Steve Bates named Chairman at VinaCapital Vietnam Opportunity Fund

VinaCapital Vietnam Opportunity Fund, the AIM-listed investment company established to target key growth segments within Vietnam, has appointed Steve Bates as Chairman of the company.

Bates, whose appointment came into place on May 1st, succeeds Bill Vanderfelt, who retired as Chairman and is leaving the board.

Incoming Chairman Bates stated: "We thank Bill for his significant contribution to the company over the years. He has been involved in the company since its early days and has been an important influence on good practice as it has grown. He has now decided to retire and the board wishes him well as he leaves the stage."

VinaCapital Vietnam Opportunity Fund's share price was up 0.36% to $2.08 at 12:25 on Tuesday.

MF