Vietnam is emerging as one of the world’s hottest markets for private equity investments thanks to its high rate of return, driven by the country’s rapidly growing economy and the government’s fine-tuned policies. Mobile World Group is Mekong Capital’s most successful private equity investment Mekong Capital has recently announced that its Mekong Enterprise Fund II (MEF II) has successfully divested 100 percent of its final remaining investment in Vietnam, resulting in the fund achieving a net return multiple of 4.5 times and net internal rate of return (IRR) of 22.5 percent for its investors. This marked it as one of the most successful funds in the Asian private equity scene. In the latest investment from Vietnam’s Asia Chemical Corporation (ACC) alone, MEF II gained US$8.9 million, generating a gross return multiple of 2.6 times and a gross IRR of 15.1 percent. Earlier, MEF II also completed the sale of its last remaining five million shares in … [Read more...] about High return draws private equity investments to Vietnam
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Can ThoÂ (VNA) â The Mekong Delta introduced 74 projects in need of investment at a conference held by the Vietnam Chamber of Commerce and Industry (VCCI)âs Can Tho branch in Can Tho City on November 20.Â The projects focus on hi-tech agriculture (13 projects), aquaculture at sea, the processing industry (14), tourism-culture (11), urban development and industrial park infrastructure (14) and manufacturing (7). Themed âThe Mekong Deltaâs economy post 2015- future business and investment visions for the food processing sectorâ, the event aimed to supply quality and accurate investment information in the regionâs localities for domestic and foreign investors. More than 230 representatives from trade promotion agencies, companies, financial institutions and investment funds from the UK, Australia, Japan, the US, the Republic of Korea, Switzerland, Singapore, India and local businesses participated in the event. According to VCCI, the Mekong Delta is a dynamic economic region … [Read more...] about Mekong Delta localities calls for investment
Science partnership: Ambassador Hugh Borrowman presents science sets to children after shows by Questacon, Australia's National Science and Technology Centre, in Ha Noi, HCM City and Da Nang. — Photo courtesy of Australian Embassy 2013 marked the 40th anniversary of diplomatic relations between Australian and Viet Nam. This was an important milestone in the long-standing bilateral partnership and an opportunity to set the direction for future collaboration and co-operation. This week we celebrate Australia Day* and brought our 40 anniversary programme of events to a close. We have also launched a photo book highlighting our activities over the past year. We brought leading artists, scientists and companies to Viet Nam to showcase Australia as a creative and innovative partner and an inclusive multicultural society and also to show the importance we attach to the relationship with Viet Nam – one of our most important partners in Asia. Vietnamese audiences had the … [Read more...] about Australia looks to build on ties with VN
Vietnam spares no effort to boost cooperation with Australia, especially in trade and investment, bringing benefit to both sides, said Prime Minister Nguyen Tan Dung. At his meeting with former Australian Prime Minister Paul Keating in Hanoi on July 15, PM Dung expressed his pleasure at rapid developments in bilateral relations in recent times, praising contributions by Paul Keating in his capacity of Australia's Prime Minister during the 1991-96 period to promoting bilateral cooperation in many areas. PM Dung asked Paul Keating to hurry the Australian government into funding construction of Cao Lanh bridge in southern Vietnam and supporting the Thang Long royal citadel as UNESCO's heritage site. Regarding cooperation between ASEAN and its partners, PM Dung stressed that Vietnam, like other ASEAN countries, always wants to build a community of peace and development. Vietnam hails new mechanisms for building peace, stability and development in the region, the PM said. The … [Read more...] about PM pushes for increased trade ties with Australia
Danang has been designated by the central government to be the core city of the Key Economic Zone in central Vietnam, the entrance to the UNESCO World Heritage sites, and the terminal point of the East-West Corridor linking with Laos, Thailand and Myanmar. It is clear that Danang's location makes it a strategic location from which your business can access potentially rich Vietnamese and other Asian markets.I. STRATEGIC LOCATION The coastal city of Danang is situated at the very heart of Vietnam, 759km from Hanoi and 960km from Ho Chi Minh City. It lies on the north-south communications axis of land ( National Road 1A), rail, sea and air routes. Danang borders Thua Thien - HueProvince in the north, QuangNamProvince in the south and the west, and the EasternSea in the east. It is located in a typical tropical area influenced by monsoons with an annual average temperature of 25.7C. The city has a natural land area of 1,256km2 and a population of 887,069 as of 01 April 2009. … [Read more...] about Why invest in Danang?