Viet Nam’s Lion Capital and the Hongkong-based Grandford International Promotions Ltd. on July 10 signed a business contract to co-establish funds mostly for real estates development and stock exchange.

The potential funds will have a designed capital of 100 million USD each and also help in State-owned enterprises (SOEs) equitisation and be in support of the private economic sector.

Lion Capital Vietnam Fund General Manager Bui Cong Giang said they are looking for projects on industrial parks in key economic zones, marts, new metropolis in Ha Noi and HCM City, bridges, hotels and resorts.

Lion Capital received a licence for securities transaction in Viet Nam since late 2006 while GrandFord has had long-time Asian experiences in property development, building over 500 bridges in the continent.

Source: VNA