| Organization: |
Mekong Enterprise Fund II, Ltd |
HO CHI MINH CITY, VIET NAM (23 March 2009) – Mekong Capital announced today that Mekong Enterprise Fund II, Ltd (“MEF II”) committed to invest of US$6,000,000 into Vietnam Australia International School (“VAS”).
Mr. Pham Tan Nghia, Chairman of VAS, said: “The strategic partnership with an international institution such as Mekong Capital will certainly enhance the overall management capability of VAS to the next level, and at the same time improve the quality of teaching and learning at our schools to match that of internationally recognized organizations.”
Expressing his enthusiasm about the investment, Dr. Thomas Lanyi, Mekong Capital’s Director of Investment, comments: “We are excited to partner with VAS, sharing a mutual commitment to contribute positively to Vietnam’s future generation. VAS provides high quality education to Vietnamese families and children and as such, empowers today’s children to reach their dreams. VAS as an organization is led by an exceptional leader, who has successfully built a platform to realize its long-term objectives. We are proud to be VAS’ partners.”
About Vietnam Australia International School
VAS was founded in 2004 by Mr. Pham Tan Nghia. The Company owns and operates a chain of 12 schools ranging from Kindergarten to high school. All of their campuses are located in Ho Chi Minh City. VAS focuses on providing education to the rising number of middle class Vietnamese families in the South of Vietnam. At the end of 2009, their approximate enrollment was 5,000 students.
VAS conducts a bi-lingual curriculum. The Vietnamese curriculum is based on the guidelines of the Vietnam Ministry of Education. The English curriculum was developed internally leaning on successful programs from other countries such as Australia and the United States of America.
VAS is widely recognized for successfully providing high-quality education in a safe, caring and stimulating environment. Its students consistently rank among the most successful (in terms of grade average) nationwide. VAS appeals to parents as it not only teaches at an international standard and ensures their kids’ integration with a global community, but also maintains the core Vietnamese values.
For more information on Vietnam Australia International School, please visit the company’s website at http://www.vas.edu.vn/
About Mekong Enterprise Fund II, Ltd
The $50 million Mekong Enterprise Fund II is a private equity fund focusing on equity investments in unlisted companies. The Fund aims to make investments in well-managed, fast-growing, private Vietnamese companies. VAS will be the 9th investment of the Fund.
The Investment Manager of the Fund is Mekong Capital. The Investment Manager partners with the Fund’s investee companies to set long-term vision and plans to achieve that vision, as well as work closely with them to achieve the targets of the set plans. For information on Mekong Capital, please visit the company’s website at http://www.mekongcapital.com.
Contact:
Truong Dieu Le Director of Operations Mekong Capital
E-mail: info@mekongcapital.com
|
News Online
