Class of super rich growing Class of super rich growing

Viet Nam's cluster of super rich individuals has tripled over the past decade, revealed World Bank (WB) senior economist Gabriel Demonbynes at a press conference in Ha Noi.

Treasury bills, bonds sell more Treasury bills, bonds sell more

Transactions of Treasury bills and Government bonds have risen because of the good liquidity of banks for the second consecutive week. Despite this, positive credit growth in the banking system is out of sight.

The Gioi Di Dong surges to ceiling on listing The Gioi Di Dong surges to ceiling on listing

The Gioi Di Dong (Mobile World) Investment Corporation shares (MWG) began trading on July 14 on the HCM City Stock Exchange, hitting the 20 per cent ceiling right in the morning session.

VNG sells its e-commerce website to FPT VNG sells its e-commerce website to FPT

Viet Nam's Internet and technology corporation VNG announced on July 9 that it has sold its e-commerce website www.123mua.vn to the FPT Corporation, but did not reveal the selling price.

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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We are fearless against our competitors: BMW chiefWe are fearless against our competitors: BMW chief

The luxury car market has been buzzing this year with the appearance of new brands and models. But Sergio Solero, managing director of BMW Group Asia, tells Viet Nam News his company is not fazed by competition.

Good jobs hard to find for returning workers Good jobs hard to find for returning workers

Thousands of workers struggle to find a suitable job after returning home to Viet Nam despite having good skills and experience of working abroad for years.

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