Thứ Năm, 16 tháng 8, 2007

Vietnam Infrastructure fund debuts

Ha Noi (VNA) – VinaCapital Investment Management Ltd (VinaCapital), a leading investment company, announced the establishment of Vietnam Infrastructure (VNI), a 402 million USD fund that will invest in the country’s infrastructure sector.

VNI will be the first closed-end fund to invest in infrastructure development projects in Viet Nam , including energy, transport, water supply and treatment systems and telecommunications.

VinaCapital General Director Don Lam said that through VNI, the group would expand investment and contribute to Viet Nam ’s socio-economic development. The world’s investors would have more opportunities to take part in infrastructure construction in Viet Nam through the fund.

Though Viet Nam has recorded high growth rates over the past decade, investment in infrastructure has lagged behind the surging economy. The country now faces deficits in electricity and electricity production and transportation links are in need of wholesale development. Forecasts estimate that Viet Nam would need some 140 billion USD from now until 2020 to develop infrastructure to modern standards.

VinaCapital Managing Director William Lean said that the group will focus on those fields and in particular in urban areas such as Ha Noi, and Ho Chi Minh City.-Enditem



được đăng bởi kude.punny @ 09:41

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