VOF
| Share price | 344 |
| Daily % Change | -1.43% |
| NAV per share USD | 4.97 |
| NAV per share GBP | 4.08 |
| Total NAV USD (in millions) | 918.7 |
| Total NAV GBP (in millions) | 754.4 |
| Published NAV date | 31 August 2019 |
Dividend
| Dividend (USD) | 5.5 cents |
| Declaration date | 27 March 2019 |
| Record date | 5 April 2019 |
| Payment date | 26 April 2019 |
| Go to Dividend Declaration | |
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
August: Mixed performances in key holdings, successful pre-IPO exit.
August was a down month for the Vietnamese stock market with the VN Index decreasing by 0.7% in USD terms, outperforming emerging markets. The market is today trading at 16x trailing 12 months P/E, and remains at a discount of 13% to ASEAN peers. VOF’s NAV declined by 1.2%, with mixed capital market performances. The major decliners in the capital portfolio were Hoa Phat Group (HOSE: HPG), Coteccons Construction (HOSE: CTD) and Ricon (OTC: RCI) which we discuss below while on the plus side, key holdings such as Phu Nhuan Jewelry (HOSE: PNJ) and Khang Dien House (HOSE: KDH) increased 7.1% and 8.4% respectively…
