Sustainable Investment Report

RNS Number : 2123U

VietNam Holding Limited

11 October 2010

 



For immediate release

11th  October 2010

VietNam Holding Limited

('VNH' or the 'Company')

Inrate Report on the

Sustainable Investment Rating of VNH's portfolio

VietNam Holding Limited (AIM: VNH), an investment company with a diversified portfolio of Vietnamese  equities, is pleased to publish its first sustainability report written in partnership with Inrate, an independent rating agency based in Switzerland.

The report focuses on the profile of investment opportunities in Vietnam and also the rating of the VNH portfolio as it makes its transition to a sustainable investment fund as announced in November 2009.

The key findings of the report are;

1.  Vietnam is an increasingly attractive market for sustainable investment with the government's commitment to actively enforce increasingly stringent environmental, social and governance (ESG) standards. Progress in these areas remains a critical item on the country's political agenda.

2. The VNH portfolio companies  demonstrated a solid performance across all three ESG considerations; with 59% deemed 'proactive' and exceeding the MSCI Emerging Market benchmark. A further 36% are rated 'in progress' and moving actively towards the benchmark ESG management practices.

These results made clear that the majority of enterprises in the portfolio are aware of the ESG factors and have begun managing them within their business activities - a very encouraging achievement in so short a time.

Commenting on the findings of the report, Min-Hwa Hu Kupfer, Chairperson of VietNam Holding said:

"It is just under a year since we announced the change in our investment strategy and our commitment to develop a portfolio of  sustainable investments.  We are delighted at the progress made to date which demonstrates both the good work of our team and the success of our existing portfolio companies in improving their ESG performance. 

"The report reflects our active ownership efforts to maintain a direct dialogue with the management of our investee companies to support improvement in their governance and sustainability commitment."

Please follow this link http://vietnamholding.com/site/userfiles/data/347_497.pdf

For more information and full copies of the report please contact:

VietNam Holding Asset Management Ltd
Jay Vontobel	Telephone: [phone]
Inrate Ltd
Michael Diaz	Telephone: [phone]
Grant Thornton UK LLP
Philip J Secrett	Telephone: [phone]
JPMorgan Cazenove Ltd - Broker
William Simmonds	Telephone: [phone]
Buchanan Communications                                                           Charles Ryland / Isabel Podda / Ben Romney	Telephone: [phone]

About VietNam Holding Limited:

VIETNAM HOLDING LIMITED (AIM: VNH) is an investment company incorporated in the Cayman Islands with a large base of Swiss investors. Its shares are traded on the AIM Market of the London Stock Exchange. VNH's investment objective is to achieve long-term capital appreciation by way of a diversified portfolio of companies in Vietnam, or with a significant portion of their operations in Vietnam. The goal is to invest in companies that have high growth potential at an attractive valuation and which promote sustainable business performance through their commitment to environmental, social and governance issues and management. For more information, please visit VNH's website at www.vietnamholding.com.

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