The Prudential Group has declared that it will establish a real estate invesment fund in Viet Nam starting in July with an initial capital of US$500 million.
The Property Investment Management Fund (PruPIM) will invest in high-rise construction and hotel projects in Ha Noi, HCM City, and major tourist areas around the country, and expects to begin generating returns at a rate of 15-20 per cent per year.
Source: VNN
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