Japanese group to establish 252 mln USD fund, targeting Vietnam
Sunday, April 16,2017AsemconnectVietnam - Japan’s Mizuho Financial Group will set up a 252 million USD (28 billion JPY) investment fund early this summer to invest in small- and medium-sized companies in Southeast Asia, Nikkei reported.
The fund is targeting businesses in countries such as Vietnam, Indonesia and Malaysia. Each selected SME will receive around 9 million USD (1 billion JPY).
Through this fund, the Japanese company may also support joint ventures between Japan and Southeast Asian nations, as well as send staff to the firms.
The group is likely to invest a total of more than 10 billion JPY, while other companies such as Dai-ichi Life Insurance will contribute several billion JPY. Other Japanese banks and European investors are also considering investing in the fund.
Southeast Asia is one of the fastest-growing regions in the world, with its rising population and growing middle-class, which are boosting the region’s economic growth.
Mizuho is Japan’s second largest financial group and among the top 20 largest financial groups in the world, with diversified investments in banking, stocks and investment funds. It has branches in Hanoi and HCM City and is Vietcombank’s largest foreign shareholder, with 15 percent stake.
The group is likely to invest a total of more than 10 billion JPY, while other companies such as Dai-ichi Life Insurance will contribute several billion JPY. Other Japanese banks and European investors are also considering investing in the fund.
Southeast Asia is one of the fastest-growing regions in the world, with its rising population and growing middle-class, which are boosting the region’s economic growth.
Mizuho is Japan’s second largest financial group and among the top 20 largest financial groups in the world, with diversified investments in banking, stocks and investment funds. It has branches in Hanoi and HCM City and is Vietcombank’s largest foreign shareholder, with 15 percent stake.
Source: vietnamplus.vn
DAILY: Vietnamese coffee prices remained unchanged on April 13
Tra fish by-products to become huge money earner: Experts
Trade turnover reached nearly 154 billion USD in first quarter of 2023
Rice export price increased to highest level in the past 10 years
Vietnam's agricultural products face more difficulties in export to China
Reference exchange rate up 2 VND on April 12
DAILY: Vietnamese pepper prices remained unchanged on April 12
DAILY: Vietnamese coffee prices rose by 800 VND on April 12
Trade pact boosts Vietnam coffee exports to EU
UK's accession to CPTPP to bring more incentives for Vietnamese exports
Ministry proposes VAT reduction to 8% to boost economy
Trade surplus totaled 4 billion USD in first quarter of 2023
Exports of wood and wood products continues to face difficulties
Import and export decreased in first quarter of 2023
Plan on implementing Decision No. 327/QD-TTG dated March ...
Concretize viewpoints, objectives, tasks and solutions of the plan in accordance with practical conditions of the locality, associating ...Plan on implementing national environmental protection ...
Implementation plan of marine aquaculture development ...
Program on conservation and development of Vietnamese ...
Plan on improving quality of human resources to 2025 and ...
Efforts taken to turn culinary culture into national ...
The Vietnam Cuisine Culture Association (VCCA) is taking steps to implement a project to build and develop Vietnamese culinary culture ...Vietnamese cuisine making a name for itself with ...
Vietnam advance to next round of AFC U20 Women’s Asian Cup
Cultural tourism and traditional values promoted through ...