PRINT THIS PAGE Mekong’s star29/08/2007. Source: Asia Private Equity Review (APER).
After an absence of ten years, investors are flocking back to Vietnam, says the Asia Private Equity Review. Once they were political foes. This is history when, in June, President Nguyen Minh Triet of the Socialist Republic of Vietnam shook hands with President George W. Bush of the USA. The first state visit by a political leader from Vietnam to the White House, President Triet’s friendly call to the world’s most powerful economy symbolises not only his country’s rising political stature, but also its escalating attraction as the next tiger economy in Asia. Since 2002, Vietnam’s gross domestic product has been enjoying an envious growth, advancing from 7.1% to 8.2% in 2006 and is forecast to reach 8.5% by 2008, according to the Asian Development Bank. Today, Vietnam is not only assuming an important role in Southeast Asia’s burgeoning economy, but is central to a new page of private equity in the ASEAN region.
Filling Up the Capital Pool
Since 2004, Vietnam has been the prime force that fuelled the growth of the fund pool in Southeast Asia. On average, funds that targeted Vietnam accounted for no less than 78% of the fresh pool of capital coming into the Southeast Asian market.
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Asia Private Equity Review (APER) is the foremost voice on matters related to private equity/venture capital in the region. Well-recognised as being the singular source for accurate and timely news, in-depth analysis and global perspectives, APER is published by the Hong Kong-based Centre for Asia Private Equity Research. For further information please visit their website at www.asiape.com or email them at info@asiape.com
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