Stacy Kincaid joins VinaCapital as Fund Portfolio Managing Director.

Vietnam based fund management and real estate firm VinaCapital Group has announced the appointment of Stacy Kincaid to the role of fund portfolio managing director.

Kincaid will oversee the structuring and capital raising efforts for VinaCapital investments including real estate and infrastructure projects, as well as planned limited partnerships.

Kincaid said: "In a world filled with 'distress,' Vietnam itself is not distressed - it is one of the few countries worldwide that will post positive economic growth in 2009. There is still significant sustainable demand across many sectors, inflation has subsided, and domestic banks have the liquidity to support economic development."

Vietnam posted 6.2% growth in 2008. While falling export demand has slowed growth in the first quarter to 3.1% annualised, some economists see Vietnam heading toward growth of 4%-5% in 2009.