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VinaCapital to steer investment into property   2009-07-27 - Thanh Nien

Investment bank and fund manager VinaCapital plans to focus investment on food, consumer goods and real estate projects in the next few years, the company said recently.


VinaCapital CEO Don Lam said the three sectors were attractive in a country like Vietnam, with its large population and growing number of higher-earning young professionals.

The firm, which manages US$1.8 billion across four funds, will also continue investing in reliable areas that have already brought successful results to the firm, said Lam.

He told Thanh Nien Daily the largest fund manager in Vietnam had arranged and disbursed $1.5 billion in its five years of operations in the country.

The firm, which has poured capital in information technology, hotels and infrastructure projects, invested $4 million in Pho 24 fast-food noodles chain in 2006. In cooperation with Kinh Do Group, VinaCapital had also acquired Wall’s ice cream business from Unilever three years earlier.

Lam said he was hopeful for the future even as his company “has faced the economic downturn.”


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