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Thien Thanh firm's top leaders arrested Thien Thanh firm's top leaders arrested

Three top officials of the HCM City-based Thien Thanh Group Ltd Company were arrested yesterday for allegedly violating Viet Nam's Penal Code's Article 165.


VN becomes second-largest importer of Australian beef VN becomes second-largest importer of Australian beef

Viet Nam has become the second largest importer of Australian cattle, behind Indonesia, according to BeefCentral.com, a free news website and market intelligence service dedicated to the Australian beef industry.


Vingroup begins construction of Vinhomes Tan Cang Vingroup begins construction of Vinhomes Tan Cang

Vingroup kicked off construction of the exclusive Vinhomes Tan Cang urban complex in HCM City on July 26.


Viettel delivers iPads to Viet Nam Viettel delivers iPads to Viet Nam

Viettel has become the first mobile network in Viet Nam to officially deliver the iPad from US-based Apple Inc.



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
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