beta - fireinvestment.io logo beta - fireinvestment.io logo Home Mercati Notizia Risorse Burn it

Burn it
ENG
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
 Accesso Registrare

2023-03-09 07:01:00

Singapore's Keppel aims to invest in Vietnam amid 'China plus one' shift

Singapore's Keppel aims to invest in Vietnam amid 'China plus one' shift

The 'China plus one' strategy picked up when US-China trade tensions increased during the tenure of US President Donald Trump The Keppel Corporation in Singapore is tapping emerging markets such as Vietnam for growth. Vietnam is emerging as a manufacturing hub for investors who are looking to diversify from China. Loh Chin Hua, Keppel's Chief Executive Officer (CEO), told Nikkei Asia in an interview that businesses have been embracing the "China plus one" strategy. The strategy avoids investing only in China and seeks alternative destinations to reduce concentration risks. Loh Chin Hua said, "There's a lot of activities, manufacturing, where a number of these multinationals, especially tech companies, have started into Vietnam, looking at Vietnam as a possible manufacturing base." He further stated that the firm anticipates it is in a very good position to make even more investments in that nation. The "China plus one" strategy picked up when US-China trade tensions increased during the tenure of US President Donald Trump. During the COVID-19 pandemic, China's harsh lockdown policies necessitated investors to rethink depending too much on the world's second-largest economy. The corporation's Keppel Land unit notified last year that its subsidiary Keppel Land Vietnam Properties had made a deal with Vietnam's Phu Long Real Estates Joint Stock Company and its An Khanh New City Development Joint Venture unit. With this, Keppel acquired a 49 per cent interest in three residential land plots. Located in Hanoi, the company acquired the land for 159.7 million Singapore dollars ($118 million). Keppel and its Vietnam partner are planning to develop around 1,260 residences, comprising more than 1,000 condominium units and over 200 detached homes for nearly 680 million Singapore dollars ($502.2 million). This project is a part of Mailand Hanoi City. Loh Chin Hua said that Keppel also sees a lot of opportunities in Vietnam in terms of the energy transition. He added that they are also looking at possibilities of waste-to-energy business in Vietnam and data centres. Apart from Vietnam, Keppel is aiming at markets in the 10-member Association of Southeast Asian Nations (ASEAN) for new assets. Loh Chin Hua stated that countries such as Thailand, Indonesia, and Malaysia have also benefitted from rapid urbanisation. According to him, the nations have also benefitted from increasing affluence. The CEO believes that there are good opportunities for business and investments in the ASEAN market.

La maggior parte ha letto le notizie

Ricevi la newsletter di Crypto
0
Oggi notizie
Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta