Source: HedgeWeek

VinaCapital is launching a new fund, Vietnam Infrastructure Limited (VIL), dedicated to investment in Vietnam's rapidly growing infrastructure sector.

VIL is seeking to raise USD 200 million in its first fundraising exercise, which will commence in May 2007. The company will seek admission to the AIM market of the London Stock Exchange.

Against the backdrop of rapid urbanization, market liberalizing government reforms, and recent WTO entry, Vietnam's economy is expected to sustain its current high GDP growth. However, rapid growth over the last decade has placed increasing strain on the country's ageing infrastructure with demand fast outstripping supply.

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Posted by pichu at May 2, 2007 8:12 PM