FDI companies in Vietnam have consistently played a crucial role in contributing to Vietnam's economy and its growth. Since the authorization of foreign investment in 1988, Vietnam FDI has been pivotal in transforming the country into a highly appealing destination for international investors. The country’s robust growth in securing FDI has garnered positive feedback from […]
FDI companies in Vietnam have consistently played a crucial role in contributing to Vietnam's economy and its growth. Since the authorization of foreign investment in 1988, Vietnam FDI has been pivotal in transforming the country into a highly appealing destination for international investors. The country’s robust growth in securing FDI has garnered positive feedback from […]
Novaland is getting a $250 million investment from Warburg Pincus.
Trường Lăng
Trường Lăng, founder and 15-year director of Viettonkin, guides the company's strategic direction, makes top-level decisions, and represents the firm in key business negotiations. With over 20 years of consulting experience in Belgium and Southeast Asia, including 15 years specializing in FDI projects, he has established himself as a top expert who helps clients across industries expand their businesses. His deep knowledge of risk management and business operations, combined with his proven track record of successful consultation projects, makes him a valuable partner for investors seeking quality consulting services.
Novaland intends to leverage a $250 million investment from Warburg Pincus and others to expand its strategic land bank and finish certain big projects.
A consortium led by Warburg Pincus completed a US$250 million round of fundraising for Novaland Investment Group Joint Stock Company (HOSE: NVL), a member of NovaGroup.
According to a Novaland representative, the investment represents the start of strategic cooperation between Novaland and the US fund.
The partnership will combine Novaland's real estate market position with Warburg Pincus' global real estate experience and knowledge.
Novaland Chairman Bui Xuan Huy said, "We are happy to join Warburg Pincus as a strategic partner."
"Warburg Pincus is one of the world's most well-known and successful private equity firms, and its substantial investment indicates its strong trust in Novaland's growth prospects."
Novaland would benefit from Warburg Pincus' experience aiding successful real estate businesses in Vietnam and Asia, he noted.
The 1000-hectare NovaWorld Phan Thiet project has been developed by Novaland. Photo by Novaland
The funds will be utilized to acquire land and develop ongoing projects in key locations throughout Vietnam's southern region, leveraging forthcoming infrastructure. Novaland's sole financial advisor was Credit Suisse, a worldwide investment bank and financial services corporation based in Switzerland.
The investment, according to Jeffrey Perlman, managing director, and head of Southeast Asia and Asia Pacific real estate at Warburg Pincus, "reinforces Warburg Pincus' long-term commitment to Vietnam, which has totaled over US$1.5 billion to date," and "continues the firm's track record of backing market leaders in their respective sectors."
"We are very delighted about the opportunity to invest in yet another fantastic Vietnamese firm and look forward to working with the NovaGroup and Novaland management teams."
"We believe Novaland will be able to take advantage of this large market potential, and we will use our network, knowledge, and talents to help Novaland grow its business."
Novaland's next successful fundraising from overseas investors, less than a year after the issuing of international convertible bonds listed on the Singapore Stock Exchange in July 2021, is the Warburg Pincus transaction.
"We are very delighted about the opportunity to invest in yet another fantastic Vietnamese firm and look forward to working with the NovaGroup and Novaland management teams."
"We believe Novaland will be able to take advantage of this large market potential, and we will use our network, knowledge, and talents to help Novaland grow its business."
Novaland's next successful fundraising from overseas investors, less than a year after the issuing of international convertible bonds listed on the Singapore Stock Exchange in July 2021, is the Warburg Pincus transaction.
With more than US$80 billion in assets under management, Warburg Pincus LLC is a worldwide growth investor.
Its active portfolio, which now numbers over 245 companies, is highly diverse in terms of stage, industry, and geography.
Warburg Pincus was created in 1966 and currently manages 21 private equity and two real estate funds with over $100 billion in assets under management in over 1,000 companies across 40 countries.
Since then, it began investing in Southeast Asia in 2013 and has invested more than $3 billion in the region
In Vietnam, the Novaland Group is a well-known real estate developer.
In the last 30 years, the company has completed more than 50 real estate projects in a variety of areas, including flats, and storehouses, official 24/24, second homes, and branded villas.
Vietnam is emerging as a prime destination for foreign direct investment (FDI), driven by rapid economic growth, favorable government policies, and an investor-friendly business environment. This eBook provides a deep dive into Vietnam’s economic landscape, highlighting key industries such as manufacturing, real estate, and digital banking that attract FDI. It also explores the government’s proactive measures to streamline investment procedures, improve infrastructure, and offer tax incentives for foreign enterprises. Additionally, it covers crucial insights into market entry strategies, regulatory requirements, and socio-cultural factors that influence business success in Vietnam.
Download the eBook now to gain expert insights into successfully navigating Vietnam’s dynamic investment landscape!
Vietnam is emerging as a prime destination for foreign direct investment (FDI), driven by rapid economic growth, favorable government policies, and an investor-friendly business environment. This eBook provides a deep dive into Vietnam’s economic landscape, highlighting key industries such as manufacturing, real estate, and digital banking that attract FDI. It also explores the government’s proactive measures to streamline investment procedures, improve infrastructure, and offer tax incentives for foreign enterprises. Additionally, it covers crucial insights into market entry strategies, regulatory requirements, and socio-cultural factors that influence business success in Vietnam.
Download the eBook now to gain expert insights into successfully navigating Vietnam’s dynamic investment landscape!
Founded in 2009, Viettonkin Consulting is a multi-disciplinary group of consulting firms headquartered in Hanoi, Vietnam with offices in Ho Chi Minh City, Jakarta, Bangkok, Singapore, and Hong Kong and a strong presence through strategic alliances throughout Southeast Asia. Our firm’s guiding mission is aimed towards facilitating intra-ASEAN investments and connecting investors in Southeast Asia with the rest of the world, thus promoting international business relationships and strengthening inter-nation connections.
