SPECIAL

Gas, condensate found off southern Viet Nam coast Gas, condensate found off southern Viet Nam coast

Three companies on August 20 announced the discovery of gas and condensate in the fourth well in Blocks 05-1b and 05-1c off the southern Viet Nam coast.


Two new seaplanes to boost luxury tourism Two new seaplanes to boost luxury tourism

Hai Au Aviation is introducing today two of its three new Cessna seaplanes from the US that promises to provide a unique and breath-taking experience for tourists in Viet Nam.


Vietnamese customers prefer smartphones with 5-inch screens Vietnamese customers prefer smartphones with 5-inch screens

Twenty-five per cent of the Vietnamese customers want their next smartphone to have a 5-inch screen.


Car industry faces development roadblocks Car industry faces development roadblocks

Viet Nam's ambitious master plan for the development of its fledgling automobile manufacturing industry for 2020 to 2030, which the government recently endorsed, is facing major stumbling blocks.



AFC launches $50 million investment fund in Viet Nam
Updated: Tuesday, Dec 03, 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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