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An integrated group focused on Vietnam

Our company

Established in 1994 with US$16m and eight staff we are now Vietnam’s longest established independent asset manager with over US$1.5bn (as of 30 September 2016 – unaudited) in listed equity, clean-tech, fixed income and real estate for international pension and sovereign wealth funds and endowments.

For over two decades, Dragon Capital has consistently delivered on behalf of our investors, partners and stakeholders.

We are also dedicated to improving corporate governance, contributing to society, and promoting sustainable development in the countries where we invest.

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Our people

Our close-knit team comprises many nationalities, skill sets and areas of expertise. The majority of our staff are Vietnamese who bring invaluable local knowledge. A company culture that rewards initiative and fosters ownership means we retain our staff for longer, and attract the best and brightest.

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Our Mission

We seek returns that exceed the market average through a disciplined investment process that focuses on long-term growth. Everything we do is guided by a heart-felt commitment to sustainably develop the environment, society and economy of the countries in which we invest.

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Our Edge

We combine unique local know-how, relationships and insights with international perspectives and best practices. Our investment approach is driven by close teamwork, rigorous research, and the latest financial technology and systems. Our over two decades of experience in Vietnam, and the skills and practices we have perfected there, give us a readymade advantage in the region.

Dragon Capital in the UK

Located in the UK, Dragon Capital Markets (Europe) Ltd (DCME) is the group's representative office and is regulated by the Financial Conduct Authority (FCA).

DCME FOCUSES ON MARKETING

DCME markets funds in the UK and Europe to institutional investors and organises visits and trips to Vietnam for investors

Please note that our investment threshold minimum is US$100,000 and we can only deal with professional clients and eligible counterparties.

If you have any questions about DCME or the Dragon Capital Group, please contact our UK office.

Dragon Capital Milestones
For over two decades, Dragon Capital has grown in tandem with Vietnam. It is the story of a remarkable group of people coming together to create a dynamic company with a unique culture; and an extraordinary country throwing off the past and coming of age. Here are some of the most significant moments:
1994

Dragon Capital is formed in Ho Chi Minh City with a team of six.

1994
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1994

President Clinton lifts the 19-year trade embargo against Vietnam, in place since the end of the Vietnam War.

1994
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1994

Vietnam GDP per capita is US$227 and the country has no stock market.

1994
1995

Our Vietnam Enterprise Investments Fund Limited (VEIL) is launched and remains the original and longest-running Vietnam fund.

1995
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1995

Vietnam becomes a full member of ASEAN.

1995
1997

The Asian Financial Crisis erupts, many Asian economies falter, their markets fall by up to 70% and currencies fail. Vietnam with its non-convertible currency is less badly hit. Other Vietnam funds go under, however, and VEIL is the only one to survive.

1997
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2000

Ho Chi Minh Stock Exchange (HSX) opens.

2000
2000

Vietnam signs the Bilateral Trade Agreement (BTA) with the US which spurs economic growth.

2000
2001

International Financial Corporation invests in Dragon Capital.

2001
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2003

VietFund Management (VFM) and Ho Chi Minh City Securities Corporation (HSC) are established.

2003
2004

Launch of our Vietnam Growth Fund Limited (VGF).

2004
2004

The first commercial flight from the US to Vietnam in over two decades touches down.

2004
2005

Hanoi Stock Exchange (HNX) opens

2005
2005

Proparco invests in Dragon Capital.

2005
2006

Dragon Capital Markets (Europe) Limited is licensed by Financial Conduct Authority (FCA).

2006
2007

Vietnam joins the World Trade Organization (WTO) becoming the 150th member.

2007
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2007

Dragon Capital’s team now numbers 64.

2007
2007

Launch of Vietnam Resources Investments (Holdings) Limited (VRI) and Vietnam Debt Fund SPC (VDEF).

2007
2007

Dragon Capital acquires 23% of micro-finance company Prasac, our first investment in Cambodia.

2007
2008

Launch of Vietnam Property Fund Limited (VPF).

2008
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2008

Launch of the Annual Report Awards.

2008
2010

Launch of Mekong Brahmaputra Clean Development Fund (MBCDF).

2010
2010

Our Hong Kong office opens.

2010
2012

Vietnam surpasses Brazil to become the world’s largest coffee exporter.

2012
2013

Launch of DC Semeru Asia Equity High Yield Fund and Vietnam Equity (UCITS) Fund (VEUF).

2013
2014

Our twentieth anniversary. Per capita GDP in Vietnam is now over US$1,000, an almost ten-fold increase in twenty years!

2014
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2016

Dragon Capital is managing assets worth US$1.2bn and has 97 staff based in Ho Chi Minh City, Hanoi, London, Bangkok and Hong Kong.

2016
About Vietnam
Vietnam continues to be one of Asia’s most compelling investment stories. With 94 million people – 41% of whom are aged under 25 – this young and dynamic country is the world’s 15th most populous.
Our People
Coming from different backgrounds, countries and cultures, Dragon Capital's team of professionals offer unique investing skills and experience.
Responsible investment
Environmental, Social and Governance (ESG) issues can influence investment risk and portfolio performance. At Dragon Capital, we therefore integrate ESG considerations into every stage of the investment process.