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Temasek Holdings licensed to open Hanoi rep. office
Singapore’s Temasek Holdings (Private) Limited has been officially licensed to operate its representative office in Hanoi.
The new office will enable the corporation to foster closer working ties with Vietnamese businesses and reinforce its commitment to Vietnam as a key market in Southeast Asia.
Temasek first established its presence in Vietnam in 2005 through a representative office in Ho Chi Minh City.
The two rep. offices function as offices for communication and market research and promote cooperative projects on securities and stock market in Vietnam.
They also supervise the execution of signed agreements between Temasek and Vietnamese economic organisations and Temasek funding projects in Vietnam.
With the Hanoi new office and increased staff strength, the corporation can now further tap on the advantages of having a presence in Vietnam’s two important business centres, said its Chief Representative in Vietnam, Derek Lau.
He added that the corporation is in a strategic position to reach out to existing and potential partners to explore partnerships and investment opportunities in Vietnam.
Temasek Holdings has invested in some companies in Vietnam such as Minh Phu Seafood Joint Stock Company, Vinasun Taxi Company and Binh Chanh Construction and Investment Company.
VNA
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