World’s leading fund will expand investment in Vietnam

Warburg Pincus – is one of the oldest and largest private equity funds globally. This fund is directly accompanying Techcombank, MoMo e-wallet, Vingroup, VinaCapital…

On the morning of May 15, according to local time, Prime Minister Pham Minh Chinh received Mr. Charles Kaye, General Director of Warburg Pincus – one of the oldest and largest private investment funds globally.

Warburg Pincus is headquartered in New York with over 200 investment professionals in 14 offices in 10 countries. Since its founding, Warburg Pincus has raised 19 private equity funds and invested more than $94 billion in more than 940 companies in more than 40 countries. Today, the Fund manages more than $64 billion in private equity assets, with an active portfolio of more than 205 companies in a variety of sectors, including real estate, financial services, consumer technology…

Vietnam is Warburg Pincus’ third largest investment destination in Asia (after China and India). Since 2013, the Fund has invested nearly 2 billion USD to help build and develop leading companies in Vietnam, joint ventures with Vingroup, VinaCapital, Techcombank, Becamex, MoMo e-wallet…; including Ho Tram Resort and Metropole Hanoi project (joint venture with Hanoi Tourist).

According to a report from the Government Newspaper, at the meeting, discussing issues with Vietnam’s business environment, leaders of Warburg Pincus Group expressed interest in the policy of limiting ownership of investors. foreigners in Vietnam’s banking sector; discussing plans to expand investment in real estate in Vietnam; and some difficulties and obstacles when implementing projects, including Ho Tram project.

He also said that there are four issues that investors are always interested in: The responsiveness of domestic enterprises; macroeconomic stability; the infrastructure; and the ability to dialogue and exchange with the authorities.

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The leader of Warburg Pincus Group affirmed that overall, Vietnam’s increasingly stable macroeconomic and business environment is favorable for foreign investors, but there are many points that need to be improved more strongly. more, like in terms of infrastructure.

In Vietnam, Warburg Pincus is known as an investor associated with Techcombank’s 2018 IPO record event. One of the contents that this investment fund mentioned in the above contact with Prime Minister Pham Minh Chinh It is also a point that has been repeatedly set by foreign investors to raise the ownership limit at commercial banks.

However, according to current regulations, foreign ownership ratio in Vietnamese banks is limited to 30%. Over the years, a number of focal points representing investment organizations, industries as well as research by authorities have set a direction to expand this ownership ratio, especially in banks that need to promote restructuring. structure or compulsorily repurchase, consider selling back to foreign investors… But so far, the upper limit has not been adjusted.

At the meeting, according to the Government Newspaper, Prime Minister Pham Minh Chinh said that the expansion of Warburg Pincus’ investment in the real estate field in Vietnam is appropriate and at the right time, including the project. Ho Tram has great potential; The Prime Minister suggested that the research group continue to expand its investment in Vietnam and with a large customer network in the world will be a bridge to bring US investors in particular and foreign investors in general. to invest in Vietnam.

In which, focusing on the fields of technology transformation, capital market, digital transformation, energy, overcoming war consequences, responding to climate change in the Mekong Delta, Central and mountainous areas. the North, developing strategic infrastructure projects.

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In the spirit of “sincerity, trust, responsibility” to solve problems, “harmonization of interests, sharing risks, complying with the law, win-win”, the Government of Vietnam will always accompany , support and create conditions for foreign investors to invest and do business effectively and successfully in Vietnam.

“I want to completely resolve your concerns, even at the specific project you raise. If you walk out of this room and continue to wonder, then I am more confused than you. If you continue. If we continue to wonder, we can continue to meet in Hanoi,” the Prime Minister said, and assigned Vietnamese authorities to discuss and resolve specific issues with Warburg Pincus Group.


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