The Vietnam Entertainment Fund (VEF), which aims to increase value through medium- and long-term investments in the entertainment sector, made its debut in Ho Chi Minh City on July 26.
At the press conference to launch the fund (Source: //tinnhanh.dkn.tv)
HCM City (VNA) – The VietnamEntertainment Fund (VEF), which aims to increase value through medium- andlong-term investments in the entertainment sector, made its debut in Ho ChiMinh City on July 26.
This type of open-ended fund operates under the holding form, meaning that the companywill hold shares of other firms.
The VEF, established under the consultationof VinaCapital Fund Management, will operate to maximise profits for investorsby increasing the capital value and dividend yield from initial investments,such as with intellectual property assets of films and fixed assets.
Regarding the portfolio, representatives from the VEF said that the fund will diversifyits operation fields to reduce risks and ensure investment objectives.
At the same time, with its flexible investment form, appropriate financialcapacity, transparent information, and safety for investors, the VEF expects toattract the attention of businesses and investors.
The fund sets a minimum income plan of 8percent per year and a maximum of 10.5 percent annum for the 2018-2019 period,and a minimum revenue of 10.5 percent for 2020-2022.
Other financial benefits for investors include the right to buy preferred stocksat the time of issuance, as well as stock value expecting to climb at leastfive times higher than the initial investment value after three years.
Shares in the VEF are hoped to be offered at the initial public offering (IPO) five years after its establishment.
Currently, the attractive profit opportunityin Vietnam’s entertainment industry is attributed to its average growthreaching 25 percent per year, with the average revenue of the film industry alonereaching 2.3 trillion VND (99.2 million USD) per year.–VNA
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At the press conference to launch the fund (Source: //tinnhanh.dkn.tv) 
