Vietnam a promising market for investment: Thai CEO
Vietnam and India are the most promising markets for long-term investments as the two countries have well responded to global challenges and uncertainties thanks to their fast-growing economies, according to a Thai asset management company.
Chavinda Hanratanakool, CEO of Krungthai Asset Management Public Company Limited (KTAM), said although the global economy remains volatile due to political tensions, there are signs that inflation has begun to slow down after several central banks took steps to ease inflationary pressures.
KTAM has started to see signs of economic recovery in countries with high-growth potential, including Vietnam and India, which have become increasingly attractive for investment, she added.
Vietnam has been an attractive investment destination due to its high economic growth and comparatively low inflation, the CEO said, adding that such conditions present a new investment opportunity.
According Chavinda, the KTAM Vietnam Equity Fund (KT-VIETNAM-A) is an active investment aimed at generating superior market returns. Through equity investment, the fund focuses on stocks that benefit from economic growth and listed companies on both domestic and foreign markets.
Investors who are looking to invest with tax benefits can opt for the KTAM Vietnam Equity Fund (Saving Type), also known as KT-VIETNAM-SSF, she said.
Kattiya Indaravijaya, CEO of Thailand's Kasikornbank (KBank), said in early August that Vietnam is a rising star in Southeast Asia with high economic growth.
"The bright prospects of the economy can be attributed to the success in controlling the pandemic thanks to the government's effective policies along with efforts to promote a cashless society," she said at the opening ceremony of the bank's first branch in Ho Chi Minh City.
KBank has operated two representative offices in Hanoi and HCMC since 2015. With the new branch, the Thai bank aimed to have 1.2 million clients and disburse over $500 million in Vietnam before 2023.
The World Bank on August 8 upped its GDP growth estimate to 7.5% for the year, much higher than the 5.8% it forecast early June.
Growth drivers are expected to pivot from external to domestic demand, and from manufacturing to services, according to the bank.
Investment management firm VinaCapital expects Vietnam’s GDP to grow at least 10% in the third quarter and 7.5% the whole year.
The Ministry of Transport has asked the Prime Minister for permission to grant a license to the country’s first cargo airline, IPP Air Cargo.
Industries - Tue, September 27, 2022 | 10:45 pm GTM+7
Son Kim Real Estate Investment JSC planned a private placement of bonds worth VND500 billion ($21 million) late this month to purchase The METT office project in Ho Chi Minh City's Thu Thiem new urban area.
Finance - Tue, September 27, 2022 | 10:27 pm GTM+7
Vietnam's economic expansion can hit 7.2% this year and 6.7% next year, the highest in Southeast Asia, the World Bank says Tuesday.
Economy - Tue, September 27, 2022 | 9:45 pm GTM+7
Nguyen Quang Linh, assistant to Vietnam's Standing Deputy Prime Minister, was arrested Tuesday for allegedly accepting bribes related to repatriation of Vietnamese citizens during the pandemic crisis.
Politics - Tue, September 27, 2022 | 5:06 pm GTM+7
Becamex IDC and the Confederation of Indian Industry (CII) have signed an agreement on partnership in the areas of IT, medical care, electronics, sustainable development and innovation.
Companies - Tue, September 27, 2022 | 3:27 pm GTM+7
BCG Land and Helios have signed strategic agreements with 13 top realty consultants to distribute properties of their King Crown Infinity project in both domestic and foreign markets.
Companies - Tue, September 27, 2022 | 3:26 pm GTM+7
The government has proposed to the National Assembly unique tax incentives for businesses in some prioritized sectors in Buon Ma Thuot, the biggest town in Vietnam's Central Highlands.
Industries - Tue, September 27, 2022 | 2:45 pm GTM+7
U.S. renewable energy developer Vesper Energy has signed a deal to buy 861-megawatt solar modules from Vietnam-headquartered manufacturer Boviet Solar.
Energy - Tue, September 27, 2022 | 11:34 am GTM+7
The disbursement of public investment reached VND243,148 billion ($10.25 billion) in the first nine months of the year, or 46.7% of the government's nine-month plan.
Economy - Tue, September 27, 2022 | 11:12 am GTM+7
Several Ford, Hyundai and Toyota dealers in Vietnam are shocking customers by charging them thousands of dollars more than the sticker price, citing cost of accessories.
Companies - Tue, September 27, 2022 | 10:05 am GTM+7
Typhoon Noru, one of the biggest to hit Vietnam in 20 years, has forced five airports in the central region to suspend operations for at least 24 hours, starting Tuesday.
Travel - Tue, September 27, 2022 | 9:22 am GTM+7
The Central Inspection Committee has proposed the Party Central Committee’s Secretariat considers disciplining Deputy Foreign Minister To Anh Dung and Nguyen Quang Linh, assistant to the Standing Deputy Prime Minister.
Politics - Mon, September 26, 2022 | 8:06 pm GTM+7
Ho Chi Minh City’s office market has recorded robust leasing transactions across all sub-markets this third quarter, thus keeping healthy performance, property services firm Knight Frank said Monday.
Real Estate - Mon, September 26, 2022 | 4:53 pm GTM+7
Two solar power plants in Ba Ria-Vung Tau province have been fined VND160 million ($6,700) for operating without official appraisal and acceptance.
Energy - Mon, September 26, 2022 | 4:44 pm GTM+7