Jon Gorvett
Once a premium destination for overseas investors, Turkey’s power sector has recently been struggling with the impact of lower-than-expected growth rates, partial market liberalisation and fixed, long-term natural gas contracts. Power generation firms face further stress as the economic impact of the pandemic bites. Efforts to arrange a new debt restructuring deal have been delayed by the virus and wider economic woes, casting uncertainty over future demand. However, the sector retains some high-grade assets, however, which may attract future investor interest.
Vietnam – not just a manufacturing hub
Strong economic growth in Vietnam will help open up opportunities in a variety of sectors outside of manufacturing over the coming years, although the business environment remains challenging. Structural factors, including rapidly rising incomes, major urbanisation and an ageing population, will underpin expansion in three sectors in particular – construction, electricity transmission and distribution, and health care.
