VI (Vietnam Investments) Fund III, L.P. (ADB-49267-001)

Regions
  • East Asia and Pacific
Where the impacts of the investment may be experienced.
Countries
  • Cambodia
  • Laos
  • Myanmar
  • Thailand
  • Vietnam
Where the impacts of the investment may be experienced.
Specific Location
Regional
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
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
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
Nov 15, 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
VI (Vietnam Investments) Fund III, L.P.
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)
Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 20.00 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)
$ 20.00 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 @ ADB website

Updated in EWS Sep 16, 2019

Disclosed by Bank Jun 12, 2019


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Project Description

According to the bank document, an equity investment of up to $20 million in a $250 million multi-sector private equity (PE) fund focusing on growth stage middle-market companies (MMCs) in the Greater Mekong Sub-region (GMS). The fund would invest in Viet Nam, Cambodia, Lao PDR, and Myanmar.

The Fund will be established to make equity or equity-linked investments focusing on the following sectors: (i) healthcare; (ii) education; (iii) manufacturing and distribution of fast moving consumer goods (FMCG); (iv) retail; and (v) transportation and logistics.

The fund aims to provide primarily growth capital and technical expertise to fast-growing middle-market companies and SMEs with the potential to gain or consolidate significant market share in their respective industries.

Investment Description
  • Asian Development Bank (ADB)

Ordinary capital resources US$ 20.00 million

Private Actors
Contact Information

Responsible ADB Department Private Sector Operations Department

Responsible ADB Division Private Sector Investment Funds & Special Initiatives Div

Responsible ADB Officer Teo, Yee Hean

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main