The US investment group Global Emerging Markets (GEM) is seekingopportunities to invest in Vietnam to take advantage of the country’sgrowth potential thanks to its young population, said Chris Brown, GEMPresident.
Brown held that with a large and youngpopulation, the 90 million-strong Vietnamese market has abundantdevelopment potential and plentiful investment opportunities.
Earlier this month, GEM successfully posted nearly 20 million exchangestocks between the US Mass Noble Investments Limited and Vietnam’s DucLong Gia Lai Group (DLG) with a price of 12,500 VND (0.57 USD) per shareand a rate of 1:1.4, said Brown.
With thistransaction, the DLG has become the first firm to buy a foreign companythrough exchanging stocks, officially owning Mass Noble and the ANSENfactory in China .
So far, GEM has announcedinvestments in four Vietnamese firms, including the FLC Group, Hoang HuyGroup, Duc Long Gia Lai Group and Hoang Anh Gia Lai Group.
According to Brown, GEM plans to continue buying more than 10 millionDLG shares to increase its ownership. By transferring Mass Noble to DucLong Gia Lai, GEM has become the largest foreign shareholder of thefirm, which makes Brown a member of the group’s Board of Directors.
As scheduled, GEM will own more than 20 percent of Duc Long Gia Lai’s shares in the future.
GEM is a 3.4 billion alternative investment group that manages adiverse set of investment vehicles focusing on emerging markets acrossthe world. The group has invested in 305 companies in 65 countries.-VNA
Brown held that with a large and youngpopulation, the 90 million-strong Vietnamese market has abundantdevelopment potential and plentiful investment opportunities.
Earlier this month, GEM successfully posted nearly 20 million exchangestocks between the US Mass Noble Investments Limited and Vietnam’s DucLong Gia Lai Group (DLG) with a price of 12,500 VND (0.57 USD) per shareand a rate of 1:1.4, said Brown.
With thistransaction, the DLG has become the first firm to buy a foreign companythrough exchanging stocks, officially owning Mass Noble and the ANSENfactory in China .
So far, GEM has announcedinvestments in four Vietnamese firms, including the FLC Group, Hoang HuyGroup, Duc Long Gia Lai Group and Hoang Anh Gia Lai Group.
According to Brown, GEM plans to continue buying more than 10 millionDLG shares to increase its ownership. By transferring Mass Noble to DucLong Gia Lai, GEM has become the largest foreign shareholder of thefirm, which makes Brown a member of the group’s Board of Directors.
As scheduled, GEM will own more than 20 percent of Duc Long Gia Lai’s shares in the future.
GEM is a 3.4 billion alternative investment group that manages adiverse set of investment vehicles focusing on emerging markets acrossthe world. The group has invested in 305 companies in 65 countries.-VNA
