SINGAPORE: KKR & Co. expects to at least triple its investments in Vietnam in the next decade as it seeks to capture rising demand from the Southeast Asian nation’s growing middle class.
The U.S. buyout firm’s investments in Vietnamese assets crossed $1 billion after a KKR-led consortium bought a stake in Vinhomes JSC, the largest real estate developer in the country, according to Ashish Shastry, co-head of private equity for KKR Asia Pacific and head of Southeast Asia.
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