SPECIAL

Exports to Canada see growth Exports to Canada see growth

The volume of Vietnamese exports to Canada has increased by 17 per cent annually, said Zaki Munshi, Asia Project Manager of the Trade Facilitation Office Canada on Thursday.


VN fruit reaches int'l markets VN fruit reaches int'l markets

Vietnamese fruits have gradually conquered world markets, said Nguyen Xuan Hong director of the Ministry of Agriculture and Rural Development's (MARD) Plant Protection Department.


Capital to host biotechnology fair Capital to host biotechnology fair

A three-day fair on technology and biological equipment will take place in the capital on October 21 organised by the National Agency for Science and Information Technology.


Cash still trumps online payment Cash still trumps online payment

Electronic payments for online transactions remained modest compared with cash-on-delivery payments, according to a recent report of the Ministry of Industry and Trade on e-commerce in Viet Nam.



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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