PHI GROUP TO PARTICIPATE IN INFRASTRUCTURE PROJECTS IN VIETNAM
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Monday, September 12, 2022
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The Company plans to set up and deploy its Philux Global Infrastructure Fund compartment under the umbrella of PHILUX Global Funds SCA, SICAV-RAIF, a group of Luxembourg-registered bank funds, to invest in a number of selective infrastructure projects in Vietnam and other ASEAN nations.
Key Points:
- The Company plans to set up and deploy its Philux Global Infrastructure Fund compartment under the umbrella of PHILUX Global Funds SCA, SICAV-RAIF, a group of Luxembourg-registered bank funds, to invest in a number of selective infrastructure projects in Vietnam and other ASEAN nations.
- Being one of the fastest growing economies in Southeast Asia region, Vietnam is currently lagging behind in terms of infrastructure and needing lots of foreign financial investment and technical assistance to narrow such gap.
- Per Global Infrastructure Outlook, Vietnam may require total investments of US$605 billion to meet 83 per cent of its infrastructure goals by 2040, and urban transportation, road, rail and port infrastructure are amongst the sectors of top investment priorities.
- PHI Group, Inc. (n/k/a Philux Global Group Inc., www.phiglobal.com , PHIL ) primarily focuses on PHILUX Global Funds, a group of Luxembourg bank funds organized as Reserved Alternative Investment Fund (RAIF) ( www.philuxfunds.com ) , and building the Asia Diamond Exchange (ADE) in Vietnam.