Illustrative image (Photo: xaluan.com)

Hanoi (VNA) - Mekong Capital's fourth fund Mekong Enterprise Fund III Limited Partnership (MEF III) plans to invest 112 million USD in Vietnam.

This was announced on May 16.

In the first three years, the fund is expected to make a total of 12 investments of between 8 million USD and 15 million USD over a period of 10 years in Vietnam.

The investment objective is to make a high profit on the capital recovery rate from local firms in the fields of retail, restaurant, consumer product and service.

The fund also invests in firms which carry out their businesses both online and offline, especially in the retail sector.

So far, Mekong Capital has been investing in firms with the fastest growth rate in Vietnam, such as Mobile World (MWG), Phu Nhuan Jewelry (PNJ), Traphaco (TRA) and Golden Gate, as well as Masan Consumer and ICP.

Chris Freund, founder and CEO of Mekong Capital Fund, said removing ownership limits for foreign investors will help MEF III carry out intensive investment in the local consumer sectors.-VNA