Few countries are better placed than Vietnam for consistent robust growth

What attracted you to this opportunity at VinaCapital?

Alex Hambly: For the last five years, I have been working as a member of the VinaCapital investment committee for VinaCapital’s flagship London-listed fund, VOF, and before that I knew the VinaCapital team from when I was leading the Prudential fund management team in Vietnam.

I have always admired their drive and ambition, and I believe they have the right strategic approach for a market like Vietnam. It’s the only investment management company in the country that participates in all of the major asset classes, from listed and private equity, venture capital, energy and infrastructure, and real estate.

It has a long track record of delivering returns to investors. I am looking forward to applying my expertise, particularly in private equity, and working with the team to continue building on this successful legacy.

You lived and worked in Vietnam 17 years ago. Why was it interesting for you to come back now?

Alex Hambly: I fell in love with Vietnam when I first visited in 2001 and I have thoroughly enjoyed my time in Vietnam since. Whilst I have moved on to other locations, the country has always remained close to my heart.

The amount of change that has occurred since I last lived here is extraordinary, and the country is now on the radar of investors around the world – it has a very compelling story. This role enables me to contribute to the growth of both VinaCapital and Vietnam.

Can you share how your previous experiences have prepared you for the role of CIO at VinaCapital?

Alex Hambly: In addition to working in my home country, the UK, I’ve been very fortunate to have had the opportunity to work in Vietnam, India, and Singapore. Every role was unique and fulfilling in different ways, but together they have given me a strong foundation in both strategic investment and operational management.

Working with diverse investment portfolios across different markets has equipped me with a deep understanding of both the global and local markets. I’ve also worked with a diverse group of people, leading teams in high-pressure environments through collaboration and innovation.

I believe these experiences have prepared me to take on the challenges at VinaCapital and help lead the firm towards achieving its strategic goals at this important time in its history.

How do you view the current global economic climate and how does it affect VinaCapital's investment decisions?

Alex Hambly: The current global economic climate is characterized by significant uncertainty, driven by geopolitical tensions, inflationary pressures, and the aftereffects of the pandemic. These factors have led to heightened market volatility and shifting investor sentiment.

VinaCapital recognizes the importance of being agile and adaptive in such an environment. We closely monitor macroeconomic indicators and geopolitical developments and adjust our investment strategies accordingly.

Our focus is on building a diversified portfolio that can withstand economic shocks and capitalizing on sectors that are resilient or counter-cyclical.

For instance, we see potential in the renewable energy and technology sectors in Vietnam, which are less susceptible to traditional economic cycles and offer growth opportunities in a transforming global landscape.

What opportunities do you see in the Vietnamese market and how do you capitalize on them as the new CIO?

Alex Hambly: In survey after survey, Vietnam ranks as the top or preferred APAC destination for companies considering expansion and investment in the region. There are very good reasons for that, namely vibrant economic growth, ongoing business-friendly reforms, low labor costs, and beneficial demographics.

These and other factors are attracting a steady flow of foreign direct investment from multinational corporations, who are eager to capitalize on Vietnam’s geographic location near Asia’s key high-tech supply chains and its access to wide range of markets thanks to 18 free trade agreements with partners around the world, including the US.

In addition, once Vietnam’s stock market is upgraded to emerging market status, the World Bank estimates the country will see an additional $25 billion in new foreign capital flow into Vietnamese stocks by 2030. Few countries are better placed than Vietnam for consistent robust growth for the foreseeable future.

As the CIO of VinaCapital, it is my responsibility to uncover new ways to capitalize on these trends for our investors.

I believe we are very well positioned to continue delivering robust long-term investment results and strengthening our reputation as the trusted partner for investing in Vietnam for both local and international investors.

What challenges do you foresee in the next year or so in terms of investments?

Alex Hambly: One of the primary challenges in making good investments is navigating the inherent uncertainty and volatility of financial markets. This requires a deep understanding of market dynamics and the ability to anticipate and respond to economic shifts. Another challenge is ensuring that our investment decisions align with our commitment to sustainability and ethical investing.

Additionally, the increasing complexity of global markets and regulatory environments requires a high level of expertise and adaptability. Our disciplined approach and robust risk management practices position us well to deliver consistent returns for our investors.

Balancing short-term performance pressures with long-term strategic goals is always a challenge, requiring continual communication with our investors to align expectations and maintain trust.