• Sat
  • Sep 20, 2014
  • Updated: 2:58am

Real estate opportunity in Vietnam

PUBLISHED : Saturday, 30 June, 2007, 12:00am
UPDATED : Saturday, 30 June, 2007, 12:00am

Vietnamese-based property development firm VinaCapital is looking for a senior investment manager to lead the company's real estate team.


Candidates should be team players with at least 15 years of relevant experience.


A solid track record with a large regional real estate developer or investor is essential.


The position will be based in Ho Chi Minh City, the most cosmopolitan city in Vietnam, according to chief operating officer Brook Taylor. Initially, about 40 people, located in four offices throughout Vietnam, will report to the incumbent. Rapid expansion will likely see that number grow to 65 by next year.


Frequent travel will be required. Domestic travel will include visits to real estate projects and new investment opportunities, while international travel will be to attend and often speak at conferences and manage investor relations.


As one of four senior investment managers, the appointee will be responsible for the selection, evaluation and management of all real estate investments made by the four investment funds managed by the company (three of which are listed on the London Stock Exchange AIM board). This includes a property portfolio of 22 investments, making VinaCapital one of the largest property developers in the country.


The company also has numerous other projects in its investment pipeline.


With the accelerating pace of development, living standards in Ho Chi Minh City were quickly catching up with other Asian cities, Mr Taylor said, noting that those who were open-minded, practical, adventurous and patient tended to have more success.


The generous package, on par with that of Hong Kong, will also ensure that the successful applicant lives very comfortably.


Vietnam might be regarded by those working in real estate as a second-tier country in the region, but Mr Taylor believed otherwise.


'To the contrary, anyone that has actually been to Vietnam in the past two years would realise that the Vietnamese real estate and infrastructure sectors are perched on the edge of a very exciting phase of growth.'


For these reasons, he said that working for the company and making a name for oneself within the country's real estate industry would almost certainly lead to other opportunities.


Established in late 2003, VinaCapital has grown from a team of 10 staff managing investments of US$10 million, to 135 staff managing US$1.9 billion, in less than four years.


A key to the company's success was its ability to motivate a team of experienced expatriates and talented local staff towards achieving the group's vision of being Vietnam's leading investment banking and financial services group, Mr Taylor said.


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