SPECIAL

Viet Nam ranks high in M&A Viet Nam ranks high in M&A

Viet Nam ranks high among ASEAN countries in the number of merger and acquisition (M&A) deals and the value of deals that involved the world's inflow capital, according to the consulting firm RECOF Corporation of Japan.


SSC to outline details of foreign ownership SSC to outline details of foreign ownership

This week, the State Securities Commission (SSC) will hold a meeting with the two local exchanges, companies and investors to provide instructions to implement decree 60, issued in June to raise foreign ownership in Vietnamese companies.


Malaysian bank receives approval for Viet Nam operations Malaysian bank receives approval for Viet Nam operations

The Government last week gave in-principle approval to CIMB Group Holding Bhd, Malaysia's second-largest bank, to open branches in Viet Nam.


Nearly $1.7b of FDI pours into real estate market Nearly $1.7b of FDI pours into real estate market

The country's property market attracted US$1.69 billion in foreign direct investment (FDI) for 15 projects in the first seven months of 2015, according to the Foreign Investment Agency.



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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OTHER NEWS
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ICT companies call for level playing fieldICT companies call for level playing field

Viet Nam is currently one of the world's biggest exporters of electronics and ICT products, but the electronics supporting industry is mainly driven by foreign businesses.Do Thi Thuy Huong, a member of Viet Nam Electronics Industries Association's executive committee, tells Viet Nam News about the industry's development and challenges.

Viet kieu, foreigners invest in homes Viet kieu, foreigners invest in homes

The changes to the housing law allowing foreigners and Viet kieu (overseas Vietnamese) to buy houses in Viet Nam (from July 1) has had an impact on the housing market.

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