NhanDan Online
April 16, 2008
International fund Vietnam Property Fund says it hopes to take advantage of the booming Vietnamese economy by listing on the alternative investment market (AIM).
According to local newspaper Daily Express, Vietnam Property Fund is expecting to raise US $100 million when it is put on the market on April 25.
Following the heading “Peace and prosperity in Vietnam”, the paper said that more than 30 years after the war, Vietnam is emerging as one of Asia’s economic success stories.
The daily applauded Vietnam’s high 7.5% economic growth for the past 10 years, saying the level is expected to be maintained during the next five years.
The paper claimed economic success is leading to an increased demand for real estate development and the Vietnam Property Fund is looking to invest in this area.
The fund will initially focus on investments in real estate companies.
In addition to its Vietnamese portfolio, the company is looking to invest up to 20% of its assets into real estate in neighbouring countries such as Laos, Cambodia and China, the paper reported. (VNA)
April 16, 2008
International fund Vietnam Property Fund says it hopes to take advantage of the booming Vietnamese economy by listing on the alternative investment market (AIM).
According to local newspaper Daily Express, Vietnam Property Fund is expecting to raise US $100 million when it is put on the market on April 25.
Following the heading “Peace and prosperity in Vietnam”, the paper said that more than 30 years after the war, Vietnam is emerging as one of Asia’s economic success stories.
The daily applauded Vietnam’s high 7.5% economic growth for the past 10 years, saying the level is expected to be maintained during the next five years.
The paper claimed economic success is leading to an increased demand for real estate development and the Vietnam Property Fund is looking to invest in this area.
The fund will initially focus on investments in real estate companies.
In addition to its Vietnamese portfolio, the company is looking to invest up to 20% of its assets into real estate in neighbouring countries such as Laos, Cambodia and China, the paper reported. (VNA)
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