New foreign investment wave forecast to flow into Vietnam

The Hanoitimes – Vietnam is shining bright on foreign funds` radar. Vietnam expects to receive a large foreign investments flowing into its markets in the near future after many big institutional investors have recently come to the country to explore investment opportunities. A close source, which declined to be named, revealed that among the investors, one is out of the world’s Top 5 largest management funds with total assets under its management reaching up to US$2.5 trillion. The investment size of the investor is many times bigger than that of other peers who used to invest in Vietnam’s stock market.   Warburg Pincus invested over US$370 million in Techcombank last year This strong interest of foreign investors in the Vietnamese market is the same as seen in 2017 when they prepared to pour a large amount of capital in the country, the source said, adding he expected to see the same inflow to the country in the near future. After showing high interest in the Vietnamese stock market through having many meetings with local competent authorities in 2017, many foreign funds, including world’s leading ones such as KKR and Warburg Pincus, invested heavily in Vietnam. Warburg Pincus invested more than US$370 million in Vietnam Technological and Commercial Joint Stock Bank (Techcombank) while KKR also injected US$250 million in Masan Group. Such interest pushed foreign investors to net purchase VND46.7 trillion (US$2.05 billion) in the Vietnamese stock market in 2017, making it gain a 10-year high and become the third fastest-growing… [Read full story]