Investment Trusts

VinaCapital Vietnam Opportunity Fund Ord

VOF:LSE

VinaCapital Vietnam Opportunity Fund Ord

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  • Price (GBX)468.00
  • Today's Change7.50 / 1.63%
  • Shares traded193.68k
  • 1 Year change+4.00%
  • Beta0.4824
Data delayed at least 20 minutes, as of Feb 13 2026 16:46 GMT.
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About the company

VinaCapital Vietnam Opportunity Fund Limited is a Guernsey-based closed-end investment company. The Company's objective is to achieve medium to long-term returns through investments either in Vietnam or in companies with a majority of their assets, operations, revenues, or income in, or derived from, Vietnam. Its investment portfolio includes capital markets, operating assets, private equity, and other net assets, including cash and cash equivalents, bonds, and short-term deposits. The Company invests in various sectors such as real estate, financials, materials, consumer staples, industrials, healthcare, consumer discretionary, information technology, and energy. Its subsidiaries include Clearfield Pacific Limited, Asia Value Investment Limited, Belfort Worldwide Limited, Boardwalk South Limited, Navia Holdings Limited, and VOF Investment Limited. The Company's investment manager is VinaCapital Investment Management Ltd. Its investment adviser is VinaCapital Fund Management JSC.

  • Revenue in GBP (TTM)-21.09m
  • Net income in GBP-34.86m
  • Incorporated2016
  • Employees0.00
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Profile

Management group(s)VinaCapital Investment Management Ltd
AIC sectorCountry Specialist
ISINGG00BYXVT888
Launch date30 Sep 2003
Share typeOrdinary Share
StructureInvestment Trust
Base currencyGBP

Objective

To achieve medium to long-term returns through investment either in Vietnam or in companies with a substantial majority of their assets, operations, revenues or income in or derived from Vietnam. All of the Company's investments will be in Vietnam or in companies with at least 75% of their assets, operations, revenues or income in or derived from Vietnam at the time of investment.

Managed by

Don Lam, Khanh Vu, Brook Taylor, Michael Kokalari, Dieu Phuong Nguyen

Management & contract fees

Management fee at: 1.30% of net assets, levied on the first USD 1000m of net assets; 1.00% of net assets, levied on net assets between USD 1,000m and USD 1,500 m; 0.75% of net assets, levied on net assets between USD 1,500 m and USD 2,000 m; and 0.50% of net assets, levied on net assets above USD 2,000m.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
Pollen Street Group Ltd127.94m53.95m536.69m91.0010.180.86179.474.190.880.882.0910.400.1629--6.671,487,721.006.874.547.315.11----42.1742.05--5.200.2651--14.8213.5624.189.71----
Blackrock Greater Eurp Invstmnt Trst PLC-32.63m-40.20m542.90m0.00--0.9815-----0.4185-0.4185-0.33625.98-0.0515-------6.344.66-6.654.90--83.38--78.04----0.002624.01-131.97---143.88----3.06
BlackRock Smaller Companies Trust plc-83.39m-90.59m544.64m0.00--0.97-----1.92-1.92-1.8714.10-0.1097-------11.910.0851-12.110.087--17.60--8.19---2,010.840.10612,471.05114.83-48.2086.95----6.25
SDCL Efficiency Income Trust PLC48.20m36.70m544.88m0.0014.660.573--11.300.03430.03430.04980.87610.0495--241.00--3.772.373.802.3775.9375.0576.1469.13----0.00275.46281.6641.14224.5143.27--4.97
Hansa Investment Company Ltd30.07m23.01m549.97m0.0014.380.6809--18.290.19190.19190.25194.050.0631--7.09--4.8210.464.8310.5088.3093.3076.5090.16----0.009.42-83.82---88.76----0.00
Aberdeen Asia Focus PLC98.07m89.94m562.28m0.006.951.05--5.730.57570.57570.62123.820.1607--20.57--14.7410.8015.8211.1094.4492.6791.7184.74----0.103917.4476.72--140.95----17.26
Schroder Asian Totl Retrn Invstmt Co PLC10.03m-1.07m563.02m0.00--1.24--56.14-0.0128-0.01280.10664.840.0204--7.20---0.21726.82-0.237.3823.5785.84-10.6581.86----0.0028.5552.714.5857.223.66--12.09
Partners Group Private Equity Ltd38.00m8.29m576.00m1.80k70.680.7064--15.160.13780.13780.632113.790.0413--2.2324,322.760.90087.150.94017.57----21.8060.63--24.050.020554.29233.59-5.06491.28-6.83--4.13
VinaCapital Vietnam Opportunity Fund Ltd-21.09m-34.86m586.69m0.00--0.894-----0.2626-0.2626-0.14685.22-0.0273-------4.517.31-4.557.41--77.62--72.71---136.120.0028.27-128.83---165.26----5.68
Jpmorgan European Discovery Trust PLC128.14m118.28m590.01m0.005.351.01--4.601.181.181.196.220.1932--20.45--17.848.3818.848.8994.7289.5892.3186.45----0.0018.08-60.90---83.47----14.18
Syncona Ltd-67.18m-93.58m596.03m0.00--0.5835-----0.1581-0.1581-0.11241.68-0.0614-------8.56-2.10-8.61-2.12------------0.00---494.94---3,879.30------
JPMorgan European Growth & Income PLC96.85m90.88m610.32m0.006.711.09--6.300.21530.21530.22921.320.1699--14.04--15.9411.6115.9911.6896.1693.8493.8390.59----0.072324.70-71.79---79.70------
GCP Infrastructure Investments Ltd33.72m18.36m636.21m0.0035.150.7525--18.870.02170.02170.03951.010.0366--221.12--1.995.212.085.4176.7087.7754.4475.79--5.330.0222112.39-12.0216.09-5.92-----1.63
Brunner Investment Trust Plc22.98m16.51m636.38m0.0037.781.05--27.690.38960.38960.534714.020.0368------2.649.692.649.9081.8994.0471.8390.60----0.039818.03120.9512.88136.4013.15--3.52
NB Private Equity Partners Ltd63.12m36.39m636.67m--18.780.7221--10.090.79290.79291.3720.620.0604------3.498.213.518.3469.9285.8157.7371.02----0.065634.44-15.19-14.06-37.83-26.40--10.14
Polar Capital Holdings plc228.66m39.10m639.68m200.0015.805.0915.292.800.39990.39992.341.241.15--8.961,143,295.0019.6919.2329.9129.7487.1089.4817.1021.38--300.230.0096.7114.448.16-13.44-2.5514.126.87
Data as of Feb 13 2026. Currency figures normalised to VinaCapital Vietnam Opportunity Fund Ord's reporting currency: UK Pound GBX

Institutional shareholders

43.88%Per cent of shares held by top holders
HolderShares% Held
City of London Investment Management Co. Ltd.as of 10 Dec 202516.78m13.20%
Lazard Asset Management LLCas of 30 Sep 202515.91m12.52%
Allspring Global Investments LLCas of 30 Sep 20255.12m4.03%
VinaCapital Investment Management Ltd. (Invt Mgmt)as of 27 Jun 20254.06m3.19%
Skagen ASas of 30 Nov 20253.74m2.95%
ICM Investment Management Ltd.as of 30 Sep 20252.85m2.25%
BlackRock Investment Management (UK) Ltd.as of 13 Feb 20262.51m1.98%
West Yorkshire Pension Fundas of 31 Mar 20251.91m1.50%
Vanguard Asset Management Ltd.as of 31 Dec 20251.77m1.40%
BlackRock Advisors (UK) Ltd.as of 06 Feb 20261.11m0.88%
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Data from 31 Mar 2025 - 31 Dec 2025Source: FactSet Research Systems Inc.
Data Provided by LSEG
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