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VN seeks to match ASEAN productivity VN seeks to match ASEAN productivity

Viet Nam is endeavouring to be shoulder-by-shoulder with Brunei, Indonesia, Malaysia, Philippines, Singapore, and Thailand in the field of labour and employment by boosting labour productivity.


Restructuring credit institutions top priority Restructuring credit institutions top priority

Viet Nam News reporter Ngoc Bich talks with the State Bank of Viet Nam's Governor Le Minh Hung about the opportunities and challenges that the banking system will face in the near future.


PM calls for business friendly decrees PM calls for business friendly decrees

Prime Minister Nguyen Xuan Phuc urged ministries to hasten the process of drafting decrees providing guidelines for investment and business activities, under Dispatch 789/TTg-PL that he signed last weekend.


Fitch affirms Viet Nam rating at 'BB-' with a stable outlook Fitch affirms Viet Nam rating at 'BB-' with a stable outlook

Fitch Ratings on Wednesday affirmed Viet Nam's long-term foreign and local currency IDRs at 'BB-' with a stable outlook.



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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