Masan Group opens hub in Nghe An Province Masan Group opens hub in Nghe An Province

The conglomerate Masan Group has opened Masan MB - a manufacturing hub - to produce branded foods and beverages at Nam Cam Industrial Zone in Nghe An Province's Nghi Loc District.

Pan Brothers seeks Vietnamese and Cambodian partners Pan Brothers seeks Vietnamese and Cambodian partners

Publicly listed textile manufacturer PT Pan Brothers is seeking local partners to jointly build and operate the company's textile factories in Vietnam and Cambodia, the company's senior executive has said.

Ministry announces goods exempt from tax under TPP Ministry announces goods exempt from tax under TPP

The Ministry of Finance yesterday officially announced the list of goods which would enjoy tax reduction when the Trans-Pacific Partnership (TPP) is signed and comes into effect.

Viet Nam e-commerce developing Viet Nam e-commerce developing

E-commerce has developed vigorously in Viet Nam in recent years and has helped Vietnamese companies improve their businesses.

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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