DCGCapitalMarket (IFC-37669)

Countries
  • Vietnam
Where the impacts of the investment may be experienced.
Specific Location
Vietnam
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
May 13, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
DRAGON CAPITAL GROUP LIMITED
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jan 31, 2019

Disclosed by Bank Mar 29, 2016


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

The proposed project involves financing of up to US$50 million to Dragon Capital Group (“DCG”), a holding company for the Dragon Capital group of companies, with total assets of US$233 million as of December 2015, and its subsidiary Vietnam Debt Fund SPC (“VDeF”) and collectively with DCG, the “Company”).

The Company will use the funds to invest in bonds issued by medium to large Vietnamese companies. It would target the private and privatized, listed and unlisted, fast growing companies in need of financing to expand or refinancing situations. The proposed project targets to expand the width and depth of the corporate bond markets in Vietnam, to broaden the investor base of the Vietnamese bond markets, and to support and provide Vietnamese private sector companies with better access to capital.

Investment Description
  • International Finance Corporation (IFC)

Founded in 1994, DCG is the leading asset manager in Vietnam. Over the past 20 years, it has established itself as a strong brand among international and institutional investors, particularly in Vietnam, being the oldest foreign investment firm in the country. DCG manages funds across diverse asset classes, including public equity, bonds, private equity, and investments in focused sectors such as real estate and clean technology. Currently, it manages 7 funds with total assets under management of about US$1.25 billion. As of today, DCG is the only foreign manager in Vietnam with significant fixed-income operations through its subsidiary VDeF. DCG also offers investment banking services with an exclusive focus on the Vietnamese capital markets, through its affiliate – Hochiminh City Securities (HSC), the No-2 stock broker by market share.

Mr. Dominic Scriven and Mr. John Shrimpton have an interest in 35.9% and 34.6% of DCG, respectively. The remaining balance of the Company is held by current and former employees and staff.

Private Actors

Founded in 1994, DCG is the leading asset manager in Vietnam. Over the past 20 years, it has established itself as a strong brand among international and institutional investors, particularly in Vietnam, being the oldest foreign investment firm in the country. DCG manages funds across diverse asset classes, including public equity, bonds, private equity, and investments in focused sectors such as real estate and clean technology. Currently, it manages 7 funds with total assets under management of about US$1.25 billion. As of today, DCG is the only foreign manager in Vietnam with significant fixed-income operations through its subsidiary VDeF. DCG also offers investment banking services with an exclusive focus on the Vietnamese capital markets, through its affiliate – Hochiminh City Securities (HSC), the No-2 stock broker by market share.

Contact Information

Dragon Capital Group Limited
1501 Me Linh Point, 2 Ngo Duc Ke, District 1
Ho Chi Minh City, Vietnam
Mr. Pham Nguyen Vinh, Director - Corporate Communication
Mr. Dan Svensson, Director - Fixed Income
Telephone: +84 8 3823 9355
Fax: +84 8 3823 9366

General IFC Inquiries
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384
E Mail: Webmaster

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/