Revised GDP goal despite Q3 bump Revised GDP goal despite Q3 bump

Economic growth this year would climb up to 6 per cent on the back of recovery signs shown in the third quarter, falling short of the 6.7 per cent target set by the Government.

Don't publish, get punished, SOEs warned Don't publish, get punished, SOEs warned

Several big companies are planning to follow their peers in moving their shares from Ha Noi to the HCM Stock Exchange (HOSE) in an attempt to boost stock prices and improve liquidity.

Note 7 exchange starts today Note 7 exchange starts today

The Viet Nam Competition Authority (VCA) is actively supervising the recall and exchange programme of all Galaxy Note 7 models from Samsung Electro-Mechanics Viet Nam Co Ltd (SEMV).

Retailers look for e-commerce uplift Retailers look for e-commerce uplift

More and more retailers in the country are shaking hands with big e-commerce companies in order to widen their businesses while ensuring cost savings.

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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