Keppel joins Vietnam financial centre, targets $1 billion real estate funds
Singapore's Keppel Ltd. has become an inaugural member of the Vietnam International Financial Centre (VIFC), planning to attract up to US$1 billion for property developments in the country.
VIFC framework for international capital
The VIFC was established in 2025 under a resolution from Vietnam's National Assembly, operating within Ho Chi Minh City and Da Nang. It features a dedicated legal and regulatory framework aimed at drawing international financial institutions and investment.
This framework includes provisions for foreign-currency transactions, tax incentives for qualifying projects, and international dispute-resolution mechanisms. The centre's structure is intended to streamline the process for foreign entities like Keppel seeking to channel capital into Vietnam.
Keppel's long-standing Vietnam presence
Keppel's selection as a VIFC member reflects its substantial and long-term commitment to Vietnam, according to Joseph Low, Keppel's Chief Representative for Vietnam and President of Vietnam Real Estate. The company entered the Vietnamese market approximately four decades ago and has since expanded its operations across real estate and infrastructure.
It currently manages 30 real estate projects in the country, representing a total registered capital exceeding S$5 billion (US$3.9 billion), positioning Keppel as a significant foreign real estate investor in Vietnam.
Keppel's participation in the VIFC could signal increased foreign direct investment into Vietnam's real estate sector. The US$1 billion target, once mobilised, would support new property developments, particularly in key urban centres like Ho Chi Minh City and Da Nang.
Investors should monitor the specific types of investment platforms Keppel develops and any subsequent project announcements. This collaboration aims to enhance the flow of international capital, potentially boosting liquidity and development activity within the Vietnamese property market.
This article is journalism, not investment advice; consult a licensed professional before making financial decisions. Market data is indicative, may be delayed, and should be verified with your broker or exchange before use.
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