Vietnam emerges as attractive Asian market riding on macro reforms, growth

A panel about SOE equitisation at the conference.

Vietnam has become an increasingly attractive emerging market of Asia thanks to its impressive economic growth coupled with progress on state-owned enterprise (SOE) reform and regulatory changes, opined experts at an investment conference on Wednesday in Hanoi.

Vietnam, located in the favourable geographic area of Southeast Asia, has taken the advantages of the growth opportunities to become one of the most attractive emerging markets, said Tony Shale, head of Euromoney Institutional Investor PLC in Asia, at a conference, co-hosted by the Vietnam Ministry of Planning and Investment and business and finance magazine Euromoney.

Boasting a 6.28 per cent growth in the first half of 2015, plus the proactive economic integration through free trade agreements, overseas investors are keeping their eyes open for this country, particularly for opportunities in real estate and infrastructure, agriculture, SOE equitisation and capital market sectors.

Bui Quang Vinh, Minister of Planning and Investment, promised to create more favourable conditions for investors and at the same time to improve the country’s competitiveness even as Vietnam has privatised hundreds of local state-owned entities since 2011 and slashed the foreign ownership limit in various firms.

According to Prime Minister Nguyen Tan Dzung, the Vietnamese capital market is of a small scale. Therefore, such investment incentives are expected to drive investors’ attention into Vietnam.

“Notwithstanding the overall challenges of the global economy, Vietnam has retained economic growth of around six per cent over the past five years,” Dzung addressed the conference, saying the GDP growth of the country is anticipated to touch 6.5-7 per cent during the 2016-2020 period.

“I believe Vietnam at the moment is a great opportunity for foreign investors to make investments,” he said.

Also read: 

Vietnam hits investors’ search for growth: Mark Decker

Vietnam among most attractive investment destinations: Aaron Batten, ADB

Vietnam records 8.4% rise in FDI inflows at $9.6b

Vietnam hastens IPOs of state-owned firms

More action required to achieve Vietnam’s privatisation goals: World Bank

Vietnam lifts foreign holding limit in cos, qualifies for emerging market status

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.