SPECIAL

Foreign investors inject $3b in Vietnamese firms Foreign investors inject $3b in Vietnamese firms

Foreign investors have invested almost US$3 billion in Vietnamese enterprises in the last twelve months ending July 2016, the Foreign Investment Agency under the Ministry of Planning and Investment reported on Thursday.


VN to develop competition policy VN to develop competition policy

Viet Nam is developing a comprehensive competition policy scheme in an effort to refuel reform and accelerate growth towards a market-based economy.


Inspectorate to investigate MobiFone stake purchase in AVG Inspectorate to investigate MobiFone stake purchase in AVG

Viet Nam's Government inspectorate will conduct a comprehensive inspection of MobiFone Telecommunications Corporation's business transaction in which it acquired a 95 per cent stake in Audio Visual Global JSC (AVG).


Central bank sounds alarm after hacks Central bank sounds alarm after hacks

The State Bank of Viet Nam has written to banks, credit institutions and financial organisations, warning them against hackers a day after the websites of Noi Bai and Tan Son Nhat airports and Vietnam Airlines were hacked.



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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OTHER NEWS
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