Frontier and emerging markets (Vietnam)

Dylan Waller

Nomadic Equity

Equity Bottom-Up

Opportunity Overview<a href="https://www.smartkarma.com/entities/22678" target="_blank" data-smartkarma-citation="entities:22678:1">Vietnam Sun Corp</a>(Vinasun) has been a strong success story in Vietnam, transforming from its modest fleet of <a href="https://brokingrfs.cimb.com/qIquVB5lvNvLXszZ95InasYrw9bmc0FFbQa2-77esJnX9aiC4gVZOkOXBgS3bZ85e3uBv61YDuI1.pdf" target="_blank">27 cabs at the end of 2003</a> to over 6,000 cabs, making it one of the most dominant taxi companies in Vietnam.  Its only significant rival is Mai Linh, which has the strongest position in the northern market, and is also present in over 60 different cities in Vietnam.  Vinasun is heavily reliant on its activities in Ho Chi Minh City, which accounts for the majority of its…

Opportunity OverviewVietnam Sun Corp(Vinasun) has been a strong success story in Vietnam, transforming from its modest fleet of 27 cabs at the end of 2003 to over 6,000 cabs, making it one of the most dominant taxi companies in Vietnam.  Its only significant rival is Mai Linh, which has the strongest position in the northern market, and is also present in over 60 different cities in Vietnam.  Vinasun is heavily reliant on its activities in Ho Chi Minh City, which accounts for the majority of its…

Vinasun: Short Term Gloom, Long Term Opportunity