Franklin Templeton's Mark Mobius commits $3b for investments in Vietnam

Mark Mobius, chairman of Franklin Templeton Investment. Visual from the fund's blog.

Mark Mobius, emerging markets fund manager and chairman of US-based Franklin Templeton Investments, has pledged to earmark a whopping $3 billion investment in Vietnam, while the fund has so far spent $300 million in this Southeast Asian market.

Mobius did not give a clear timeline for the investment commitment as the fund was still looking at the state-owned enterprises equitisation of the Vietnamese government, and expected the process will be more drastically implemented to generate more appealing offers to investors, according to reports in local media.

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