We recently interacted with VIC’s management team and are positive about VIC’s prospects based on the following attributes of the company: (1) the ability to secure the most desirable sites to develop, 2) a proven execution track record, (3) a sizeable land bank throughout the country, (4) an internally synergistic business portfolio that is well-aligned with Vietnam’s growth story and (5) a unique ability to raise capital both domestically as well as internationally. We put VIC on our watch list.
