VPAM pledges US$10 billion for Vietnam International Financial Centre
VOV.VN - Vantage Point Asset Management (VPAM), one of the leading asset management firms based in Singapore and Australia, will mobilise US$10 billion over five years for investment in the Vietnam International Financial Centre (VIFC), with a focus on the Ho Chi Minh City hub, known as IFC HCM.
This was announced by VPAM, at the official launch ceremony of the Vietnam International Financial Centre on February 11.
VPAM will mobilise US$10 billion from global institutional investors and strategic partners during the first five years. The capital will be allocated to key areas including infrastructure, real assets and strategic fixed-income investments, with implementation centred on IFC HCM.
The commitment was made by VPAM in its role as a founding and development partner of the VIFC, with IFC HCM identified as the primary focus. Under this role, VPAM will take the lead in promoting the development of Vietnam’s financial system through talent attraction, large-scale capital mobilisation and the establishment of modern investment platforms at IFC HCM.
Speaking to the press on the sidelines of the event, Colin Mullins, Chief Executive Officer of VPAM, said Vietnam is emerging as a high-growth economy, particularly in infrastructure and energy.
Mullins said that in recent months, VPAM has worked closely with the leadership of IFC HCM to develop capital strategies aimed at structuring and directing investment into sustainable projects that deliver solid returns while supporting Vietnam’s green economic development, in line with global responsible investment trends.
In addition, VPAM will establish an institutional asset management platform at IFC HCM, through which Vietnam’s domestic financial products will be introduced to international investors. The platform is expected to act as a link between Vietnam’s market and major financial centres including Singapore, London, the Middle East and Australia.
Separately, VPAM intends to develop an international agricultural finance and trading platform at IFC HCM, drawing on Vietnam’s strengths in agriculture to broaden export and investment opportunities.
At the same time, VPAM said it will open a new office at IFC HCM to attract domestic and international talent, as part of the firm’s expansion strategy in Southeast Asia.
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