"Vietnam is an attractive investment destination," said Don Lam, CEO of VinaCapital, an investment fund managing more than $4 billion and with more than two decades of attracting foreign investment into Vietnam.
International investors are present at Park Hyatt Hotel (HCMC) to seek investment opportunities in Vietnamese enterprises - Photo: BONG MAI
Investors "bustling" to Vietnam to find capital investment opportunities
The 2023 Investor Conference organized by VinaCapital took place today, October 3, attracting 150 international investors, the largest number since the first conference took place 18 years ago.
Mr. Don Lam - co-founder and general director of VinaCapital Fund - said that the US President 's visit to Vietnam has contributed to promoting international capital flows into our country.
"They send money to manage and invest, I share with them potential fields," he said.
Accordingly, many foreign investors are currently very interested in Vietnamese enterprises operating in the high-tech industry, semiconductor chip manufacturing , renewable energy, education, healthcare...
Andy Ho, General Director of VinaCapital Investment Council, said that he recently had the opportunity to meet many investors in New York (USA), during Prime Minister Pham Minh Chinh’s visit to the NYSE. This helped him see more clearly the growth potential of foreign capital flows into our country.
Welcoming foreign investors at the event were a series of leaders of large listed enterprises in Vietnam such as: Mr. Tran Hung Huy - Chairman of Asia Commercial Bank (ACB), Mr. Le Duy Hiep - Vice Chairman of Transimex, Ms. Tran Phuong Ngoc Thao - member of the board of directors and Mr. Le Tri Thong - General Director of Phu Nhuan Jewelry Company (PNJ), Mr. Vu Thanh Trung - member of the executive board of Military Bank (MBBank)...
Experts from VinaCapital, a $4 billion asset management fund, said Vietnam is an attractive economy for foreign investors to invest in - Photo: BONG MAI
Vietnam's economy is attracting foreign capital.
"Vietnam's economy is very attractive to investors," said Mr. Andy Ho.
Specifically, it is estimated that next year GDP growth will reach 6-7%, equivalent to the average of the past 10 years. Even during stressful times like the COVID-19 pandemic, our country's GDP still grows well.
Next, in just the first three quarters of this year, Vietnam had a trade surplus of nearly 21.7 billion USD. It is expected that from now until the end of the year, American and European distributors will increase their orders of goods in Vietnam, boosting export growth.
Recently, many people have been worried and comparing the real estate markets of Vietnam and China, but investment fund experts say there are clear differences.
For example, the real estate market share/GDP in Vietnam is at 8%, while China is up to 20% and has many uninhabited "ghost cities". The housing vacancy rate in Vietnam is -5%, China is positive 25%.
Another positive point is that this year, FDI capital poured into Vietnam is about 20-25 billion USD, showing that foreign investors have confidence in the market, labor, infrastructure... in our country.
However, it should be noted that to increase attractiveness to large investors such as Apple, Samsung..., Vietnamese workers need to have higher qualifications, carry out research and production work, and move up the value chain, instead of just processing.
At the same time, Mr. Andy Ho emphasized that the Government's implementation of many measures to stabilize the macro economy has become a plus point for Vietnam. Typically, the State Bank is keeping the USD/VND exchange rate stable to protect foreign investors.
VinaCapital CEO Nguyen Hoai Thu said that although the stock market has strong fluctuations in the short term, in the long term this is still an attractive channel for domestic and international investors.
Tuoitre.vn
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