New MD and "Key Person" of In

RNS Number : 2423H

VietNam Holding Limited

03 November 2008

 



3 November 2008

VietNam Holding Limited

Appointment of New Managing Director and 'Key Person' of Investment Manager

VietNam Holding Limited (the 'Company') (AIM: VNH) today announces that further to the announcement of 18 September regarding the proposal of Vinnie Yu (Managing Director of VietNam Asset Management Limited ('the Manager')) as the 'key person', the Manager has advised the Company that Vinnie Yu has announced his resignation for personal family reasons effective 30 November 2008. The board of directors of the Manager has proposed Mrs. Nguyen Thi Tuong Vi as the new Managing Director of the Manager.

The board of directors of the Company has considered this request and has today accepted Mrs. Vi as the 'key person'.

Mrs. Vi joined the Manager in August 2006 as Deputy Managing Director. Previously, she was a Vietnam emerging market Vice-President with Citibank N.A. and started her career with Citibank in corporate and investment banking in Ho Chi Minh City in August 1996.  Prior to joining Citibank, Mrs. Vi was a Senior Manager at United Overseas Bank in Ho Chi Minh City from August 1995 to August 1996 and a credit officer at VID Public Bank in Ho Chi Minh City from June 1995 to August 1995. Mrs. Vi has an MBA from Maastricht Business School, Netherlands and a BA from the University of Ho Chi Minh City, Vietnam.

For more information please contact:
Vietnam Asset Management Limited
John Hoey	Telephone: [phone]
- Director
Grant Thornton UK LLP
Philip J Secrett	Telephone: [phone]
- Nominated Adviser
JPMorgan Cazenove Limited
Angus Gordon Lennox	Telephone: [phone]
- Broker

About VietNam Holding Limited:

VIETNAM HOLDING LIMITED (AIM: VNH) is an investment company incorporated in the Cayman Islands and whose shares are admitted to trading on the AIM Market of the London Stock Exchange. VNH's investment objective is to achieve long-term capital appreciation by investing in a diversified portfolio of companies either in Vietnam or with a significant portion of their assets or operations in Vietnam. The goal is to invest in companies that have high growth potential at an attractive valuation. VNH has a large base of Swiss investors. For more information, please visit VNH's website at www.vietnamholding.com.

 

END

 

 

MSCILFEDLTLFIIT