SPECIAL

Mekong named a best-value destination Mekong named a best-value destination

Viet Nam's Mekong Delta has been chosen among the 10 best-value destinations for 2015 by Rough Guides, a British publisher of travel and reference guides.


Firms urge delay of circular that made investors panic Firms urge delay of circular that made investors panic

A number of companies and agencies have expressed their desire to postpone the implementation of Circular 36 after the State Bank of Viet Nam declared its urgency.


ETFs open new opportunities to help investors handle risk ETFs open new opportunities to help investors handle risk

Opportunities to invest in exchange-traded funds (ETFs) were introduced to investors yesterday by the Ha Noi Stock Exchange and FPT Securities Company.


Spam text messages annoy mobile phone users Spam text messages annoy mobile phone users

Many Vietnamese mobile phone users feel annoyed with the daily receipt of dozens of spam text messages that advertise apartments in newly constructed buildings.



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
Korean coffee chain opens 2nd outlet in HCM CityKorean coffee chain opens 2nd outlet in HCM City

Four months after entering the Vietnamese market, Caffe Bene, a South Korean coffee chain, has opened a second outlet in HCM City.

Urban property market set for a good yearUrban property market set for a good year

The domestic real estate market is likely to warm up this year, with the amended Housing Law allowing foreigners to buy property. Viet Nam News talked with economic expert Nguyen Tri Hieu about this issue as well as the most promising segments in the property market.

Who will benefit from the weaker dong? Who will benefit from the weaker dong?

A new year has come, bringing with it some good news for exporters : the State Bank of Viet Nam has decided to depreciate the dong by 1 per cent.

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