A project of Vinhomes in Hoa Binh (Source: VNA) Hanoi (VNA) – Domestic and foreign investors are pouring money into Vietnam, attracted bystrong economic growth and a slew of sales by state-owned and privatecompanies, according to the Reuters.
Accordingly, Capital Research and ManagementCompany, Dragon Capital and Mirae Asset Global Investments have devised plansto take up about three-quarters of stakes in the upcoming initial publicoffering of Vinhomes JSC – a realty developer of Vingroup.
Vietnam’s strong growthprospects, the government’s plan to accelerate equitisation and successfulprivate sector IPOs over the past two years have attracted many investors tothe country.
Though local equity markets in Vietnam havedropped 15 percent from a record high struck last month, analysts view thecorrection as short-lived.-VNA
Accordingly, Capital Research and ManagementCompany, Dragon Capital and Mirae Asset Global Investments have devised plansto take up about three-quarters of stakes in the upcoming initial publicoffering of Vinhomes JSC – a realty developer of Vingroup.
In April, Singapore wealth fund GIC came in as a pre-IPO investor and took a roughly 5.74 percent stake in Vinhomes by buying shares from Vingroup and other shareholders.
Vinhomes’ first-quarter netprofit jumped five times from the same period last year to 3.99 trillion VND(177.3 million USD), and revenue surged three times to 10.54 trillion VND, itsfinancial statements showed.Vietnam’s strong growthprospects, the government’s plan to accelerate equitisation and successfulprivate sector IPOs over the past two years have attracted many investors tothe country.
Though local equity markets in Vietnam havedropped 15 percent from a record high struck last month, analysts view thecorrection as short-lived.-VNA
VNA
