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Airbus exhibits new A350 XWB aircraft in Ha Noi Airbus exhibits new A350 XWB aircraft in Ha Noi

Airbus, one of the world's leading aircraft manufacturers, has flown in its all-new A350 XWB jet plane here for the first time as part of a five-city Asian demonstration tour.


Many new cars introduced at Motor Show in HCM City Many new cars introduced at Motor Show in HCM City

Auto companies on Wednesday launched their latest cars with high technologies at the Motor Show now being held in HCM City.


Apple distributors announce prices of latest iPhones Apple distributors announce prices of latest iPhones

Official distributors of Apple products in Viet Nam have publicised the prices of iPhone 6 and iPhone 6 Plus, which will go on sale nationwide beginning November 14.


ThaiBev seeks stake in Sabeco ThaiBev seeks stake in Sabeco

The Thai Beverage Public Company Limited (ThaiBev), owned by Thailand's third-richest man, plans to buy a stake in Viet Nam's largest brewery Sai Gon Beer (Sabeco), reported Wall Street Journal's website online.wsj.com.



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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