After a recent correction, Vietnam’s equity market has bounced back and so has capital-raising for new funds. The latest to tap the markets are PXP Vietnam Asset Management and Mekong Capital. Both managers have successful track records investing in Vietnamese equities yet both are raising new funds to expand into new investment areas.
PXP, with three existing funds investing in listed and pre-listed Vietnamese equities, is seeking $150 million for its PXP Qudos Vietnam Property Fund, a development fund to be run in partnership with Qudos Asia and HBP Group, both established property businesses in Vietnam.
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