CapitaMalls to Seek Shopping Mall Ventures in Vietnam to Expand

BusinessWeek, 3 Aug 2010
CapitaMalls Asia Ltd., the retail property unit of Southeast Asia’s biggest developer, may seek shopping-center ventures in Vietnam after expanding in markets including China and India.
Singapore-based CapitaMalls may collaborate with its parent company CapitaLand Ltd. to explore “interesting opportunities” in Vietnam, Chief Executive Officer Lim Beng Chee said. CapitaLand, which is building homes in the nation, said this year it expects properties in Vietnam to make up 10 percent of its assets in three to five years from about 1.5 percent now. Full Story