Thank you so much to our Vietnam Chapter Committee Member Mr. Tuong Le - Asia Representative at AQUIS CAPITAL flying all the way to Hong Kong to share about the market opportunities with our members
Here are the key points:
1. Strong Macro Fundamentals and Valuations:
- Vietnam offers higher growth potential compared to other Asian markets, supported by strong FDI inflows, fast export growth, low government debt, and manageable inflation.
- The stock market is attractively valued relative to its Asian peers, with a discount on earnings per share (EPS) basis.
2. Infrastructure Development:
- Significant public investment exceeding $30 billion annually, focusing on transport, energy, and digital infrastructure.
- Major projects include the North-South high-speed railway, Long Thanh International Airport, and expansion of deep-sea ports and expressways.
3. Urbanization and Consumption:
- Rapid urbanization with the urban population expected to reach over 50% by 2030, driving demand for housing, utilities, and services.
- A growing middle class and smaller, wealthier households are boosting domestic consumption, with retail sales growing at 9-10% annually.
4. Financial Sector Growth:
- Strengthened regulatory frameworks (Basel III implementation) and increased transparency.
- High credit growth (~14-16% annually) supports a resilient economy, with digital transformation driving financial inclusion.
5. Technology and Manufacturing Hub:
- Vietnam is emerging as a regional technology hub, attracting global tech leaders like Samsung, LG, Intel, and Foxconn.
- Supportive digital policies, a young and skilled workforce, and competitive costs are driving growth in the tech sector.
6. Emerging Markets Status Upgrade:
- Vietnam is expected to be upgraded to FTSE Emerging Market status in September 2025, with a potential MSCI upgrade between 2027 and 2028.
- This reclassification could trigger a market rally and increase foreign fund flows, with Vietnam potentially having a 4-6% weight in the MSCI Asia Index.
7. Free Trade Agreements (FTAs):
- Vietnam has 16 effective FTAs and 3 in negotiations, providing access to major global economies and enhancing international trade.
8. State Divestment and IPOs:
- The government is planning significant state divestments and IPOs, targeting around 85 state-owned enterprises, which could unlock substantial investment opportunities.
9. Energy and Power Development:
- Increased investment in energy infrastructure to support manufacturing and technology expansion, with a focus on renewable energy and power capacity enhancement.
10. Demographics and Workforce:
- A young and growing population, with a high rate of technology adoption and a skilled labor force, supports long-term economic growth.
Attended Members:
1. Tuong Le - Asia Representative at AQUIS Capital
2. Albert Yip Hon.DBA, FCPA (Aust.), MSc(IS) | Chairman at Syndicate Capital Group | EVP & Co-Founder at Keptain Group | Former SVP & CAE at State Street, APAC | Chief Strategist at L&Y Law Office | Global Ambassador at Cyberport
3. Jacky Tsoi - Director at Oriental City Group | Independent non-executive director at Ambeon | Advisor at Wolfline Capital
4. Christopher Wong - Independent Non-Executive Director at Greenpro Capital Corp. | Senior Advisor at Sevva Capital Limited | Partner at Chow Kok Leong & Co.
5. Stockor NG - Head of Structured Finance at China CITIC Bank International Ltd
6. Raymond Fung - Initiator of Centaline Capital Market at Centaline Group
7. Peter Ho - Managing Director Greater Asia Squadron Capital
8. Raymond WONG - Executive Director at M Capital Investment Limited
9. Jacky Leung, CFA, FRM, MBA (HKU) - Founder and Chairman of Royal Family Office 王道家族办公室
10. Andy Chu - Executive Director at RAbobnk | Chief Investment Officer at New Region Securities Company Limited
11. Simon Yuen, CFA FRM - Founder at Surich Asset Management
12. David Hu - Lead DevRel at BitcoinOS | General Partner at Cryptonite Capital | Advisor for Web3 Research and VC Investments at ICEBERG Capital
13. Wendy Lam - Executive director at Nomura
14. Aley Chang - Former Chairman at Alpha Omega Capital Management Limited
15. Tony Wong - Deputy Head (Debt Capital Markets) at ZhongTai Financial International Limited
16. Lisa Lim - Managing Director (Head of Capital Markets | Investment Banking Division) at Vantage Capital Markets HK Limited
17. Horace Ma - Chief Financial Officer at S. Culture Holdings (BVI) Limited
18. Man On Li - Director at Hing Wai
19.Catherine Sofia Somi - Founder & CEO at DZF Ventures
20. Robin Favre - PM & Alpha Capture at Backbone
21. Vincent Chan - Partner at Appleby
22. David Chan - Tourism Development Committee of the China Hong Kong Economic Trading International Association, Hong Kong
23. Kai Xing - VP New Technology & Investment at King Stone Energy Group Limited
24. Ritchie Kwok - Parkway Medical Services (Hong Kong) Limited
25. Ronald Poon - Executive Director APAC & RO at AMINA Bank
25. Carlos M Aquino - Founder & Managing Director at CMA Pacific Partners (HK) Ltd
26. Helen Lam - CEO at Shenzhen Jintz Medical Techology Co., Ltd
27. Malou Jungels - Founder at Continuum capital
28. Zenith Choi - CEO of Excelerate Fund Mgmt Ltd
29. Federico Bazzoni - CEO（Investment Banking）at Vantage Capital Markets HK ltd
30. Tony Chan - CFO, Asia Pioneer Entertainment (8400.hk). Co-Founder Hong Kong web3 Association
and more..
Event Photo
