Nov 29th 2012 - Edison Investment Research today published a report on Vietnam Infrastructure (VNI.L, LSE:VNI, LON:VNI) entitled "Focused For Growth". In summary, the report says:
Vietnam Infrastructure Fund (VNI) invests in listed and unlisted infrastructure projects in Vietnam. Given the Vietnamese economic model and stage of development, historical opportunities have tended to be earlier stage and more economically sensitive than is the norm for infrastructure investing in developed markets. The government has been slow to open up more mainstream projects in utilities, energy and transport to the private sector. The softer economy created challenges, but over the past two years the fund has been rebalancing and refocusing towards less economically sensitive growth sectors. Further disposals should allow continued share repurchases and support continued investment, particularly in mobile telecommunications and hydro-electric power.
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »