Investment funds eye Vietnam

Source: VNA

15:19 | 08/11/2024 Import-Export Follow english.haiquanonline.com.vn on

Several large foreign investment funds are considering expanding investments in Vietnam to capitalise on the country’s rapid socio-economic development and green transition.

Pork packed at Masan MeatLife, a subsidiary of Masan Group. Several large foreign investment funds are looking to expand investments in Vietnam. (Photot: VNA) — *ork packed at Masan MeatLife, a subsidiary of Masan Group. Several large foreign investment funds are looking to expand investments in Vietnam. (Photot: VNA)*

Kohlberg Kravis Roberts (KKR), a US investment fund with a total asset of around 47 billion USD) which has poured more than 1.5 billion USD into Vietnam in recent years, expects to increase its investments in the country.

KKR has invested in education services provider EQuest to provide high-quality education solutions, as well as contribute to the development of a skilled workforce in Vietnam. In addition, KKR has invested 250 million USD in Masan Group and Massan Nutri-Sicence.

Recently, Abu Dhabi Investment Authority (ADIA) – the fourth largest investment fund in the world, managing 830 billion USD worth of assets – said it too is looking to expand investments in Vietnam.

In Vietnam, ADIA has invested in The CrownX through Platinum Orchid company, together with San Francisco-headquartered investment fund TPG and Singapore-based SeaTown Holdings International to acquire stakes at Masan.

The world’s largest investment fund Blackstone, with total assets of more than 1,000 trillion USD, also wants to strengthen investments in Vietnam.

The Vietnamese Government is actively calling for investments in the green energy, semiconductor, electronics and agriculture sectors.

The latest updates of the General Statistics Office showed that Vietnam attracted 27.26 billion USD worth of foreign investment in the first ten months of this year, an increase of 1.9% over the same period in 2023.

A total of 19.58 billion USD has been disbursed in the period, up 8.8%./.

Source: VNA

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