In a meeting with Prime Minister Pham Minh Chinh on 2/7, Ali Ijaz Ahmad, chairman and CEO of Makara Capital Partner (Singapore), stated that the conglomerate has carefully studied the Vietnamese market and expressed confidence in Vietnam’s strategic direction.
Makara Capital is promoting investment in the nearly 300-hectare pharmaceutical and biotechnology industrial park project initially planned for Thai Binh, now relocated to Hung Yen. The conglomerate is also collaborating with Vietnamese agencies and localities to invest and provide capital for energy and infrastructure projects. Additionally, they are interested in participating in the restructuring of Vietnamese banks and the development of an international financial center in Vietnam.
According to Ahmad, they have the potential to raise $5-7 billion for investment in Vietnamese projects.
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Prime Minister Pham Minh Chinh receives leaders of Makara Capital (Singapore), on 2/7. Photo: VGP |
Prime Minister Pham Minh Chinh receives leaders of Makara Capital (Singapore), on 2/7. Photo: VGP
Prime Minister Chinh commended Makara Capital’s investment and business activities and welcomed the group's interest in exploring investment and business cooperation opportunities in Vietnam.
The prime minister stated that the pharmaceutical-biotechnology industry and the development of an international financial center are also priorities for Vietnam's rapid, green, and sustainable development. He encouraged Makara Capital Partners to make swift investment decisions and expand its presence in Vietnam, particularly in these priority sectors, emphasizing a "win-win" cooperation approach.
The prime minister affirmed the government's commitment to supporting and facilitating the conglomerate's effective and successful investment in Vietnam, ensuring the legitimate rights and interests of investors.
Founded in 2005, Makara Capital is a major Singaporean conglomerate specializing in fund management, asset management, investment, consulting services, and providing financial structuring solutions. Makara has an Innovation Investment Fund of approximately $700 million (in partnership with the Intellectual Property Office of Singapore).
Phuong Dung
