SPECIAL

Low-cost airline launches Da Nang-Hong Kong route Low-cost airline launches Da Nang-Hong Kong route

Low-cost airline Hong Kong Express has officially introduced a new flight route between Da Nang and Hong Kong.


Japan commits $936m in ODA Japan commits $936m in ODA

Japan has committed US$936.4 million in official development assistance (ODA) to Viet Nam for socio-economic development.


Qatar bank opens representative office in HCM City Qatar bank opens representative office in HCM City

The Qatar National Bank opened a representative office in Ho Chi Minh City on Monday with the stated objective of promoting trade between the two countries.


Real estate association sets up brokerage branch Real estate association sets up brokerage branch

The Viet Nam Real Estate Association (VNREA) will establish a brokerage branch to support, represent and protect the rights and interests of organisations and businesses dealing with real estate brokerage.



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

Send Us Your Comments:
Name:
E-mail:
Title:
OTHER NEWS
Supermarket plays white knight for shallot farmersSupermarket plays white knight for shallot farmers

Saigon Co.op has signed agreements with farmers in Soc Trang Province to buy 100 tonnes of Vinh Chau shallot by May to help them cut losses since prices have plummeted following a bumper harvest.

VN needs only five big banks: ExpertVN needs only five big banks: Expert

Viet Nam should have only five major banks that provide financial services and support domestic businesses, as well as effectively compete with foreign banks, which are about to enter the country.  Keith Pogson, managing partner at Asia Pacific Financial Services for Ernst & Young, spoke with the local media about the banking situation in Viet Nam and its development in the future.

Copyrights 2012 Viet Nam News, All rights reserved. Add:79 Ly Thuong Kiet Street, Ha Noi, Viet Nam. Editor_In_Chief: Trinh Thanh Thuy
Tel: 84-4-39332320; 84-4-39332314;Fax: 84-4-39332311; E-mail: bizhub@vnsmail.com
Publication Permit: 599/GP-INTER. ® web design by: VGroup.vn