News

April 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…

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VIETNAM 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…

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VIETNAMESE 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…

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VIETNAM 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.…

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COVID-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…

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March 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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VN INDEX BOTTOMING OUT: –43% IN TWO YEARS

The US stock markets crashed 57% from their peak levels during the 2008–2009 financial crisis. The 1929 stock market crash was a similar magnitude of 50 %, but it was followed by a banking crisis that lasted around three years,…

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Investor Letter 1/2020

Unfortunately, in recent days, many other countries have been forced to follow the similar measures already seen in China to curb the coronavirus epidemic. We hope that your relatives survive the globalized coronavirus epidemic without serious consequences and that your…

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February 2020

February was a turbulent period for global stock markets when more cases of people infected with the Coronavirus were reported in Korea, Italy and other regions. VN Index declined 5.8%, caused by VIC (-8.2%), SAB (-22.2%) and BID (-11.7%) while…

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ALL IN!

The Vietnamese market was attractively priced even before the stock market slump caused by the coronavirus. Vietnamese listed companies have seen good earnings growth, but the index has been consolidating and getting ready for a further take off for a…

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