The PVI Opportunity Fund (POF), a fixed-income investment fund managed by PVI Asset Management (PVI AM), has concluded its 10-year operation with strong financial results, underscoring its role in channeling long-term capital into Vietnam’s economy and reinforcing its position as a leading player in the domestic fixed-income market.
Launched in October 2015, POF was backed entirely by institutional investors in the insurance and financial sectors. The fund aimed to provide a stable flow of capital to Vietnamese enterprises while ensuring safety, predictable cash flows and long-term returns for investors through a portfolio focused on fixed-income assets including bank bonds, corporate bonds, valuable papers and defensive equities.
Over a decade, the fund’s size expanded from VND440 billion at inception to VND2 trillion by 2022. POF delivered an average gross return of 10.73% over its 10-year lifespan, 11.05% over the past five years and 10.5% over the past three years.
The fund distributed a total of VND1.125 trillion in annual cash dividends to investors, maintaining an average dividend yield of 9.5% per year. According to PVI AM, this consistent cash flow has been especially valuable to insurance companies, enabling them to meet claims obligations and strengthen risk buffers.
During its operational cycle, the fund invested in more than 30 strategic transactions, channeling long-term institutional capital to companies seeking growth financing, contributing to Vietnam’s broader economic development.
Speaking at the closing ceremony, Nguyen Tuan Tu, Vice Chairman and CEO of PVI Holdings and representative of the fund’s investors, said the fund’s performance demonstrated PVI AM’s disciplined investment approach and ability to navigate market cycles.
“These results affirm PVI AM’s professional investment management capabilities, disciplined risk governance and adaptive resilience,” Tu said. “The success of POF underscores the pivotal role of insurance institutions in providing long-term capital to support enterprise growth—contributing to Vietnam’s sustainable economic development and creating positive value for the community.”
PVI AM attributed POF’s success to several core strengths, including strict investment discipline, robust risk management practices and a team with extensive expertise in credit analysis, asset valuation and legal assessment.
The firm emphasized its value-based investment philosophy, grounded in evaluating business fundamentals and maintaining flexible asset allocation strategies in response to market conditions. This approach, PVI AM said, enabled the fund to minimize exposure to market volatility while optimizing returns.
POF’s track record has reinforced PVI AM’s standing among institutional investors, particularly in the insurance sector, which demands rigorous risk controls and consistent long-term performance from asset managers.
Building on the fund’s achievements, PVI AM plans to widen its offerings in 2026. The company will launch a new member fund aimed at the private debt capital market for financial and insurance institutions, along with a public open-ended bond fund designed for retail investors. The asset manager aims to strengthen its position as a top-tier provider in Vietnam’s fixed-income investment market.
Mr. Duong Thanh Danh Francois, Standing Vice Chairman of the Boards of Directors of PVI Holdings, PVI AM and representative of strategic shareholder HDI Global, said the company’s progress reflects international standards in governance and investment product development.
“With its professional team and the technical support from HDI Global and Ampega, PVI AM has established itself as one of Vietnam’s leading asset management companies,” he said. “HDI and Ampega remain committed to supporting PVI AM through capital, knowledge transfer, technology and global best practices.”
HDI Global SE and Ampega, both part of Germany’s Talanx Group, are strategic partners of PVI Holdings and PVI AM. HDI operates in more than 175 countries and ranks among Germany’s top three insurers, while Ampega manages more than €180 billion in assets as of 2025.
