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
VND0 banks will attract foreign investors: economists
VietNamNet Bridge - Foreign investors will get big benefits if buying "zero dong" banks as the banks have customers and large networks nationwide. Tran Du Lich, renowned economist, in an interview given to the local press recently, said it is now the right time for the State Bank to quit zero-dong banks, i.e. banks it bought for zero dong. After a period of reshuffling, the banks have got stronger, and now they should be sold. Foreign investors will get big benefits if buying "zero dong" banks as the banks have customers and large networks nationwide. Ngo Huong, former rector of the HCMC Banking University, and Bui Quang Tin, now lecturer of the school, both agree with Lich, saying that if the central bank lets the banks go, investors would be able to buy the banks, thus helping accelerate the restructuring process. Tin pointed out some special characteristics of the zero-dong banks. First, the central bank, after taking over the zero-dong banks, has assigned the Big Three (three … [Read more...] about VND0 banks will attract foreign investors: economists
Better legal framework needed to attract foreign investors to road projects
HÀ NỘI - Financial experts have called for a better legal framework to curb policy-related risks so that projects, particularly road projects in Việt Nam, could be made more attractive to foreign investors. A member of the National Advisory Council on Finance and Monetary Policies, Lê Xuân Nghĩa, said at a talk last week that policy-related risks were the main issue concerning foreign investors to Việt Nam. The talk, organised by Giao thông (Transport) newspaper, highlighted the need to develop another North-South highway in Việt Nam and suggestions to mobilise funding for the road project. In the middle of this month, the Ministry of Transport submitted to the Government a scheme to build the North-South Highway from Hà Nội to HCM City, with total investment of about VNĐ230 trillion (US$10.2 billion). Deputy Minister Nguyễn Nhật said that construction of the highway, which would begin from the capital city and stretch more than 1,620 kilometres along the east of the country, would … [Read more...] about Better legal framework needed to attract foreign investors to road projects
Vietnam needs to accelerate reforms to attract foreign investors
Vietnam needs to accelerate reforms to attract foreign investors The Vietnam Business Forum (VBF) 2009 took place in Hanoi on Tuesday ahead of today's year-end Consultative Group (CG) Meeting for Vietnam. The Saigon Times Daily spoke with Simon Andrews, Regional Manager of International Finance Corporation (IFC) for Vietnam, Cambodia, Laos and Thailand, co-organizer of the VBF, about the highlights of the forum. Excerpts: The Saigon Times Daily: What is your perception of the current macroeconomic challenges that Vietnam is coping with? - Simon Andrews: This is a very important time for Vietnam and great opportunities lie ahead for the country. Vietnam's Government has been widely acknowledged by the business and investment communities for its decisive and effective economic stimulus measures which are yielding positive and stabilizing results. The global economy is showing signs of recovery and no doubt there will be some bumps ahead as we climb out of the recession, but East Asia is … [Read more...] about Vietnam needs to accelerate reforms to attract foreign investors