Foreign investors flock to VinaCapital meeting

HCM City (VNA)- Monetary markets, the private economic sector, real estate development, technology and infrastructure topped the agenda of an investment meeting organised by VinaCapital, which took place in Ho Chi Minh City .

The two-day event, running from Nov. 10-11, attracted over 100 foreign
investors.

VinaCapital's CEO Don Lam, a leading fund manager in Vietnam , pledged to
make changes to the group's operations based on participants' suggestions in
order to "bring the world to Vietnam ".

Andy Xie, former CEO of Morgan Stanley in the Asian-Pacific region,
advised Vietnam to further focus on exports, woo more foreign investment
and draw upon its international experiences in maintaining property values
in a reasonable way so as to prevent rampant real estate speculation.

Chi Pham, a VinaCapital economic expert, extolled the virtues of the
Vietnamese Government's policy in dealing with economic difficulties,
pointing to the country's third quarter GDP growth, which outstrips the
growth recorded during the previous quarter, lower budget deficits and
virtually-curbed inflation.

"The Vietnamese economy is certain to recover soon, probably during the
fourth quarter of the year," Pham said.

VinaCapital is operating four funds with a total value of more than 1.9
billion USD, namely the Vietnam Opportunity Fund, VinaLand, the Vietnam
Infrastructure Limited and DFJ VinaCapital.

An additional property fund is currently in the pipeline, scheduled for
early 2009, in the form of limited partners.--Enditem