News
June 2020
VN INDEX declined -4.6% in the month, driven by large cap such as VIC (-8%) and VCB. PYN Elite is almost flat at -0.5% in the month. Liquidity was strong in 2Q2020 with average daily trading value at $278m (+51%…
Read more DownloadInvestor Letter 2/2020
The VN index return was –13.4% this year on the date of this letter. PYN Elite’s value has also declined by roughly 8% YTD. Events in financial markets has been exciting this spring. The dramatic fluctuating upward and downward days…
Read more DownloadSituation under control
The Vietnam Stock Exchange started in 2020 with an index reading of 960 (A). The Vietnamese economy was having good growth and the earnings expectations of listed companies were rather robust. At the turn of the year, a period of…
Read moreApril 2020
The negative impact of Covid-19 deepened in April and as a consequence, many governments worldwide were forced to either lock down their countries or utilize tough social distancing. In the grey picture, Vietnam stood out as a bright spot with…
Read more DownloadVIETNAM ON/OFF
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…
Read moreVIETNAMESE STOCK MARKET
The Vietnamese stock exchange has been on a slide since April 2018 by 35.2 percent. Decline is now 18.8% since the beginning of this year. After the weak two-years performance, about one fifth of the stock market’s value has been…
Read moreVIETNAM GDP TO GROW 3% IN 2020
Vietnam’s growth froze in the first quarter of the year but continued to record a GDP growth rate of 3.82%. Manufacturing and exports continued to maintain moderate growth, although the growth figures also weakened towards the end of the quarter.…
Read moreCOVID-19 VIETNAM
Vietnam’s latest COVID-19 figure is 266 infections. Only one new infection has been detected in the last 24 hours. No country has been able to compile statistics on virus infections correctly, but it is wrong to assume that numbers from…
Read moreMarch 2020
March was a complete knock out: oil prices collapse, stock markets faced panic and forced selling with volatility unseen before, central banks took immediate action. S&P 500 dropped -20% YTD, and -13% in March. Indices in Japan, Korea and HK…
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