Both local and international private investors have been active in Vietnam, especially in the real estate market. While Tanzanite International, a Singapore-based property company, plans to pump $500 million into the country, Vingroup, the local leading realty firm, will strengthen its foothold in Phu Quoc Island with committed investment up to $1 billion. In the insurance sector, Canada’s Sun Life has sealed a contract to increase its holding in the Vietnamese joint venture to a controlling stake of 75 per cent.
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