Prime Minister Pham Minh Chinh hosted a reception in Hanoi on July 2 for Ali Ijaz Ahmad, Chairman and CEO of Singapore-based Makara Capital Partners, along with other leaders of the firm currently exploring investment opportunities in Vietnam.

Makara Capital is a leading Singaporean group specializing in fund and asset management, investment, financial advisory services, and structured financial solutions. After conducting in-depth research on the Vietnamese market, the group expressed strong confidence in Vietnam’s strategic vision and long-term development aspirations, Ali Ijaz Ahmad told the Vietnamese Government chief.

Makara Capital is actively pursuing a pharmaceutical and biotechnology industrial park project in northern Hung Yen province. It is also working hand in hand with relevant agencies and localities in Vietnam to explore cooperation in financing energy and infrastructure projects, participating in banking sector restructuring, and contributing to the establishment of an international financial center in Vietnam. The group estimates its potential investment at between US$5–7 billion.

PM Chinh  welcomed Makara Capital’s growing interest in Vietnam and praised the group’s successful investment record. He affirmed that the areas the group is targeting, including biotech, pharmaceuticals, and international finance are fully in line with Vietnam’s development priorities for fast, green, and sustainable growth.

Outlining Vietnam’s current development trajectory, foreign policy orientation, and national defence policy, the Vietnamese cabinet leader said the country is making three strategic breakthroughs in institutional reform, infrastructure, and human resource development. In parallel, the nation is undertaking a structural overhaul of the government apparatus, implementing two-tier local governance, and consolidating its core leadership pillars. The goal, he said, is to achieve GDP growth of 8% or more in 2025, aiming for double-digit growth in subsequent years to reach high-income status by 2045.

The Vietnamese Government, guided by the principle of “harmonious interests and shared risks,” is committed to accompanying and facilitating Makara Capital’s effective and successful investment in Vietnam. The rights and legitimate interests of investors will be safeguarded based on three core principles, namely a sound legal framework, market-based governance, and regulatory alignment with international standards.

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