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
May 2019: A Tweet not so Sweet
The Vietnam stock market declined by 2.6% in May (USD terms), following the trend in other markets around the world, after US President Trump tweeted that he intends to raise tariffs on China, claiming that it had backtracked on commitments made in recent trade negotiations. Markets suffered further uncertainty when President Trump tweeted that the US will increase tariffs on Mexico as punishment for the flow of illegal immigrants into the US, leading many commentators to believe that there is a possibility that the trade war could spread to other countries and not be contained to China alone. The ongoing trade war is a “principle threat” to global economic growth according to the IMF, who have revised down their forecasts for 2019 and 2020 should tensions intensify.