SPECIAL

PVN tops local enterprise revenue PVN tops local enterprise revenue

The National Oil and Gas Group (PVN) has been named as Viet Nam's largest company in terms of revenue, the VNR500 report announced yesterday.


Ha Noi's red books' issuance reaches record high Ha Noi's red books' issuance reaches record high

Data from Ha Noi Department of Environment and Natural Resources (DENR) show that the capital city has issued more than 40,000 house ownership certificates, or red books, this year.


Flappy Bird creator among top Internet millionaires: website Flappy Bird creator among top Internet millionaires: website

American entertainment website TheRichest has listed Nguyen Ha Dong, the Vietnamese creator of the Flappy Bird game, among the top 10 Internet millionaires who made money out of thin air.


Pilot project allows people to fuel cars themselves Pilot project allows people to fuel cars themselves

Car drivers can now fuel their vehicles themselves, as part of a pilot project that began at two filling stations in Ha Noi on December 1.



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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FDI info system launchedFDI info system launched

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