News

PYN Elite up 1.8% in June

VN-Index recovered from mid-June following the signing of a 14-point MoU between the US and Iran, which established a ceasefire framework. However, the Index still ended June -0.2%, with bank stocks leading

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A summer note

I’m writing this investor letter on a small island in the Sipoo archipelago. I can see the little ones of the bird families have hatched and are hopping around in their

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PYN Elite up 1.0% in April

The defining event of April was FTSE’s formal confirmation of Vietnam’s upgrade from Frontier to Secondary Emerging Market. The reclassification will be implemented in four tranches, beginning in September 2026

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All going well and not so well

So far in Q1, 238 Vietnamese listed companies have reported their results. Their combined earnings growth is +43%. These companies represent only 17% of the total market, but we can

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PYN Elite down 9.6% in March

The VN-Index fell sharply by 11% in March as a broad sell-off spread across sectors, driven by concerns over the ongoing US and Israel war with Iran. The index briefly

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