SPECIAL

HCM City is among 10 fastest-growing cities HCM City is among 10 fastest-growing cities

HCM City is among the 10 fastest-growing cities in the world, a new report issued yesterday said.


Citi gets nod to operate subsidiaries Citi gets nod to operate subsidiaries

Citibank has received approval from the State Bank of Vietnam to build subsidiaries in Viet Nam.


VN-US economic ties have grown quickly since BTA VN-US economic ties have grown quickly since BTA

Since the normalisation of relations 20 years ago, economic relations between Viet Nam and the US have developed strongly in many sectors, and are expected to grow even further in the future, especially after the Trans-Pacific Partnership is signed.


More foreign investment will help securities More foreign investment will help securities

A decree issued last month that allows foreign investors to raise their ownership in Vietnamese companies will help Viet Nam's securities market, said Andy Ho, Chief Investment Officer of VinaCapital.



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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