20:47 (GMT +7) - Friday 23/04/2021


ACA Investments announces new plans in Vietnam

Released at: 12:05, 20/05/2019

ACA Investments announces new plans in Vietnam

Photo: Viet Tuan (inllustration)

Fund plans to invest $70mn in Vietnam from July.

by Doanh Doanh

ACA Investments is close to raising $70 million in funds for Vietnam’s real estate market, Mr. Hiroyuki Ono, Partner at ACA Investments, told VET, and he plans to deploy the capital by early July. “CBD residential and commercial assets are of interest to us as we consider co-investing with our partner SonKim Land and Japanese property developers,” he said. “We are also looking into industrial assets such as warehouses.”

ACA Investments is one of the best-performing fund managers in Asia, with a head office in Singapore and extensive experience in investing in projects throughout the Asia-Pacific region. It was established in 2008 and focuses on growing companies in specific industries as well as investment-related services, such as mergers and acquisitions advisory.

Vietnam investments include the Viet Thanh Technology Corporation (March 2014), the Cat Dong Trading and Service JSC (March 2015), the BBM Investment JSC (August 2016), and the SonKim Land Corporation (January 2017). In April 2018, ACA Investments announced it will pour $100 million into the retail and logistics sectors.

“We prefer to invest in companies that have a shareholder management team that understands what it is like to receive institutional funds and how to deal with the new shareholder,” Mr. Ono said: “A lack of senior managers make it difficult to execute the strategy and action plans discussed at Board of Director (BoD) meetings.”

He added that investment opportunities in retail chains and the consumer-related service industry remain attractive in the years ahead.

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