Latest news with #DragonCapital
Yahoo
09-06-2025
- Business
- Yahoo
Dragon Capital Releases Vietnam, Asia's Ascending Dragon – A Film by David Stevenson, the Influential Adventurous Investor
Exploring Vietnam's Economic Transformation and Investment Potential HO CHI MINH CITY, Vietnam, June 09, 2025 (GLOBE NEWSWIRE) -- Dragon Capital is pleased to announce the release of Vietnam, Asia's Ascending Dragon, a compelling new film by renowned financial journalist and commentator David Stevenson. In this insightful documentary, Stevenson travels to Vietnam to examine the nation's remarkable evolution since Đổi Mới 1.0 and explores what lies ahead as Đổi Mới 2.0 takes shape. With a population of over 100 million, a dynamic economy, and rapid growth, Vietnam stands at a pivotal moment—can it escape the middle-income trap and ascend to the next stage of development? Stevenson engages with influential asset managers, corporate leaders, and financial experts to uncover the opportunities and challenges facing this fast-emerging market. The film offers a unique perspective on Vietnam's economic trajectory, investment landscape, and the structural reforms driving its future. Now available on YouTube: For further information or interview requests, please contact: Rachel Hill+44 (0) 797 121 4852rachelhill@ Thuy Anh Nguyen+44 (0) 788 588 6492thuyanhnguyen@ Steven Mantle+44 (0) 755 370 1237stevenmantle@ Jefferies International LimitedStuart Klein+44 (0) 20 7029 h2RadnorIain Daly+44 (0) 20 3897 1830idaly@ About Dragon CapitalDragon Capital Group is Vietnam's largest independent asset manager, with over $5.5 billion in assets under management and a 30-year track record of pioneering the country's capital markets. As a 65% employee-owned firm, we serve a distinguished client base, including high-net-worth individuals, family offices, pension funds, and sovereign wealth funds. Our flagship funds—Vietnam Enterprise Investments Limited (VEIL), a London-listed closed-end fund with $1.8 billion AUM, and Vietnam Equity (UCITS) Fund (VEF), the first actively managed UCITS fund in Vietnam—reflect our commitment to long-term, high-conviction investing. Backed by Vietnam's largest equity research team and our proprietary IRIS platform, we focus on quality growth, strong governance, and sustainable returns. About David StevensonDavid Stevenson is a prominent financial journalist, best known for his Adventurous Investor column in the Financial Times. A seasoned commentator, keynote speaker, and author, he has moderated major investment forums and serves on several London-listed investment trusts. With a background spanning BBC production, fintech entrepreneurship, and fund governance, Stevenson brings a unique perspective to global markets. A video accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
22-05-2025
- Business
- Reuters
Vietnam retroactively cuts subsidies for some solar, wind farms, investors' letter says
HANOI, May 22 (Reuters) - Vietnam's state power utility has cut previously agreed subsidised prices it pays for electricity from some solar and wind farms which now risk defaulting on their debts with banks, according to an investors' petition seen by Reuters. The document, dated May 16 and sent to Vietnam's top authorities, follows a first letter in which most of the same signatories warned of billions of dollars of investment at risk because of retroactive changes to subsidies implemented by Vietnamese authorities even as they target a massive expansion of renewables capacity. Starting with January invoices, a subsidiary of Vietnam's power utility EVN "unilaterally withheld a portion of its payments by applying a provisional tariff of its own proposal," the document said. "This has caused us to breach commitments to banks and both local and international lenders, face the risk of default under pressure of monthly debt repayments, and suffer cash shortages," it added. Among the 16 foreign signatories are private equity fund Dragon Capital, the Vietnamese subsidiary of Philippines' ACEN ( opens new tab energy group, and investors from Thailand, Portugal, the Netherlands, South Korea, Singapore and China. Dozens of other Vietnamese projects also signed the letter. In recent years, the Southeast Asian country has experienced a boom in renewable energy investments driven by generous feed-in tariffs (FiTs), under which the state committed to buying electricity for 20 years at above-market prices, effectively subsidising producers. However, amid allegations of abuses in accessing the FiTs and increasing losses for EVN from the subsidy programme, authorities have proceeded to freeze or cut some subsidies. EVN had no immediate comment on the second petition but it has told Reuters in recent weeks that preferential prices could not be continued for projects that violated regulations. It did not specify whether rules were changed retroactively and which projects were in breach of regulations.
Yahoo
04-03-2025
- Business
- Yahoo
Ukraine to boost gas imports due to Russian attacks on energy infrastructure, Bloomberg reports
Ukraine plans to import about 3.5 billion cubic meters of gas for the upcoming heating season due to ongoing Russian attacks on its energy infrastructure, Bloomberg reported on March 4. Recent Russian missile and drone strikes have significantly reduced Ukraine's gas production capacity, forcing the country to rely more heavily on imports to meet domestic demand. Damage to infrastructure has caused production drops of up to 40% at times. 'We are waiting for a final approval of the balance, which will define the projected volume of consumption, extraction, and imports of gas,' Roman Chumak, acting CEO of Ukraine's state-owned oil and gas company Naftogaz, told Bloomberg. The country's gas buying plans come amid a volatile market marked by high competition and elevated prices due to Europe's need to replenish low gas inventories. In February, Ukraine imported 560 million cubic meters of gas from Europe, compared to just 700 million cubic meters for the entire previous heating season, Bloomberg reported, citing estimates from Kyiv-based Dragon Capital. Due to Russian strikes and extreme cold in February, Ukraine's gas production sharply declined, leading Naftogaz to urgently purchase significant amounts of natural gas from the European Union to meet critical heating demands. Tensions between Ukrainian President Volodymyr Zelensky and U.S. President Donald Trump could potentially weaken Ukraine's ability to defend against Russian attacks, raising concerns about energy security, according to Bloomberg. Naftogaz and Ukrainian energy company DTEK confirmed to Reuters that Russian forces attacked and damaged their facilities twice in February. At the start of 2025, Ukraine halted its agreement with Russia to transport Russian gas to European customers through its pipelines, as the deal expired at the end of 2024 and was not renewed. Read also: US military aid freeze to Ukraine temporary, linked to Zelensky-Trump clash We've been working hard to bring you independent, locally-sourced news from Ukraine. Consider supporting the Kyiv Independent.
