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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Singaporean GIC enters Vietnam

Posted on 19 March 2014

Singaporean GIC - one of the world’s leading sovereign wealth funds which oversees USD100 billion forex reserve of the country, has entered Vietnam through pouring capital into a company in Vietnam, NDHMoney’s source says.
GIC was the brainchild of Dr Goh Keng Swee, then Deputy Prime Minister and Chairman of the Monetary Authority of Singapore (MAS). He saw the need for an entity dedicated to the task of investing Singapore’’s growing reserves for better long-term returns, Dr Goh created what in retrospect, was the prototype sovereign wealth fund………………………………………..Full Article: Source


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