GIC, Singapore's Wealth Fund, Considers Vietnam as a Promising Investment Destination

Singapore’s sovereign wealth fund, GIC, is actively considering increased investments in Vietnam and other Asian markets as businesses diversify their production away from China.

GIC’s Chief Investment Officer, Jeffrey Jaensubhakij, highlighted the company’s strategic response to the evolving global supply chain dynamics, stating that they have redirected their capital towards countries that stand to benefit from these shifts. In addition to Vietnam, Jaensubhakij mentioned Mexico, India, and Indonesia as potential investment destinations, noting the numerous opportunities available in these countries.

However, he acknowledged that it will take time for these nations to develop their infrastructure and enhance their production capabilities. Despite the diversification efforts, GIC will continue to explore long-term investment prospects in China, particularly in sectors like green technology and electric vehicles.