Home Vietnam Debt Fund SPC Vietnam Debt Fund SPC In brief Finnfund is a parallel lender to the IFC’s loan syndication to Vietnam Debt Fund SPC. The fund is sponsored by Dragon Capital Group (DCG) and managed by Dragon Capital Management (HK) Limited. The fund’s target size is USD 120 million. The investment objective is to - invest in a portfolio of corporate bonds which are mainly denominated in VND and issued by mid- to large-sized private companies in Vietnam - mainly invest in bonds from the primary market and - actively seek capital gain by selling in the secondary market. Vietnam is considered one of the most stable countries in Southeast Asia. The economy expanded 2.91% in 2020 after having posted gross domestic product growth above 7% for two consecutive years, with the economy set to bounce back to 6.8% in 2021. Main development impact The fund aims to support the government of Vietnam’s target to increase the corporate bond market by enhancing a new investable asset class to the market to mobilise non-bank investors and diversify the investor base, with an increase in domestic institutional investors. The main identified development impacts are - access to capital markets for Vietnamese companies - increased participation of issuers and institutional investors in the Vietnamese local currency bond market and - greater market integration through competitive pressure, demonstration and replication, and market enabling channels. Investment details Name: Vietnam Debt Fund SPC Project number: 80000328 Region: Asia Country: Vietnam Sector: General fund Signing date (month/year): June 2021 Currency: USD Finnfund's financing (commitment): 15,000,000 Instrument: Loan Size of the project financing: USD 120,000,000 Share of Finnfund's financing (%): 16,70 % Status: Active Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year.June Read our transparency and disclosure policy More information: News Current investments Business sectors Contact us Key facts Name: Vietnam Debt Fund SPC Sector: General fund Region: Asia Country: Vietnam Currency: USD Finnfund's financing (commitment): 15,000,000 Signing date (month/year): June 2021 Last update: September 2021