Illustrative image (Photo: VNA) HCM City (VNA) – VinaCapital, Vietnam’s most diversified asset manager, and A.P. Moller Capital, a global fund manager focused onhigh growth markets, have set up a joint platform togrow and scale investments in transportation and logistics infrastructure inVietnam.
With a population ofclose to 100 million, a consistent GDP growth rate of over 5%, and a strong andstable regulatory and investment climate, Vietnam offers clear high growthopportunities in transportation and logistics.
The partnership,which will be majority-owned by a fund managed by A.P. Moller Capital, bringstogether this sector expertise with the regional knowledge and expertise ofVinaCapital, both leaders in their respective spheres, to build and scale aportfolio of assets that target top quartile returns in a private capitalstructure. Investment and other major decisions will be made jointly.
Dhruv Narain,Partner at A.P. Moller Capital, said: “We are delighted to be building an assetportfolio that does well for our investors whilst doing good for communities inhigh growth markets - doing this in Vietnam with a committed and reputablepartner like VinaCapital is a privilege."
Andy Ho, ChiefInvestment Officer at VinaCapital, said logistics is a critical part ofVietnam’s economic growth story, and VinaCapital has a successful track recordin the sector over the two decades, including investments in Gemadept andTransimex, as well as warehouses and industrial parks. Partnership withA.P. Moller Capital brings together two of the most experienced players intheir respective fields and creates an investment platform that has thepotential to transform the logistics industry in Vietnam.
“We are excited to work with the teamat A.P. Moller Capital to identify and invest in promising Vietnamese logisticscompanies and contribute to the sector’s growth and development”, he said./.
