This is the first major acquisition by the fund, which was launched earlier this year and had raised £120 million as at November 27 from institutional investors, family officers and ultra-high-net worth individuals, among others.
Whereas competitor Westpac has predicted a damage bill of around AU$200 million, the National Australia Bank believes its internal transformation will allow it to comply without impacting its pocket all that much.
The rise of Vietnam’s capital market was largely attributed to the Vietnam government’s privatisation drive and market reforms, strong interest from foreign investors and local funds, as well as a high gross domestic product growth of 6.
The research found that, without globalisation, poverty reduction in developing nations would not have happened over the past 20 years
The trust will also acquire "three development opportunities with a total future completion value of A$500 million", and will “continue to pursue an acquisition and development strategy targeting core logistics properties in Australia