Korean fund invests 860 million USD in Vietnam
(VOVWORLD) - The National Pension Service (NPS) and SK Group have launched a 1 trillion won (860 million USD) fund with a SK Group to invest in Vietnamese companies.
The fund will be managed by South Korea’s SKS Private Equity and Stonebridge Capital. NPS has earlier established funds with domestic companies, to help their overseas expansion since 2011. Alongside the investments, the SK Group seeks to co-invest in new businesses with the Vietnamese companies to make an equity investment for their M&A deals and to buy a stake in units of the Vietnamese groups when they are floated on the stock market.