In the midst of a volatile macroeconomic climate, Singaporean fund CapitaLand Investment is seeking opportunities in emerging economies, including Vietnam and India.
Andrew Lim, CFO of CapitaLand Investment, said that such markets may grow in significance as businesses seek to fortify supply chain and energy infrastructure in the face of globalisation shocks like the pandemic, according to Nikkei Asia.
“Countries with plentiful manufacturing and a low-cost, highly educated workforce may offer you an alternate destination from your current market,” Lim stated. “These are markets that are primed to offer alternative manufacturing destinations for links in the supply chain.”
He also believed that Vietnam boasts immense potential. Furthermore, the country “in the new scheme of things will also begin to assume greater importance as a destination for capital and investment.”
"We would love to do more in Vietnam, we are already very active in India," Lim said, cited Nikkei Asia. "What recent events have told us is that it's probably dangerous to put all your eggs in one basket," Linh said.
Headquartered and listed in Singapore, CapitaLand Investment is a leading global real estate investment manager with a strong Asia foothold.
CapitaLand Investment is one of Asia's leading real estate investment managers. Temasek, the sovereign wealth fund of Singapore, owns indirect holdings in CapitaLand Investment via different subsidiaries.
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