More than 150 investors come to Vietnam to hunt for opportunities to invest in listed enterprises.

"Vietnam is currently an attractive investment destination," shared Don Lam, CEO of VinaCapital, an investment fund managing over $4 billion and with more than two decades of experience in attracting foreign investment to Vietnam.

International investors are present at the Park Hyatt Hotel (Ho Chi Minh City) to seek investment opportunities in Vietnamese businesses - Photo: BONG MAI

Investors "bustling" to Vietnam to seek capital investment opportunities

The 2023 Investor Conference organized by VinaCapital took place today, October 3rd, attracting 150 international investors, the largest number since the conference was first held 18 years ago.

Don Lam, co-founder and CEO of VinaCapital, said that the US president 's visit to Vietnam contributed to boosting international capital flows into the country.

"They send money for management and investment, and I share with them potential areas," he said.

Accordingly, many foreign investors are currently very interested in Vietnamese businesses operating in high-tech industries, semiconductor chip manufacturing , renewable energy, education , healthcare, etc.

Andy Ho, Director of the Investment Council of VinaCapital, said that he recently had the opportunity to meet many investors in New York (USA) during Prime Minister Pham Minh Chinh's visit to the NYSE stock exchange. This provided a clearer picture of the growth potential of foreign capital inflows into Vietnam.

Welcoming foreign investors at the event were a series of leaders of large listed enterprises in Vietnam such as: Mr. Tran Hung Huy - Chairman of Asia Commercial Bank (ACB ), Mr. Le Duy Hiep - Vice Chairman of Transimex, Ms. Tran Phuong Ngoc Thao - Member of the Board of Directors and Mr. Le Tri Thong - General Director of Phu Nhuan Jewelry Company (PNJ), Mr. Vu Thanh Trung - Member of the Executive Board of Military Bank (MBBank)...

Experts from VinaCapital, a fund managing $4 billion in assets, say Vietnam is currently an attractive economy for foreign investors to pour capital into. - Photo: BONG MAI

Vietnam's economy is attracting foreign investment.

"The Vietnamese economy is very attractive to investors," Andy Ho commented.

Specifically, GDP growth is estimated to reach 6-7% next year, equivalent to the average of the past 10 years. Even during stressful times like the COVID-19 pandemic, our country's GDP has still grown well.

Furthermore, in just the first three quarters of this year, Vietnam has achieved a trade surplus of nearly $21.7 billion. It is expected that from now until the end of the year, distributors in the US and Europe will increase their orders from Vietnam, boosting export growth.

Recently, many people have been worried about and comparing the real estate markets in Vietnam and China, but experts from investment funds believe there are clear differences.

For example, the real estate market share/GDP in Vietnam is at 8%, while in China it reaches 20% and has many uninhabited "ghost cities". The vacancy rate in Vietnam is -5%, while in China it is +25%.

Another positive point is that this year, FDI capital flowing into Vietnam is estimated at around 20-25 billion USD, showing that foreign investors have confidence in the market, labor, infrastructure, etc., in our country.

However, it should be noted that to increase attractiveness to large investors like Apple and Samsung, Vietnamese workers need to have higher qualifications, perform research and production work, and move up the value chain, instead of just doing outsourcing.

Meanwhile, Mr. Andy Ho emphasized that the government's implementation of various measures to stabilize the macroeconomic situation is a positive point for Vietnam. For example, the State Bank of Vietnam is maintaining a stable USD/VND exchange rate to protect foreign investors.

VinaCapital CEO Nguyen Hoai Thu said that although the stock market experiences strong fluctuations in the short term, in the long term it remains an attractive channel for domestic and international investors.

Tuoitre.vn