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
“Markets can stay irrational longer than you can stay solvent” – John Maynard Keynes
The impressive recovery that the benchmark Vietnam Index enjoyed since early April ended abruptly by July, with the VN Index down 2.7% (USD total return basis) to close at 798.4 points. A flare-up of COVID-19 community transmission that started in the coastal city of Danang, the nation’s third largest city, quickly spread to surrounding provinces and unsettled local investors, albeit with far less impact than during the first outbreak. Once again, the quick and decisive actions of the government and health authorities are to be commended, as they quickly put a limit to the potential spread of the virus into the wider community and more importantly, limited the impact to the nation’s capital Hanoi and bustling Ho Chi Minh City. Sadly, there have been more than 20 recorded deaths that have arisen from complications due to the virus, principally affecting the elderly, while the total number of confirmed infections since the start of the pandemic is reaching 1,000…