Why didn’t VinaCapital proceed with its investment in Ba Huan? I think someone told me once that there is no such thing as bad PR....clearly we got a lot of PR attention from this and I hope potential investors will come to appreciate that VinaCapital takes investments very seriously and professionally. Since we manage other people’s money, we do our best to protect their money and achieve the highest risk adjusted return. In this case, we wanted to resolve the problem and PR noise quickly because it was distracting. It distracts us from doing other great investments and it distracted the CEO and our current and past investments. Therefore, we think that these CEO’s time and our time can be better spent building great businesses and hiring more people than to be distracted by this case. Do you think the current cancellation can have a negative impact on other Vietnamese companies that are trying to raise foreign capital but still lack experience? Will this affect … [Read more...] about The potential of Vietnamese companies is attracting foreign investors
Attracting foreign investors
Vietnam hotel market attracts foreign investors
The hotel market has been growing quickly, with the number of projects developed by foreign investors and managed by foreign brands increasing from 30 in 2010 to 79 by the end of 2017. Vietnam's hotel market attracts foreign investors Mauro Gasparrotti of Savills Hotels Asia Pacific said that the Vietnam market has great potential in the resort market segment, which will continue to interest investors and managers. The strong development of tourism has given a push to the Vietnam hotel market. According to the Vietnam National Tourism Administration (VNAT), 6,708,428 foreign travelers visited Vietnam in the first five months of the year, an increase of 27.6 percent compared with the same period last year. South Korea is the fastest-growing market for Vietnam (62.1 percent), with 1,441,756 South Korean travelers in the first five months. Vietnam has been seeing a strong rise of a new accommodation type – condotel – in the last two years. Savills Hotels estimated … [Read more...] about Vietnam hotel market attracts foreign investors
Transparency helps Vietnam banks draw foreign investors
Healthy domestic banks should focus on improving the transparency in their audited financial statements to attract foreign investors as some banks have recently succeeded with the strategy, experts suggested. Techcombank was listed on the bourse at VND128,000 per share early this month. - Photo VNA Recently, the market has seen the shares of some banks, such as Techcombank and VPBank, draw large interest from foreign investors. At the beginning of June, the stock market witnessed one of the hottest listings in 2018 with great attention by foreign investors when Techcombank (coded TCB) listed on the bourse at VND128,000 (US$5.61) per share. Techcombank CEO Nguyen Le Quoc Anh attributed the deal’s success to the bank’s efforts in improving the transparency in its audited financial statements. According to Anh, Techcombank started to prepare for the listing three years ago, and the bank only targeted major foreign investors. The first thing the bank did to implement … [Read more...] about Transparency helps Vietnam banks draw foreign investors
Transparency helps VN banks draw foreign investors
Healthy domestic banks should focus on improving the transparency in their audited financial statements to attract foreign investors as some banks have recently succeeded with the strategy, experts suggested. Recently, the market has seen the shares of some banks, such as Techcombank and VPBank, draw large interest from foreign investors. At the beginning of June, the stock market witnessed one of the hottest listings in 2018 with great attention by foreign investors when Techcombank (coded TCB) listed on the bourse at VND128,000 (US$5.61) per share. Techcombank CEO Nguyen Le Quoc Anh attributed the deal’s success to the bank’s efforts in improving the transparency in its audited financial statements. According to Anh, Techcombank started to prepare for the listing three years ago, and the bank only targeted major foreign investors. The first thing the bank did to implement the plan was to prepare its financial statements in 2015, 2016 and 2017 in line with the … [Read more...] about Transparency helps VN banks draw foreign investors
EVNNPT contributes to luring foreign investors
(VEN) - Ensuring stable supply of electricity to major industrial zones (IZs) nationwide is one of the important tasks of the National Power Transmission Corporation (EVNNPT), a one-member limited liability company under Electricity of Vietnam (EVN). EVNNPT has been contributing to attracting foreign investors and promoting Vietnam’s economic development. EVNNPT installs additional transformers for industrial parks in Bac Ninh Province A report by the Ministry of Planning and Investment shows that there are 325 IZs in Vietnam, more than 220 of which have begun operation with an occupancy rate of over 73 percent. Many IZs are of large scale, with a sizable number of foreign investors, and their demands and requirements for infrastructure and electricity have increased. EVNNPT recently put into operation two 220kV transformers totaling 500MVA in capacity to meet the increasing electricity demand of IZs in Bac Ninh Province, including the Yen Phong IZ that is home to two … [Read more...] about EVNNPT contributes to luring foreign investors