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Company Response

28 Apr 2015

Dragon Capital Group & Vietnamese Enterprise Investments response

The allegations concerning IFC’s interest in Dragon Capital relate to investments formerly made by Dragon-managed funds in Hoang Anh Gia Lai (HAGL), a publicly-listed Vietnamese company with investments in Cambodia and Laos. We note that the funds in question did not hold any investments in HAGL as at the date of the report, and do not hold any investments in HAGL at the present time. We also note that Oxfam did not contact Dragon Capital prior to release of the report and so did not seek to verify the statements as to alleged current investments in HAGL.

The position is the same for Vietnamese Enterprise Investments (VEIL).

Part of the following timelines

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Book documents indigenous peoples' experience with access to remedy for corporate abuses