Vietnam’s most bullish investors believe the country’s economic development could outstrip China’s at the same point in their respective histories if private sector companies are able maintain the same growth trajectory over the coming decade as they did over the last.
Many newly minted corporate players are not only successfully riding the wave of rising domestic consumption, but also laying plans to establish a regional presence for the first time as well.
Typical is the view of Terry Ting, founder of private equity firm Valence Capital Asia and formerly head of growth private equity in Asia ex-India at Goldman Sachs.
“Vietnam’s private sector is,...
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