The signals of the COVID-19 epidemic from Vietnam have been encouraging this week. People have been able to return to shopping malls and streets. The virus no longer seems to scare the public. Some schools have reopened this week and the rest will open early next week. During April, we have witnessed historically weak economic data in the world, the actual released data has turned worse than anyone ever expected and at the same time also Vietnam’s economic growth has been cooling off quickly. In many ways, it is important to analyze these weak figures and think over what kind of consequences and delayed impact current data may have, but at the same time, it is good to keep in mind the nature of the current economic crisis. The flash collapse was caused by policymakers using the ON/OFF switch for economic activity. At the time, when countries push the ON button again, the readings may also surprise the other way around. A small reference to this can be found in the Vietnam export data to China. Just published data shows, that exports of fruit, vegetables, and fishery products to China increased by + 105% in March from the previous month.
Portfolio Manager and Board Member, born 1961. Petri is the founder of PYN Fund Management. He has been a portfolio manager for the PYN Elite Fund since its inception in 1999. Petri has been quoted among the most successful portfolio managers in Finland and Europe. By Citywire, Morningstar and Arvopaperi Magazine. He has 30 years of experience in visionary and successful equity investing. Prior to starting as a full-time portfolio manager, Petri worked as an entrepreneur in the media industry in radio and television program productions. Petri is a graduate of economics. Petri has been living in Asia for a long time on the target markets for PYN Elite investments. In addition to investment, important things in his life are family, sea and fishing, as well as skiing, walking and cycling.
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