IPEI – International Port Engineering & Investments
IPEI has been created in 2006 for the purpose of taking over and buying the shares of the American Insurance Group (AIG) that these insurers were owning in The Infra Asia investment Company in Hai Phong, Vietnam. That business of creating top quality industrial premise took off in 2010 but is presently booming due to the tensions between China and USA, whereby many factories are now leaving China and are now moving to Vietnam.
According to a recent audit and analysis by Price Waterhouse Coopers (PWC), the value of IPEI in 2019 was 97 million $ (ninety-seven million dollar). However, thanks to many new clients, the value is now strongly growing.
The owners of IPEI are seven friends who have also invested (either as individuals or together) in other promising industrial initiatives, such as desalination of sea water or the promotion of cold chain facilities for the business of fruit transport.