Singapore firm targets multi-billion dollar investment in Vietnam
The group is exploring financing opportunities in Vietnam’s energy and infrastructure sectors.
THE HANOI TIMES — Makara Capital Partners can mobilize between $5 and $7 billion for investment in projects across Vietnam.
Prime Minister Pham Minh Chinh (R) and Chairman of Makara Capital Partners Ali Ijaz Ahmad. Photo: VGP
The plan was revealed by the Chairman and CEO of the Singapore-based conglomerate, Ali Ijaz Ahmad, during a meeting with Prime Minister Pham Minh Chinh on July 2.
Ahmad stated during the meeting that the group had thoroughly studied the Vietnamese market and expressed strong confidence in Vietnam's strategic development directions.
Makara Capital is advancing plans to invest in a 300-hectare pharmaceutical and biotechnology industrial park project in Thai Binh, which is now part of the northern province of Hung Yen.
The group is engaging with Vietnamese agencies and local authorities to explore cooperation and financing in energy and infrastructure, and Ahmad noted Makara Capital’s interest in bank restructuring and developing an international financial center in Vietnam.
Prime Minister Pham Minh Chinh welcomed the group’s interest in new investment and business cooperation opportunities in Vietnam, saying that Makara Capital's focus on biopharmaceuticals and international financial centers aligns with Vietnam’s priorities for fast, green, and sustainable development.
He encouraged Makara Capital Partners to invest in Vietnam's prioritized sectors, affirmed the government's support and favorable conditions, and the protection of investors' legitimate rights and interests.
Founded in 2005, Makara Capital specializes in fund and asset management, investment, advisory services, and financial structuring solutions. Makara manages an Innovation Investment Fund worth approximately $700 million in collaboration with the Intellectual Property Office of Singapore.
