UAE Investors Learn of Vietnam's Investment Potential During Middle East Investment Summit

UAE Investors Learn of Vietnam's Investment Potential During Middle East Investment Summit PR Newswire DUBAI, UAE, November 7, 2012 DUBAI, UAE, November 7, 2012 /PRNewswire/ -- Vietnam Market Offers Long-Term Opportunity for UAE Investors; Potential to Double in Three Years, Triple in Five PXP Vietnam Asset Management Flagship Fund Sees 25% Growth YTD Emirates Airline is among a growing number of major organisations that have seen the commercial potential of Vietnam, having successfully commenced flights last summer. Now UAE based investors are discovering the investment opportunities that the Vietnam capital markets offer. The Middle East Investment Summit held in Dubai earlier this week provided a forum for a number of senior local banking and investment companies to learn more about how the Vietnam stock market offers long-term advantages for investors, as the Government prepares a new round of reform initiatives designed to revitalise the development of its capital markets. Kevin Snowball, CEO of PXP Vietnam Asset Management (PXP) one of the participants in the two-day summit said the Socialist Republic of Vietnam has been one of the fastest growing economies in Asia, with Ho Chi Minh City, home to over seven million people, recognised as its commercial hub. Trade between the UAE and Vietnam exceeded $24m in 2010.