Lumen Vietnam Fund
About Us

Vietnam Holding Asset Management VNHAM

Is a Cayman Islands based investment advisor with a representative office in Ho Chi Minh City.

As an active investment advisor with a fundamental and value based approach, VNHAM seeks attractive risk-adjusted returns by combining rigorous financial analysis with interactive sustainability research.

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Vietnam
Why VNHAM

Focused and Active Value Investment in Vietnam

Sustainable Partnership with long-term relationships for shared growth. Systematic Approach as the methodical and adaptable management focused on long-term stability and growth. Achievement-Focused on commitment to results that bring maximum value and support sustainable development.

Experienced team

Decades of industry expertise

Value approach

Disciplined value investment combined with active portfolio trading

Result focused

Agile portfolio management to yield optimal return
Team

The Board of VietNam Holding Asset Management (VNHAM) plays a very active role in the management of the company. Members bring to our organization a wealth of professional experience in Vietnam, Asia, and the global financial community. The directors remain in close and regular contact with dedicated and advanced communication system, and physical meetings.

The Ho Chi Minh City team is headed by Chief Representative, Head of Advisory, and Head of Research.


In a frontier market like Vietnam, it is essential for an investment advisor company to have staff on the ground. VNHAM has always strived to hire qualified and motivated professionals, who share our distinctive values.

News

The latest news from our company and the world

We are happy to share with you information about our upcoming events, our achievements and the results of our work. Also, our team monitors and offers you news from official verified channels.

News

Vietnam

AQUIS-Fondsmanager Timpanaro: "Vietnam ist ein bisschen die Schweiz von Asien"

​​Hören Sie rein: Mario Timpanaro, der Fonds Manager hinter dem Lumen-Vietnam-Fonds von AQUIS Capital, spricht über die Bedeutung der Diversifikation im heutigen Markt, die potenziellen Vorteile vietnamesischer Aktien in Zeiten geopolitischer Spannungen und die besonderen Merkmale seines Fonds. Er gibt zudem einen Ausblick auf die kommende e-fundresearch.com Fonds-Dialog Roadshow in Österreich und teilt seine neuesten Erkenntnisse von einem Research-Trip nach Vietnam.

Click on the link for the full article.

These factors promise superior growth

​​In our newest market report, we present you the top 3 opportunity factors for Vietnam’s economy and an interview with fund manager Mario Timpanaro.

Click on the link for the full article.

Die China + 1-Strategie gibt unserem Vietnam-Fonds den Turbo

​​Die „Vietnams Bambus-Politik“, dem geschickten Balancieren zwischen völlig unterschiedlichen Handels-Partnern. Erlaubt dem Land jetzt von den geopolitischen Unsicherheiten, vor allem von der „China + 1“-Strategie, zu der sich viele westliche Unternehmen entschieden haben, zu profitieren.

Lesen Sie das Interview mit Mario Timpanaro zum Thema Vietnam

Click on the link for the full article.

Blog

Vietnam seeks stronger French investment in transport infrastructure

Vietnam seeks stronger French investment in transport infrastructure

At the meeting, both host and guest commended the fruitful results of bilateral transport cooperation, highlighting that Airbus has become the leading aircraft supplier to Vietnamese airlines, and the Nhon – Hanoi Station metro line’s elevated section is now in operation.

Hanoi (VNA)– Prime Minister Pham Minh Chinh called on France to ramp up business cooperation and investment in Vietnam’s transport sector, with a particular focus on large-scale infrastructure projects, during his reception in Hanoi on March 21 for Philippe Tabarot, French Delegate for Transport under the Ministry of Ecological Transition and Territorial Cohesion.

At the meeting, both host and guest commended the fruitful results of bilateral transport cooperation, highlighting that Airbus has become the leading aircraft supplier to Vietnamese airlines, and the Nhon – Hanoi Station metro line’s elevated section is now in operation.

Stressing Vietnam’s strategic emphasis on enhancing transport infrastructure, the PM described it as one of the country’s three key development priorities. He outlined major ongoing projects spanning roads, railways, aviation, maritime, and inland waterways, improvements that will unlock new development zones, boost industrial and urban growth, and reduce logistics costs, which currently account for 17-18% of the country’s GDP. This, he noted, will ultimately strengthen Vietnam’s economic competitiveness.

The PM encouraged French enterprises to expand their presence in Vietnam’s transport sector by investing in critical infrastructure projects. He specifically urged Airbus to partner with Vietnamese airlines to establish a maintenance and repair hub at local airports. Additionally, he called for deeper cooperation in aviation economy development, space exploration, underground infrastructure, and maritime logistics. Chinh also invited French firms to participate in railway and seaport projects, increase large-vessel operations, and open new direct transport routes to Vietnam.

The host proposed enhanced collaboration in workforce training, technology transfer, improved management practices, and concessional loans to drive the development of Vietnam’s transport sector. He expressed his belief that the two economies’ complementary strengths will foster deeper cooperation, urging both sides to build on past achievements with sincerity, trust, and efficiency. He reaffirmed Vietnam’s determination to address institutional obstacles to fast-track project implementation.

Minister Tabarot expressed his admiration for Vietnam’s dynamic growth and recent development milestones. He noted his productive discussions with the Vietnamese Minister of Construction and highlighted France’s coordination with Vietnamese authorities in hosting the Vietnam-France High-Speed Rail Workshop during his visit.

He emphasised his country’s extensive expertise in the transport sector, pledging that France and its enterprises stand ready to support Vietnam in developing strategic infrastructure projects. He underscored their commitment to fostering talent development, sharing knowledge, and delivering high-quality services that will enhance connectivity and benefit people in both nations as Prime Minister Chinh’s proposals./.

HSBC to disburse $5.3 bln of green finance in Vietnam

HSBC to disburse $5.3 bln of green finance in Vietnam

HSBC has disbursed over $2.5 billion of green finance in Vietnam and an extra $5.3 billion is “already in pipeline,” said Deputy Minister of Industry and Trade Nguyen Hoang Long.

Long was referring to a meeting last week with HSBC in a recent LinkedIn post, regarding HSBC’s commitment of a $12 billion package of green finance for Vietnam by 2030.

The HSBC delegation featured HSBC Vietnam CEO Tim Evans and HSBC Asia Pacific CEO Surendra Rosha.

Besides, Long emphasized the potential of renewable energy in Vietnam, especially offshore wind power, as the country aims to become a regional hub for offshore wind power. Renewable energy is a key sector for Vietnam to attract foreign investments, the deputy minister highlighted.

Vietnam plans to raise the capacity of nearshore and land-based wind power to 26,066-38,029 MW by 2030 in its power development plan VIII (PDP VIII), which is under amendments, Long noted

In reply, the HSBC delegation said the bank is willing to finance renewable energy projects of Vietnam.

Vietnam allows some banks to have up to 49% foreign ownership

Vietnam allows some banks to have up to 49% foreign ownership

Vietnam's government said some private banks can increase their foreign ownership to up to 49% from 30% after they took over struggling financial institutions as part of the government's plan to restructure the banking system.

The government did not name any eligible banks in the statement posted on its website, but said the exemption did not apply to state-owned commercial banks.

"Total foreign investors' ownership in a commercial bank that compulsorily received a distressed rival may exceed 30% but not exceed 49% of its charter capital," according to the decree, which is expected to take effect from May 19.

- Quảng cáo -

In January, the central bank, the State Bank of Vietnam, directed two commercial banks to take over underperforming rivals as part of the restructuring drive that it said was necessary for political stability and social order.

Vietnam Prosperity Joint Stock Commercial Bank (VPBank), opens new tab took over GPBank and Ho Chi Minh City Development Bank (HDBank), opens new tab took over DongA Bank.

In October last year, also as part of the central bank's restructuring, Military Commercial Joint Stock Bank (MBBank), opens new tab took over smaller rival Ocean Bank, while state-owned Vietcombank, opens new tab took over Construction Bank.

Contact

Please get in touch with us

If you would like to get in touch with us, please reach out to us and we’ll get back to you.

Cayman Islands

VietNam Holding Asset Management

Mario Timpanaro – Director

Collas Crill Corporate Services,
Willow House, Cricket Square,
PO Box 709, Grand Cayman Y1-1107,

Cayman Islands

Ho Chi Minh City – Representative Office

VietNam Holding Asset Management

Tran Kim Phuong – Chief Representative

Zen Plaza, Floor 1, Unit 106,
54-56 Nguyen Trai, Ben Thanh Ward,
District 1, Ho Chi Minh City,

Vietnam