Though Merril Lynch, the US’s financial management giant, has been pulling out of the Vietnamese market and issued a report earlier this month indicating the market was no longer attractive, several US investment funds have remained optimistic.
At a recent seminar, James Riedel, senior consultant of the STAR Vietnam project, which supports the implementation of the Vietnam-US Bilateral Trade Agreement, said nearly half of portfolios in Vietnam are from the US.
He forecast the sum to rise in the near future as an influx of large banking-finance groups from the US hits the country.
US International Data Group (IDG) Ventures Vietnam – a pioneer local venture capital fund – has recently invested in Vega Software Joint Stock Company and Goldsun Focus Media, leading firms in e-advertisement and software development.
