Vietnam

VinaCapital Vietnam Fund Is Upgraded To Article 8 Status

VinaCapital Fund Management JSC (“VinaCapital”) is pleased to announce that the UCITS sub-fund under its management, the Forum One-VinaCapital Vietnam Fund (VVF), has been upgraded to Article 8 status under the European Union’s Sustainable Finance Disclosure Regulation (SFDR), which reflects the integration of Environment, Social, and Governance (ESG) data and analysis in its investment process.

Ms Thu Nguyen, Managing Director and Head of Investment, Public Equities and Fixed Income at VinaCapital, commented: “We are gratified to receive the upgrade to Article 8 status. We have developed a comprehensive set of criteria and methodologies to evaluate ESG at the companies we invest in, including a proprietary internal ESG rating system which we use for all of the companies in the VVF UCITS portfolio as well as our other equity funds. Additionally, we regularly engage with the management of the companies we invest in to help them improve their ESG policies and promote international best practices in Vietnam. Given that data providers such as MSCI, Morningstar, Sustainalytics, and others are not present in Vietnam, the upgrade to Article 8 status is a testament to the analysis performed and processes implemented by VinaCapital.”

VVF’s upgrade to Article 8 status will be effective from 9th October 2023.

Enacted by the EU in 2021, the SFDR provides transparency framework for asset managers and other financial market participants with respect to sustainability and ESG disclosures.