Wednesday, 16 April 2014
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Viet Nam to become jeans production hub: Jeanologia Viet Nam to become jeans production hub: Jeanologia

Spanish company Jeanologia, which specialises in developing sustainable technologies for garment finishing, wants to make Viet Nam a global hub of jeans production.


Vietnam Airlines makes plans for September IPO Vietnam Airlines makes plans for September IPO

The State-owned flag carrier plans to launch its initial public offering (IPO) in September, stated Deputy Minister of Transport Nguyen Hong Truong during the ministry's Q1 meeting.


Big banks to raise charter capital in positive move Big banks to raise charter capital in positive move

While some small commercial banks failed to raise their charter capital last year, some major lenders have already approved adding millions of US dollars to their charter capital this year.


Gov't gives the go-ahead for telco giant split ahead of IPO Gov't gives the go-ahead for telco giant split ahead of IPO

The Government has approved a proposal from the Ministry of Information and Communications (MIC) to separate service providers under the Viet Nam Post and Telecommunication Group (VNPT) in preparation for their equitisation.



AFC launches $50 million investment fund in Viet Nam
Updated: Tuesday, Dec 03, 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
VNA offers yet another discounted airfare schemeVNA offers yet another discounted airfare scheme

The national carrier Vietnam Airlines (VNA) has launched its promotional programme called "Golden Moments" for the ninth time on some domestic routes.

Chartered accountants abide by code of ethicsChartered accountants abide by code of ethics

Martin Turner, president of the Association of Chartered Certified Account-ants Global, shares his views with Viet Nam News on the code of ethics and standards in accounting as well as career orientation and professional development in the fields of accounting and auditing.

City leads partnership to develop supply chain City leads partnership to develop supply chain

In the first quarter HCM City signed off on co-operation deals with southern and Mekong provinces to enable its businesses to invest in projects and create supply chains in those places.

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