Sunday, March 30, 2014

Foreign investors bullish on Vietnam prospects

During the four-day networking event, attended by almost 400 guests, investors and speakers, his company, Vietnam’s largest mobile phone store chain, showcased itself to opportunity-seeking investors.

“The stock market has been on the up this year,” Tai said, adding that the company planned to list this June. He joined the Vietnam Access Day forum, held during March 18-21 to introduce his company to the participants.

The firm, with Best Buy International’s former CEO Robert Willet currently sitting on its board of directors, reported 2013 revenue of VND7.82 trillion ($372.4 million), a 25 per cent increase against 2012 with profits nearly doubling to VND250 billion ($11.9 million).

 Mobile World was not the only company to introduce itself at Vietnam Access Day. The event, organised by Viet Capital Bank, Viet Capital Securities Company and Viet Capital Asset Management, also saw displays and presentations from Masan Group, property developer Nam Long, Bao Viet Holdings, Vietcombank, Eximbank, leading fertiliser producer PVFCCo., Hoang Anh Gia Lai, FPT, Hoa Sen Group, Traphaco and Vingroup.

 More at http://www.vir.com.vn/news/en/corporate/foreign-investors-bullish-on-vietnam-prospects.html

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