Vietnamese businesses attend Invest in Asia 2014
(VOV) - Seven Vietnam businesses participated in the – Invest in Asia 2014 – conference held in Singapore on April 1-2, discussing advantages and opportunities of investing in Asia with the roughly 100 representatives from foreign investment funds and financial institutions in attendance.
Prominent Vietnamese business attendees in the conferences included Bao Viet Group (BVH), Cotec Construction Joint Stock Company (CTD), Hau Giang Pharma Corporation (DHG), Gemadept Corporation, Hoang Anh Gia Lai (HAG), Nam Long Investment Joint Stock Company and Vingroup (VIC).
A representative from Bao Viet Group said that the participation of nearly 30 high profile investment funds and foreign financial institutions including France’s BNP Paribas Investment Partners, Japan’s Nomura Asset Management and Nikko Asset Management Asia Ltd, the US’ JP Morgan Asset Management and Oracle Management shows a strong desire to learn about investment opportunities in Vietnam.
According to Nguyen Vinh Tran, general director of Nam Long Investment Joint Stock Company,the company’s involvement in the event aimed to mobilize capital for the first phase of a US$50 million urban development project in Long An to be implemented later this year.
He unveiled the company’s long term plan to get listed on Singapore’ securities stock exchange after first securing a firm foothold in the marketplace and attract capital sources from overseas for national development.
A Gemadept group representative – a leading logistics and port operator said he received an invitation to work with over 20 foreign investment funds, mostly from Japan such as Kasikorn Asset Management Co. Ltd, Tokio Marine Asset Management International.
Bui Thi Thu Huong, the group’s financial director said that this creates an excellent opportunity for the group to approach foreign investors and devise proper investment plans for the future. She added that 2014 is the year for Vietnam to open its door to logistics businesses and Gemadept wants to seek a strategic partnership in this sphere.
John Chong, MaybankKim Eng Group CEO said that 70 companies from six ASEAN members joined the event with the aim of raizing investors’ awareness about ASEAN and increase investment in the regional grouping
President and Chief of Executive of Maybank Group, Datuk Abdul Farid Alias spoke enthusiastically about the fact that the ten ASEAN members have created the world’s fastest growing region with over 3,000 listed companies with total capitalization of up to US$2.300 billion.
Regarding Vietnam’s market potential, John Chong said that the group formed an affiliated subsidiary in Vietnam in 2008 and highly anticipates bringing the total investment into the country to US$30 million in the future.