More Foreign Investors to Enter Vietnam: Credit Suisse

More foreigners are expected to enter Vietnam as they want to tap investment potential in the emerging country which has a young population and is on track of high economic growth.

 

Nearly 1,500 CEO and CFOs from 260 groups worldwide are discussing opportunities in Vietnam, China, Indonesia, Malaysia and India at a conference held by Credit Suisse in Hong Kong from March 23-26.

 

Kim Anders Odhner, investment director of SGI Capital, said foreign investors are developing more long-term strategies instead of short-term ones as previously in Vietnam and the region.

 

Vietnam has a big production capacity, large consumption market and a geographical position in the region, Odhner noted.

 

Foreigners are very interested in large state-owned companies to be equitized in Vietnam, said Nguyen Thanh Huong, a senior official of Vietnam’s largest broker Saigon Securities Inc. The government pledged to continue boosting the share sale process which is still slow now.

 

Telecom and petroleum trading companies will be targets this year. (Securities Investment)