Several leading venture capital funds, led by World Pension Forum chairman, arrived in Vietnam May 21 to sound out investment opportunities in the country.
The delegation’s meeting with Vietnamese economic experts and companies was organized by World Pension Forum and sponsored by IDG Ventures Vietnam.
Philip A. Schaefer, manager cum founder of World Pension Forum, said Vietnam has gained high economic growth, which interests venture capital funds.
“This is our first trip to Vietnam and we see many opportunities to invest in the country, including infrastructure, real estate, and financial services,” he said.
Anne Sheehan, deputy director of a $175-billion pension fund in California, said: “We invest in many sectors via the stock market, and in this trip we can see opportunities to invest in Vietnam.”
Steven Nickol, who manages a teachers' pension fund in Pennsylvania, said: “We are now looking for chances to invest outside America, because we want to bring more profit to the fund. We want to invest long term in Vietnam via some venture capital funds, if we find good opportunities.”
These venture capital funds will return to Vietnam looking for specific investment opportunities in the coming time, Schaefer said.
The World Pension Forum, founded in 1992, mainly organizes trips and provides fiduciary education for senior executives of investment funds, including public and corporate funds as well as pension and endowment funds throughout the world. (SGT, Vietnamnet)
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