GIC GIC invests US$500 million in Vietnam's Vingroup subsidiary

A consortium led by Singapore sovereign wealth fund GIC has invested US$500 million in a subsidiary of Vietnamese conglomerate, Vingroup. GIC said this is in line with long-term expectations of growth in household consumption in Vietnam. Vingroup has expanded beyond real estate and retail to become Vietnam's largest listed firm. It recently launched smartphones and cars. In August, Vingroup applied for a licence to launch an airline in 2020.

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GIC GIC invests US$500 million in Vietnam's Vingroup subsidiary
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News & Politics	Upload TimePublished on 9 Sep 2019

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