Vietnam Investment Fund II
Vietnam Investment Fund II

Vietnam Investment Fund II (VIF II) is BVIM’s second closed-end fund. VIF II is an offshore fund which is initially closed on March 31, 2008 at US$42 million. VIF II was recently re-opened and fund raising will continue until March 31, 2010.

 Fund Objective

The primary objective of the Fund is to generate superior long-term capital appreciation of its assets through investment in a diversified portfolio of Vietnamese companies, with a focus on unlisted private sector companies and SOEs in the process of privatization.

Fund Strategy

The Investment Manager attempts to achieve this objective by adhering to the principles of long-term investing and seeking out companies valued at a discount to their intrinsic value and in relation to their long-term growth potential.

The strategy is driven by rigorous and extensive research by the Investment Manager and the investment team’s established market presence and industry expertise.

Fund Information

Fund Type

Foreign closed-end fund

Domicile

Cayman Islands

Target Fund Size

US $100 million

Initial Close

March 31, 2008

Final Close

March 31, 2010

Fund Term

10 years, with 1 one-year extensions

Management Fee

1.75% per annum

Preferred Return

9% per annum

Performance Fee

20% after return of investor capital and preferred return with catch-up

Capital Commitment by the Fund Manager

US$4 million

Custodian

HSBC Institutional Trust Services ( Asia) Limited

Auditor

KPMG Limited

Administrator

Bank of Bermuda (Cayman) Limited

Legal advisors

Freshfields Bruckhaus Deringer

Charles Adams Ritchie & Duckworth

Investment Manager

BVIM