VN index -5.4% in May dragged down by steelmaker HPG and banks. PYN Elite (-1.6% MoM) fared better as VHM rose 10% on a successful project launch. In May, the
Vietnam’s continued crackdowns on bond market irregularities and stock market manipulation with several arrests have sent the VN-Index down by 8.4% in April. PYN Elite -10.2%, led by the declines
VN market (+0.14%) was peaceful compared with the world. PYN Elite dipped slightly by -1.5%. Local investors take a cautious stance toward geopolitical events and the current margin lending balance
Russian invasion of Ukraine in the last week of February as well as the built-up tensions before the event have created a large divergence in Vietnam’s stock market throughout the month,
PYN Elite was +2.7% in January, outperformed VN Index (-1.3%), driven by VRE, MBB and CTG. Vietnam market witnessed high volatility within the month: a few speculative stocks popular among
Vietnam finished 2021 as one of the top-performing markets globally with VN-Index +1.3% in Dec and +35.7% YTD. PYN Elite outperformed, with NAV +4.8% MoM and +42.7% YTD. This month,
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We have become aware in recent weeks of an ongoing fraud in Vietnam. This fraud involves the illegal use of the names ‘PYN’ or ‘PYN Elite,’ or variations thereof, in attempts to scam money from individuals through false or fake companies, mobile apps, websites, or social media.