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Tuan Anh Le becomes lead manager for Vietnam Enterprise Investments


Vietnam Enterprise Investments Limited (VEIL) has announced that Mr. Tuan Anh Le (Tuan) has been appointed as the lead portfolio manager, stepping up from deputy manager, with effect from 1 February 2024. Tuan succeeds Mr. Dien Vu Huu (Dien) who is moving to a new role at Dragon Capital.

Tuan joined Dragon Capital as a Senior Analyst in 2006 and was promoted to Deputy Portfolio Manager of VEIL in 2010. In 2013, Tuan was appointed as Deputy Portfolio Manager of a mandate for a large sovereign wealth fund investing in listed Vietnamese stocks. In 2016, he took over as Portfolio Manager of that mandate. Under his management, the US$600m+ portfolio outperformed the VNI six years out of seven and had an annualised total gross return (in US$) of 12.77% during his tenure, exceeding the VNI’s 8.90%. Tuan has a Masters of Corporate Finance from the University of Economics in Ho Chi Minh City,

Dien has spent 24 years with Dragon Capital and the last 12 years as VEIL’s Portfolio Manager. During his time as its manager, VEIL achieved an annualised total net return (in US$) of 13.19%, surpassing the VNI’s 11.89%. Dien felt now was the right time to trigger his succession planand will focus initially on supporting the transition of Tuan to the new lead portfolio manager role of VEIL. Then he will take up two responsibilities: the origination of IPOs, Pre-IPOs, and Private Placements across Dragon Capital’s funds, and the related development of the Manager’s domestic High Net Worth business.

In his role as lead manager, Tuan will continue to benefit from the expertise and experience of the current Deputy Portfolio Managers Tuan Bui Minh and Thao Ngo Thanh, both of whom will take on expanded responsibilities within the team. They have been with VEIL since 2017 and 2014 respectively, and have worked closely with Tuan in the past.

Comments from Gordon Lawson, chairman of VEIL

“The Board of VEIL is delighted to welcome Tuan as Lead Portfolio Manager to VEIL. The Board  is confident that, with his knowledge of VEIL as former Deputy PM of VEIL, and his strong long term outperformance generated through Dragon Capital’s investment process and platform, he and his team will continue to manage VEIL’s portfolio for the benefit of shareholders.

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