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

October: Decent Q3 earnings results help market overcome psychological barrier

VOF’s NAV per share increased 2.2% over the month, while the VN Index ended the month up only 0.2% and a point away from the all-important 1,000 point psychological barrier. Having spent the last few months moving sideways and failing to break through, in early November at the time of writing, the Index is now comfortably above this level as the market received a boost from a several share buyback announcements from Index heavy weights such as Vinhomes and VinCom Retail as well as generally positive third quarter results from most sectors, most notably the banking sector which saw a 45% y-o-y increase in net profit for the quarter. Overall, Q3 results from companies that have reported, have showed net profit increasing 19% y-o-y, a significant pick up from H1 (+4% y-o-y), resulting in a year-to-date increase of 11% y-o-y….

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