SPECIAL

VNA's new Dreamliner completes first test flight VNA's new Dreamliner completes first test flight

National carrier Vietnam Airlines (VNA) on May 27 said the first of its new Boeing B787-9 Dreamliners had completed its first test flight.


Pilmico seeks to buy VN feed companies: report Pilmico seeks to buy VN feed companies: report

Filipino firm Pilmico Food Corporation is trying to acquire some feed companies in Viet Nam in an expansion bid, the local media in the Philippines reported on May 24.


Vietinbank officially merges with PGBank Vietinbank officially merges with PGBank

Viet Nam Bank for Industry and Trade (VietinBank) and the Petrolimex Group Commercial Joint Stock Bank (PGBank) signed an official merger document yesterday, thereby opening opportunities for the new bank.


Toyota Motor Vietnam launches Lexus NX200t Toyota Motor Vietnam launches Lexus NX200t

LEXUS Vietnam introduced the all-new NX200t, a sharply styled luxury compact crossover, together with Lexus premium services in the Vietnamese market on May 26.



AFC launches $50 million investment fund in Viet Nam
Updated: Tuesday, Dec 03, 2013 04:02 PM
AFC Viet Nam Fund.— Photo AFC

HA NOI (Biz Hub)– Asia Frontier Capital Limited announced its newly-launched AFC Vietnam Fund on Tuesday, investing in Vietnamese listed equities, with a target size of US$50 million.

According to AFC, the fund will be available for subscription to qualified new investors as of December 10th, 2013, as it seeks to capture value in growth companies in the small- and mid-size segment.

Asia Frontier Capital (Vietnam) is the Cayman Islands-based investment manager of "AFC Vietnam Fund", under the leadership of CEO Andreas Vogelsanger .

"After a 70-90 per cent price decline in the years 2007-2012, we now see enormous upside potential in this new business cycle, which has just started and is expected to last for the next 5-7 years," said Andreas Karall.

Meanwhile, CEO Andreas Vogelsanger thought "Vietnam's growth prospects are very compelling, especially with the restructuring of the banking sector and various government stimulus packages to support the economy", stating that "a stable local currency, combined with very competitive labour costs, will help to further accelerate foreign direct investments into Viet Nam".

According to AFC, the investment in Viet Nam was an excellent addition to the well-established flagship AFC Asia Frontier Fund, which provides investors with exposure to Viet Nam as well as listed equities across high-growth Asian frontier markets, including Bangladesh, Cambodia, Iraq, Laos, Mongolia, Myanmar, Pakistan, Papua New Guinea, Sri Lanka and Viet Nam.— VNS

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