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KKR’s investment in Vietnamese assets have exceeded $1 billion after the firm’ purchase of a stake in Vinhomes JSC, Vietnam’s largest real estate developer.
Vietnam has become one of the fastest growing countries in the world. According to BCG, back in 2017, the country had 24 million middle income and affluent people, and by 2030, they estimate that figure could nearly double.
Consequently, the American global investment firm expects to increase its investments in Vietnam in the next decade to capture rising demand from the Southeast Asian nation’s growing middle class.
Source: Vnexplorer
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