Kohlberg Kravis Roberts plans to expand investment in Vietnam

The Kohlberg Kravis Roberts (KKR) global investment firm will continue to expand investment in Vietnam, according to Mr. David Petraeus, a Partner at the firm and Chairman of the KKR Global Institute.

KKR, one of the world's leading investment companies with total assets valued at $528 billion, has invested over $2 billion in Vietnam through investments into major corporations such as Masan, Vinhomes, Equest, KiotViet, and most recently Saigon Medical Group (MSG).

At a meeting with Prime Minister Pham Minh Chinh in Hanoi on December 10, Mr. Petraeus stressed that Vietnam is an attractive investment destination and many US investors are interested in expanding operation in the country.

PM Chinh proposed the KKR to continue to step up investments and expand partnership with Vietnamese enterprises, especially in emerging fields such as artificial intelligence, semiconductor, development of innovative startup ecosystem, digital transformation, and renewable energy.

Over the past 20 years, the US has been Vietnam's largest export market, and Vietnam has become the 7th largest trading partner of the US globally, and also its largest partner in ASEAN. The US's direct investment in Vietnam is estimated at nearly $12 billion, with over 1,400 projects.