Acuity Funding’s activities in Vietnam have been highlighted in a video, in the latest example of the funding brand’s growing recognition as a major force in the Southeast Asian investment landscape.
The video opens by explaining that Vietnam iis home to more than 100 million people, the 15th largest population in the world.
The population is described as young, educated, hard-working and focused on being successful. This demographic profile, according to the news item, is one of the reasons why “more and more global and international companies” have moved to Vietnam in recent years, bringing with them “large amounts of Foreign Direct Investment (FDI) capital as well as increasing levels of technology and expertise”.
Acuity, according to the video report, is arranging substantial capital for the region, thus supporting projects that need investment.
Acuity has been researching loans for dozens of projects in Vietnam, according to the video.
Acuity is described as a large-scale project finance provider that has “officially been present in Vietnam since 2019 working with the government, banks, large corporations and project owners.
“The projects Acuity is currently participating in in Vietnam include large-scale residential developments which are described as some of the most ambitious in the Asia-Pacific region’s capital market.
“Do you know that throughout the entire length of operations Acuity has never lost money or had a bad debt due to risk management?” the video report asks.
Acuity gives support to projects that contribute to the community and improve the environment, it reports.
The number of projects attaining capital through Acuity continues to grow, according to the video article.
“The big attraction for foreign capital inflows into Vietnam has been the availability of attractive assets when compared to other regions,” the video quotes Acuity’s founder and CEO, Mr Ranjit Thambyrajah.
“Vietnam is one of the fastest growing economies in the world and one of the most promising business and investment destinations in Asia, currently the third largest consumer market in South East Asia.
“Vietnam has continuously achieved growth. Annual GDP growth is from 5 per cent to 7.5 per cent.”
According to the video commentator, the dragon has been rising for two decades.
“We believe that Vietnam is one of the most dynamic economies in the region after the COVID-19 pandemic and, moreover, the capital market still has great potential so Acuity wishes to increase its presence in Vietnam in the next 10 years,” Mr Thambyrajah said.
In Vietnam the implementation of large projects including energy and infrastructure depend on external capital which is a great opportunity for Acuity’s investors.
“These people are looking for growth opportunities as they wait out the cost of living crisis that is slowing down western economies.”
Very large foreign capital deals, worth billions of US dollars, have taken place in Vietnam, according to the report. For example, in March, Sumitomo Mitsu Banking Corporation (SMBC) became a strategic shareholder of VP Bank after spending $1.5 billion USD to buy 15 per cent of the bank’s shares.
SMBC has reported receiving many requests for project financing from Korea, Indonesia, India, Malaysia, Thailand, China and some European countries, America and Africa.
Mr Thambyrajah said Acuity had also received strong demand from major developers in Vietnam, Singapore, Malaysia and Cambodia. Developers are looking to secure capital for hotel developments and major transportation and infrastructure projects.
He said Vietnam stands out when compared with neighbouring countries due to the rapid growth of the economy.
According to Acuity, Vietnam’s stable political and economic environment are making it the current focus of a transition for both investment capital flows and the global supply chain
Acuity Funding has been positioned to take full advantage of this wave of cross-border investment. Its acceptance as a member of SWIFT in 2022 opened a new chapter for the company, giving it the ability to conduct financial transactions across international borders with the highest legal speed and transparency.
Acuity has been emphasizing the importance of cashflow during these times of global inflation and higher interest rates. This can mean cashing out of bonds.
The Vietnamese Government has been encouraging the development and diversification capital inflows for both socio-economic development and to meet the needs of the economy, production and business.
On March 5, 2023, the Government issues Decree No 8 to reduce pressure on corporate bond maturity while allowing parties to reach their own agreements and payment options.
Vietnam’s digital economy is growing rapidly and there are many opportunities for technology businesses, innovators and entrepreneurs.