A foreign fund eyes Vietnam’s real estate

Trinity investment firm, headquartered in Bangkok, Thailand, has established a US$30 million fund to buy distressed entities in Southeast Asia, including Vietnam, and sell their fixed assets for a profit.

Vietnam is ripe for such transactions as many international funds are looking to exit the market after buying real estate at high prices during its boom in the early and mid-2000s, Trinity's chief investment officer Oliver Smith told a news conference on March 8.

"Take the market exits and fund wind ups. If you look at Vietnam, there are a lot of opportunities there," Smith said.

Trinity’s new fund has an estimated amount of US$15 million, mainly sourced from rich investors. It will implement 3-4 transactions worth US$5-15 million each year, bringing profits of 15-20 percent to investors.

Apart from Vietnam, the fund is now seeking opportunities in Thailand, Cambodia and Indonesia.

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