Vietnam – Japan Fund: USD 100 million is initial

At the meetings of top leaders of FPT Corporation and SBI Holdings, the two sides agreed upon that USD 100 million staked in Vietnam – Japan investment fund is the initial step of cooperation. It is planned that the two parties will spare no efforts to complete disbursements of the initial fund within a year since the date of fund establishment. Then, more stakes will be continued. Besides fund management, they also discussed and raised practical cooperation in other areas such as banking service, stocks, internet and education and training.

Validity of the fund is 6 years and the grace period would be extended, Vietnam – Japan Investment Fund aims at long-term and highly growing investment opportunities.

Vietnam – Japan Investment Fund will actively join hands in the equalization of state owned enterprises, particularly in banking, finance and trade promotion in forecasted high growth industries such as life science, information technology, telecommunication and internet service.

Despite a new comer in the finance, FPT Capital’s agreement to establish member capital funds with big foreign partners shows its competence in taking confidence of local and foreign investors.

SBI Holdings supports FPT Capital in improving profession competence in line with international standards and practices. Experts say for the time being in Vietnam, management technology and personnel finalize 80% success to a financial company. With technological support since the foundation, FPT Capital will have comparative edges in competition with local capital fund companies and lure high quality workers.

Despite initial USD 100 million capital, this is the largest amount of investment in partnership with foreign partners in Vietnam. The financial strength will facilitate FPT Capital play large scale investment games in Vietnam.

SBI Holdings and FPT cooperation, FPT Capital in capital fund will make difference in forms of fund cooperation and it is expected to be resonant for both sides.

About SoftBank Investment Holdings:

SBI Holdings was former Softbank Finance, the financial backbone of Softbank Corporation – a Japan leading information technology. Alike, Softbank provides hardware, fixed telecom products, wideband infrastructure, internet based services and other I/T services. Since 1999, Softbank has deployed its strategy, extending hands in the finance so SBI Holdings establishment realizes the strategy.

SBI Holdings success rooted from the deep understanding of IT and internet to lever financial operations. In a short period, SBI Holdings has become a new modal financial corporation in Japan with 37 subsidies and 8 joint companies among which 9 subsidies are listed on stock market that together with SBI Holdings makes the total capital up Yen 1,819 – about USD 16 billion.