SPECIAL

No immediate Brexit impact on UK trade: expert No immediate Brexit impact on UK trade: expert

Great Britain's exit from the European Union (EU) will not immediately affect trade relations between Viet Nam and Britain, an official from the Central Institute for Economic Management (CIEM) said.


National CPI reaches 5-year high in June National CPI reaches 5-year high in June

Viet Nam's consumer price index (CPI) rose by 0.46 per cent month-on-month in June, the highest June increase recorded over the last five years, the General Statatistics Office (GSO) announced yesterday.


Unbalanced property market development fears Unbalanced property market development fears

Early alarm bells have been rung about the potential unbalanced development in supply and demand in the realty market.


Decrees must help businesses: PM Decrees must help businesses: PM

New decrees are to liberate productive forces, facilitate businesses and people, and drive development, Prime Minister Nguyen Xuan Phuc said yesterday.



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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