'Shark' managing assets of 128,000 billion VND is about to go public

As of May, Dragon Capital advised and managed assets of about VND128,000 billion, equivalent to USD4.9 billion.

Mr. Dominic Scriven is currently Chairman of Dragon Capital - Photo: DC

Dragon Capital Vietnam Investment Fund Management Joint Stock Company (DCVFM) has just announced a resolution of the board of directors, approving the registration of centralized depository of shares at the Vietnam Securities Depository and Clearing Corporation (VSD) and registration of stock trading on the UpCOM floor.

Specifically, this investment fund will put more than 31.2 million outstanding shares, equivalent to 100% of the shares, on UpCOM trading. The company will close the shareholder list to register, deposit at VSD and register for trading on December 4.

According to the public company information announcement, Dragon Capital, formerly known as Vietnam Securities Investment Fund Management Joint Venture Company (later renamed Vietnam Investment Fund Management Joint Stock Company), was established in July 2003 with an investment capital of 16 billion VND.

In 2009, the company converted to a joint stock company with a charter capital of 100 billion VND. Owner's equity is nearly 856 billion VND, calculated as of June 30, 2025.

As of August 15, the two largest shareholders of this fund are Dragon Capital Markets (Europe) Limited holding 48% and Dragon Capital Management (HK) Limited owning 39.95% of shares.

Regarding business activities, pre-tax profit in 2024 is nearly 297 billion VND, down 20% compared to 2023.

In the first half of this year, the fund achieved nearly 70 billion VND in pre-tax profit, down 60% compared to the same period last year. In 2025, the company aims to achieve more than 1,162 billion VND in net revenue (up 9.57%), and after-tax profit of 244 billion VND (up 3.68%).

This company introduces itself as the market leader in terms of the number of funds and the size of the net assets mobilized (NAV), accounting for 59% of the total NAV of public funds in Vietnam in 2023. As of May 2025, the total asset size that the fund is consulting and managing is about 128,000 billion VND, equivalent to 4.9 billion USD.

Dragon Capital is a fund with a large market share - Source: DC

The Chairman of Dragon Capital's Board of Directors is Mr. Dominic Timothy Charles Scriven, who owns 210,750 shares, equivalent to nearly 0.68% of capital. Mr. Dominic has also been the Director of Dragon Capital Group since 1994.

Mr. Dominic is also Chairman of the Board of Directors of SVK Herbal Joint Stock Company and Eo Xoai Eco -tourism Joint Stock Company, Director of Wildlife at Risk.

Dragon Capital Vice Chairman is Mr. Tran Thanh Tan, who owns 629,674 shares, equivalent to nearly 2.02% of capital. Mr. Tan is also the Director of Dragon Capital Group and Max Return Capital Holdings.

The General Director and legal representative of Dragon Capital is Mr. Le Anh Tuan.

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Source: https://tuoitre.vn/ca-map-quan-ly-khoi-tai-san-128-000-ti-dong-sap-len-san-chung-khoan-20251203174108253.htm