Mark Mobius to Pour $3 Billion into Vietnam

Minh Tam

11:08 21/10/2015

BizLIVE - Franklin Templeton Investments, chaired by investment guru Mark Mobius, plans to invest up to $3 billion in the coming five years.

Mark Mobius to Pour $3 Billion into Vietnam

Mark Mobius plans big investments in Vietnam. (Photo:

The fund manager will likely invest in restaurant chains, tourism and logistics in the Southeast Asian country, Mark Mobius said at a meeting with partners in Ho Chi Minh City on Monday, the newswire reported.
Franklin Templeton Investments has been present in Vietnam since 1996, and this country is one of the most important emerging markets where he has invested. Vietnam’s economic growth is high in comparison with that in regional countries and is set to accelerate if the government boosts the economic reform and improves the business environment, Mr. Mobius added.
The U.S.-based investment fund is interested in the Vietnamese government’s plan to withdraw its entire stakes in large companies. The government should divest entirely from state-controlled enterprises to scale up the capital market, he suggested.
Franklin Templeton Investments has poured $200 million into Vietnamese listed equities, including $40 million into state-owned energy firm PetroVietnam’s subsidiaries. The disbursement is much smaller than $3 billion the fund has invested in Thailand, whose stock market is 10 times larger than Vietnam’s.
The fund has invested millions of U.S. dollar in Huy Vietnam Company, a food restaurant company in Vietnam with three renowned brands Mon Hue, Com Tho Chay and Pho Ong Hung, and logistics firm Indo-Trans Corporation (ITL).
Mark Mobius has been investing in global emerging markets for more than 40 years and has received numerous industry awards. Currently, he directs the Templeton research team which is based in 18 global emerging markets offices, and manages emerging markets portfolios, according to


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