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Vietnam private equity company ABB seeks $100m for 2nd fund

Plans to back small and midsize enterprises in nation's growing economy

Vietnam has recently emerged from strict COVID-19 lockdowns in the wake of the pandemic.   © Reuters

HANOI -- Vietnam-based private equity (PE) company ABB is raising a $100 million second fund, according to a top executive at the firm.

ABB, which is associated with local investment banking company Asia Business Builders, expects to close fundraising in the first half of the year. It launched its first $20 million PE fund in 2018, which has now fully invested.

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