Rising labor costs in China are forcing U.S. apparel and accessories retailers to consider relocating some of their production to countries like Vietnam and India.
Mekong Capital said it is raising a US$150 million Vietnam-focused fund, the firm's fourth, and expects its first closing at US$50 million in a few months.
Gold prices in Vietnam slid by VND100,000 a tael over the previous day to below VND28 million a tael on June 15 amid corrections within the global market.
If Vietnam, which had one third of India's coastal belt, had emerged as a major leader in the world fishing industry, India could replicate the success.