Vietnamese firm Xuan Quynh is to join the Luxembourg based-PHILUX Fund as it looks to target Vietnam’s anticipated infrastructure boom.
As previously reported, PHI and Vietnam-based Tecco group founded the fund in August to capitalise on an anticipated wave of PPP projects in the south-east Asian nation; the domestic development firm will join as a new partner.
Henry Fahman, Chairman of PHILUX Global Funds SCA, SICAV-RAIF, stated: “We are delighted to work with Xuan Quynh to implement PHILUX Infrastructure Fund for Vietnam and Laos. By capitalising on our combined experience and networks we will be well positioned to serve the needs of infrastructure development in Vietnam and Laos as well as create significant benefits for both companies, our shareholders and all other stakeholders involved.”