Vietnam News Network

Singapore based investment firm Temasek Holdings (Private) Limited has officially received a licence to open its representative office in the capital city.

The new office will enable Temasek to foster closer working ties with Vietnamese business partners in the northern areas and its expanded presence reinforces its commitment to Viet Nam as a key market in the region, says Derek Lau, Chief Representative of Viet Nam.

He said Temasek looks to take full advantage of being present in the two major cities of Viet Nam by exploring further partnerships and investment opportunities in the country.

Temasek first established its presence in Viet Nam in 2005 through a representative office in HCM City.

Incorporated in 1974, Temasek Holdings is a global investment firm that holds and managed a S$185 billion (US$134 billion) portfolio as of 31 March 2008, concentrated principally in Singapore, Asia and the OECD economies.

Temasek’s investment strategies are centred around transforming economies, growing middle class and deepening comparative advantages. Its portfolio of companies are in nine major sectors: financial services; telecommunications and media; transportation and logistics; real estate; infrastructure, industrial and engineering; energy and resources; technology; life sciences; and consumer and lifestyle.