Prime Minister Pham Minh Chinh on July 1 urged Singaporean group Makara Capital Partners to fast-track its investment plans in Vietnam, particularly in areas that the country is prioritizing for development, according to a report from the Vietnamese News Agency.

During a reception for Makara Capital's Chairman and CEO, Mr. Ali Ijaz Ahmad, the Prime Minister emphasized a partnership model of "harmonized interests and shared risks". He assured the delegation that the Vietnamese Government is committed to creating a favorable business environment and protecting the legitimate rights of investors.

Mr. Ahmad confirmed that Makara Capital, which specializes in fund management and investment, has strong confidence in Vietnam’s strategic vision. He revealed the group has the capacity to mobilize $5 billion to $7 billion for major projects and is actively pursuing several opportunities.

Key areas of interest for Makara include a pharmaceutical–biotechnology industrial park in Hung Yen Province, financing for energy and infrastructure projects, and participation in the restructuring of Vietnamese banks. Notably, the group is also keen on contributing to the development of a proposed International Financial Center in Vietnam.

Prime Minister Chinh welcomed Makara's focus, noting that these sectors align perfectly with Vietnam’s priorities for rapid, green, and sustainable growth.

He reiterated the government's commitment to ensuring investors can "work together, benefit together, succeed together," fostering a stable and predictable environment based on legal alignment, market principles, and international integration.

Source: VnEconomy