Vietnam Enterprise Investments Limited, VEIL

Vietnam Enterprise Investments Limited ('VEIL') is a closed-end fund trading on the Main Market of the London Stock Exchange. Launched in 1995, VEIL is the longest running fund focus on Vietnam and one of the largest which invests primarily in listed and pre-IPO companies in Vietnam that offer attractive growth and value metrics, and strong corporate governance. VEIL provides investors with access to Vietnam's leading blue chip companies, many of which have reached their foreign ownership limit.

Bid GBP2.8900Offer GBP2.9100Updated 23/09/2016NAV US$4.40As at 22/09/2016

For updated pricing: VEIL Price on LSE

For further informationVEIL Website

Performance( US$ - %)
(as at 22 September 2016)
1W YTD 1YR 3YR 5YR
Share Price - US$ 1.08 25.59 38.05 74.65 98.15
NAV - US$ 0.69 22.56 29.79 53.31 84.87
Fund Information
Structure Cayman registered closed-end fund
Inception Date 31 August 1995
Issued Shares 220,920,746
Fund Size US$972.05m (as at 22 September 2016)
Geographical Focus Vietnam
Benchmark VN Index / MSCI EM Index / VN 30 Index
Listed London Stock Exchange
Valuation Policy Fair value
NAV Frequency Daily
Base Currency US$
Annual Management Fee 2% of NAV (Monthly)
Minimum Investment at New Issue
US$100,000
Par Value per Share US$1.00
ISIN KYG9361H1092
SEDOL BD9X204
CUSIP G9361H109
Bloomberg DGCP<GO> or VEIL LN <GO>
Reuters DRAGON1
Directors of Fund -Wolfgang Bertelsmeier: Chairman (Independent Non-Executive Director)
-Stanley Chou: Senior Independent Non-Executive Director
-Marc Faber: Independent Non-Executive Director
-Gordon Lawson: Independent Non-Executive Director
-Derek Loh: Independent Non-Executive Director
-Dominic Scriven: Non-Executive Director
Portfolio Manager Vu Huu Dien
Administrator & Offshore Custodian
Standard Chartered Bank
Auditor KPMG Limited
Company Secretary Maples Secretaries (Cayman) Limited
Depository Computershare Investor Services PLC
Legal Advisor to the Company Stephenson Harwood LLP
Legal Advisor to Sponsor CMS Cameron McKenna LLP
Registrar Computershare Investor Services (Cayman) Limited
Sponsor and Financial Advisor Jefferies International Limited
Vietnam Custodian Standard Chartered Bank (Vietnam) Ltd
Restrictions at time of investment
a) no more than 20 per cent. of the gross assets of the Company may be exposed to the creditworthiness or solvency of a single counterparty;
b) no more than 20 per cent. of the gross assets of the Company may be invested in any one issuer; and
Borrowing:
c) no more than 40 per cent. of the gross assets of the Company may be invested in any one industrial sector.
Audit Committee The key role of the Audit Committee is to assist the Board in discharging its responsibilities with regard to the approval of the financial statements, the review of internal controls and the monitoring of the relationship with the external auditor.
-Chair: Stanley Chou
-Member: Gordon Lawson
-Member: Derek Loh
Management Engagement, Nomination and Remuneration Committee
The principal roles of the Management Engagement, Nomination and Remuneration Committee are to evaluate the performance of the Investment Manager, monitor the composition of the Board and set the framework for Directors' remuneration.The principal roles of the Management Engagement, Nomination and Remuneration Committee are to evaluate the performance of the Investment Manager, monitor the composition of the Board and set the framework for Directors' remuneration.
The principal roles of the Management Engagement, Nomination and Remuneration Committee are to evaluate the performance of the Investment Manager, monitor the composition of the Board and set the framework for Directors' remuneration.
-Chair: Marc Faber
-Member: Wolfgang Bertelsmeier
-Member: Derek Loh

Further information:

Circular to list on LSE

Board of Director Biographies

Amended and Restated Memorandum and Articles of Association

VEIL Annual Report 2015

Summary Prospectus

 

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