TPP negotiations concluded TPP negotiations concluded

Trade ministers of 12 Trans-Pacific Partnership (TPP) member states have reached the final consensus on the world's largest free trade agreement.

Central bank lends finance ministry $1.33 billion Central bank lends finance ministry $1.33 billion

The central bank has lent the Ministry of Finance VND30 trillion (US$1.33 billion) to help ease tension related to State budget overspending.

Viet Nam rises on Global Innovation Index 2015 Viet Nam rises on Global Innovation Index 2015

Viet Nam climbed 19 places from last year to rank in 52nd out of 141 countries, on the 2015 Global Innovation Index (GII)

VN receives 97 new foreign investors for stock market in September VN receives 97 new foreign investors for stock market in September

The Viet Nam Securities Depository reported yesterday that 97 foreign investors were granted with trading codes last month.

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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TPP agreement poised to boost Viet Nam-US tradeTPP agreement poised to boost Viet Nam-US trade

The Trans Pacific Partnership (TPP), which includes 12 Pacific Rim countries, successfully concluded in Atlanta on Monday after over five years of negotiations. This historic agreement, which will help lower tariffs and open markets in 40 per cent of the world's economy, has received praise world-wide.

HCM City cracks down on delays HCM City cracks down on delays

The recent decision by HCM City authorities to revoke 298 development projects, mainly public works, reveals a determination to take stronger measures against delays.

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