VinaCapital to capitalize on tourism projects

Leading asset management group VinaCapital yesterday said it will cash in on investment opportunities in a depressed real estate market, especially in the hospitality industry.

Investors discuss on the sidelines of the conference

At its third Investors’ Conference held in Ho Chi Minh City yesterday, the group presented Vietnam as an attractive destination for foreign investment.

More than 100 private investment firms and managers of many foreign corporations attended the conference.

Foreign investors shared their experiences and sought information on the investment environment in Viet Nam including macroeconomic policies, market situation and current trends.

They were particularly interested in infrastructure development, real estate, tourism and banking sectors.

A VinaCapital representative reported on its investment activities in 2008 and development plans for the coming year.

VinaCapital CEO Don Lam said his group always attached special importance to maintaining dialogues with foreign investors to help them clearly understand the local market and promote foreign investment in the country.

VinaCapital currently manages four investment funds including Vietnam Opportunity Fund, VinaLand, Vietnam Infrastructure Fund Limited and DFJ VinaCapital with a total value of US$1.9 billion.

By H.Ni, translated by Thanh Huong

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