The VN-Index closed August +0.1%. PYN Elite dipped -1.7%, due to VND currency weakening against the USD by -1.6%. Earlier this month, amidst negative headlines about the bankruptcy filing of Chinese real estate giant Evergrande and the volatility of Vinfast’s…
VN Index soared 9.2% in July and crossed 1200 points for the first time since Sep-22, driven by the broad-based rallies of various sectors. PYN Elite +5.2% MoM, led by VHM, VRE, ACV and MBB. After 4 rounds of policy…
June passed with numerous events. The reduction of value-added tax (VAT) by 2 percentage points, a 50% lower car registration fee and a new 90-day visa policy were passed to boost the service and manufacturing sectors. The National Assembly also…
VN-Index +2.5% driven by a broad sector recovery. Notably, the small-cap companies outperformed the large-caps, with VN Small-cap Index +9.7%, VN Mid-cap +4.3% while VN30 Index only inched up +1.4%. PYN Elite +1.8% driven by VHM and STB. Following the…
The VN-Index retreated by 1.5% in April after a rally in March. PYN Elite -1.8% MoM and +4.5% YTD. In April, a series of new policies were issued at an unprecedented pace to support the economy: Most notable was Decree…
The collapse of Silicon Valley Bank, Signature Bank and Credit Suisse – UBS emergency takeover had raised questions on banks’ operation in U.S. and Eurozone, thus leading to a sharp sell-off in the middle of March. In Vietnam, The State…
VN Index -7.8% in Feb on a broad market sell-off fueled by real estate companies. PYN Elite -11.2% on VHM, CTG and STB. A prominent developer (not our portfolio company) postponed bond coupon payments due to financial constraints. Although the…
The market is off to a strong start in 2023, as VN-Index +10.3% and PYN Elite +10.3% in Jan, both driven by the stellar rally of the banking stocks. In the middle of the market storm in 4Q22, we made…
In December, VN-Index down -3.9% and PYN Elite up +1.1%. Foreign investors continued to net buy 540 million USD, focusing on HPG, STB and VHM. HOSE’s average trading liquidity improved to about 600 million USD. VN-Index had a volatile year,…
PYN Elite gained +11% in November, driven by VHM, VRE and CTG. VN Index (+2%) was volatile: it first dived -15% before a strong rebound. Two real estate developers suffered margin call as their shares were used as collateral for…