With strong GDP growth, a stable macroeconomic environment, increasing exports, and record levels of foreign direct investment, it is easy to see why Vietnam is considered among the world’s most exciting markets. Half of the population of 95 million is under age 35, and an expanding middle class has created a compelling domestic consumption story that has attracted the attention of companies from around the globe.
VOF gives investors access to a range of carefully selected investments in the listed and private companies that are participating in, benefitting from, and driving the sustainable growth Vietnam is experiencing today.
Latest commentary from our fund manager
“Winning is not impressive, but getting tougher in the fourth quarter is” – Paul ‘Bear’ Bryant
October marked the start of the last quarter of what will certainly be a year to remember. The Vietnam Index (VN Index) gained 2.2% for the month, despite a 4% decline during the final week of October, as domestic retail investors took profit across the board, worried about high margin borrowing levels, exogenous factors including the US elections, the uncertainty of a further stimulus package, and surging COVID-19 cases and lockdowns in the UK, EU and US. While the correction at the end of the month was not a surprise, news of a successful vaccine trial coupled with major US media networks declaring a winner in the US elections sent the VN Index back into positive territory by early November.