Vietnam: Diamond in the rough
In a country where private consumption is two thirds of GDP and 60% of the population is under 30 years old; and people are highly entrepreneurial, highly motivated and very excited about the opportunities that lie ahead for them and for the nation; one might think that strong foundations for a thriving private equity industry are already laid.
And yet, Vietnam is very quiet, in spite of the hype and headlines that surrounded it at the end of 2009. “In the fourth quarter of last year,” explains Andrew Legge, Director at Dragon Capital, “there...
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