are mandatory steps to complete the investment process.

After investment, a close and comprehensive watch is conducted rigorously to provide an effective risk-alerting and to enable a timely action for every investment.

Board of directors
Phan Thanh Hải
Chairman
Đặng Tố Loan
Board member
Trần Phát Minh
Board member
This fund has been closed due to the expiration of its operating term.