Opportunities awaiting investors
Many opportunities are awaiting investors between now and 2015 with forecasts of the positive economic recovery and the growth of the stock market, according to experts.
Over the past 18 months, the macro economy has been gradually stabilised and started recovering thanks to the Government’s positive reform on the investment climate, especially policies to facilitate foreign investors’ operation, they said.
Chief Executive Officer of the asset management and real estate development firm VinaCapital Don Lam said foreign investors are keen on investment opportunities in Vietnam, specifically in food and beverages, and consumer goods.
Many are paying attention to the equitisation of State-owned enterprises (SOEs) from now to 2015, particularly in the field of infrastructure.
Japanese investors, for example, are studying information on power plant projects of the Electricity of Vietnam (EVN) Group and the Vietnam National Coal and Mineral Industries Holdings Corporation (Vinacomin).
The Vietnamese Government’s determination and efforts to reform the institutional and administrative systems, improve the investment environment, and enhance business competitiveness have also positively impacted on the stock market as reported by Prime Minister Nguyen Tan Dung at the opening eighth session of the 13th National Assembly in Hanoi on October 20.
According to the VinaCapital, the market will see higher growth from now to 2015 as inflation and interest rate are currently at low level.
Foreign investors have also showed more interest in the stock market than real estate, said CEO Don Lam.