Hoaang Viet Anh, deputy general director of FPT Corp. — Vietnam News
HO CHI MINH CITY: Green and clean development, including renewable energy and carbon credits, and semiconductors, are among the sectors in which Vietnam is attracting the most interest from foreign investors, according to VinaCapital Group.
VinaCapital opened its 2024 Investor Conference in Ho Chi Minh City on Oct 8, with some 130 guests from five continents in attendance.
The two-day conference features a number of speakers representing a wide range of industries and sectors, from tech startups to established industrial companies and banks.
Discussions at the conference mainly focus on economic and stock market outlooks, policies driving Vietnam’s future growth, domestic consumption trends, banking and real estate sectors, updates on VinaCapital’s funds, its next chapter in venture capital: VCVCF and VinaLiving, its real estate development brand, renewable energy and carbon credits.
The sessions feature senior executives from VinaCapital and guest speakers, including chief executives and senior executives from a range of companies, including FPT Smart Cloud, GHC Strategy & Communications, Cimigo, OCB, Nam Long Group and Validus.
Attendees also have the opportunity to visit FPT Corp’s city campus to learn more about the tech company’s work.
Don Lam, chief executive and founding partner of VinaCapital Group, noted that the number of participants this year is 20% higher than that of the preceding year, showing their interest in the Vietnamese market, which is witnessing more positive signals.
Lam said: “The world has seen a great deal of change in the past year. Geopolitical tensions are as high as ever and the near-term outlook for the global economy is uncertain.
“Yet Vietnam’s resilience, optimism and determination to move forward and develop sustainably continues to offer international investors a wide range of very compelling opportunities.
“We look forward to sharing more about these opportunities as well as how we believe VinaCapital is the best positioned investment management company to access them.”
Alex Hambly, VinaCapital’s chief investment officer, highlighted three factors driving Vietnam’s long-term growth: investment-led industrialisation, a rapidly expanding middle class, and a wave of production shifts to friendly countries.
The stock market remains firmly on a growth path in the long term due to Vietnam’s positive economic prospects, stable exchange rates, good control of inflation, an increase in foreign tourists, strong credit and export growth and low interest rates. — Viet Nam News/ANN
