Delek Group eyes investment opportunities in Vietnam

Delek Group Ltd., an Israeli company with interests in property, financial services and energy, said executives will visit Vietnam to evaluate investment opportunities to expand and diversify its worldwide operations.

The visit is preliminary and there are no concrete candidates at this time, the company has said this week in a statement to the Tel Aviv Stock Exchange.

The statement was made in response to a report today in Globes that the company’s Delek Europe unit was evaluating entering the Vietnamese gas station market.

Vietnam has attracted a record US$31.6 billion of foreign direct investment in the first half of this year, according to a report released this week by the Ministry of Planning and Investment.

Investments worth nearly $20.3 billion were pledged last year but only $4.6 billion has actually been disbursed.

The government is working to improve this to $1 billion per month this year.

Thanhnien

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