Exploring Investment Opportunities in Vietnam: More than 150 Foreign Investors Engage

VinaCapital Group, a prominent investment management firm based in Vietnam, hosted its 2023 Investor Conference in Ho Chi Minh City on Tuesday, attracting over 150 attendees from various parts of the world. This year’s event achieved a record-breaking number of participants since its inception in 2005.

During the conference, Don Lam, CEO and founding partner of VinaCapital Group, highlighted the positive impact of U.S. President Joe Biden’s recent visit to Vietnam, which has facilitated increased foreign investment in the country. Several foreign investors have expressed a growing interest in Vietnamese businesses operating in sectors such as hi-tech, semiconductor production, renewable energy, education, and healthcare.

Vietnam has emerged as an increasingly attractive investment destination. The country’s GDP growth is projected to reach 6-7 percent next year, maintaining an average figure comparable to the past decade. In the January-September period of this year alone, Vietnam achieved a trade surplus of nearly US$21.7 billion. Furthermore, the country is expected to experience a rise in orders from U.S. and European distributors, contributing to export growth.

In terms of foreign direct investment (FDI), Vietnam has received approximately $20-25 billion worth of capital this year. This demonstrates the confidence that foreign investors have in the Vietnamese market, workforce, and infrastructure.

While the stock market may experience short-term volatility, Nguyen Hoai Thu, Managing Director and Head of Investment at VinaCapital, assured participants that it remains an attractive long-term investment channel for both domestic and foreign investors.