Singapore Group Eyes Major Investments in Vietnam

In a significant move, Makara Capital, a leading Singaporean group, has expressed its intention to mobilize between $5 to $7 billion for investments in Vietnam. This announcement came during a meeting between the company's chairman and CEO, Ali Ijaz Ahmad, and Vietnam's Prime Minister Pham Minh Chinh in Hanoi.

Strategic Sectors Targeted

The group has shown particular interest in developing a biopharmaceutical industrial park in Hung Yen province, alongside engaging in energy, infrastructure projects, and supporting bank restructuring efforts. These initiatives are part of Vietnam's strategic development direction, which Makara Capital strongly believes in.

Prime Minister's Assurance

Prime Minister Pham Minh Chinh welcomed Makara Capital's interest and assured the group of the Vietnamese government's support in ensuring successful investments. He emphasized Vietnam's commitment to fast, green, and sustainable development, aligning with the sectors Makara Capital is targeting.

Vietnam's Economic Ambitions

Vietnam is on a path to achieve a GDP growth of at least 8% this year, with ambitions to become a high-income developed nation by 2045. The country is focusing on institutional reform, infrastructure development, and human resource training as part of its strategic breakthroughs.