In a significant meeting held in Hanoi on Wednesday, Ali Ijaz Ahmad, chairman and CEO of Makara Capital Partners, expressed strong interest in expanding the firm’s footprint in Vietnam. Joined by other company executives, Ahmad highlighted the group’s substantial presence in Singapore in areas such as fund and asset management, financial structuring, and advisory services.
Demonstrating due diligence, the leaders outlined their comprehensive analysis of the Vietnamese market, underscoring their confidence in the country’s strategic development trajectory and long-term growth ambitions. Their enthusiasm mirrors Vietnam’s reputation as a burgeoning hub for investment in Southeast Asia.
Makara Capital Partners is currently championing an investment initiative to establish a biopharmaceutical industrial park in the northern province of Hung Yen. Moreover, the company is engaging with Vietnamese authorities to explore collaborations in energy, infrastructure, and banking restructuring, as well as contributing to the development of a global financial center in the country.
Such ambitious ventures could potentially mobilize between US$5 and $7 billion in investments, showcasing the firm’s commitment to driving economic growth in Vietnam.
Prime Minister Pham Minh Chinh encouraged Makara Capital Partners to expedite its investment decisions and scale up operations within Vietnam’s priority sectors. He emphasized the philosophy of “working together, benefiting together, winning together, and sharing joy and happiness.”
Reiterating the Vietnamese government’s commitment to facilitating successful investments, Chinh assured that the country will protect the legitimate rights and interests of investors, grounded in principles such as regulatory transparency, market alignment, and international standards.
Chinh warmly welcomed Makara Capital’s ambitions in biopharmaceuticals and finance, aligning them with Vietnam’s goals for rapid, green, and sustainable development. He provided insights into the nation’s socio-economic strategies and highlighted ongoing efforts in institutional reform, infrastructure expansion, and human resource enhancement.
Vietnam is embarking on a transformative journey, restructuring its administrative framework and implementing key resolutions aimed at fostering swift and sustainable growth. The nation has set its sights on achieving a GDP growth of at least 8% this year, with aspirations for double-digit growth in the years to follow, all while aiming to transform into a high-income developed country by 2045. A tall order? Perhaps. But in Vietnam, the potential often exceeds the challenge.
What investment projects is Makara Capital Partners pursuing in Vietnam?
Makara Capital is focused on developing a biopharmaceutical industrial park in Hung Yen, while also exploring opportunities in energy, infrastructure, and banking restructuring.
What is the expected investment range from Makara Capital in Vietnam?
The initiatives being discussed could mobilize between US$5 and $7 billion in total investments.
What are Vietnam’s economic growth targets for the coming years?
Vietnam aims for a GDP growth of at least 8% this year, with a vision for double-digit expansion in subsequent years, striving to become a high-income developed nation by 2045.
