Thep Viet Capital, Malaysian firm sign strategic cooperation pact

HCM City (VNA) - Vietnam 's Thep Viet Capital on July 1 signed a
strategic cooperation pact with the Inter-Pacific Capital Sdn Bhd, a
subsidiary of the Malaysian Berjaya group.

Under the pact, Inter-Pacific Capital will become a large shareholder of the
Thep Viet Capital, involving in fund management, investment and business
development.

Inter-Pacific Capital General Director Kuok Wee Kiat said he believed that
the many recent initiatives by the Vietnam Government to instill market
confidence and combat inflation, and measures to maintain a stable currency
and improve the overall balance of payments will succeed.

Thep Viet Capital, a leading private company in Vietnam , earned a
revenue of 450 million USD in 2007 from steel production and distribution.
Meanwhile, Berjaya has invested in five projects in Vietnam , including
the project the 3.5 billion USD international university urban area in Hoc
Mon district, Ho Chi Minh City.-Enditem