Monthly Investor Report

RNS Number : 5274F

VietNam Holding Limited

12 November 2015

 



VietNam Holding Limited ("VNH" or the "Company")

Monthly Investor Report

A report detailing the activities of the Company for the month of October 2015 has been issued by VietNam Holding Asset Management Limited, the investment manager of the Company. Electronic copies of the report have been made available to shareholders on the Company's website at http://www.vietnamholding.com/publications/investor-reports and a summary of the report is included below.

Investor Report Summary

Vietnam News

The market performed very well in the month, with the VNAS index rising 7.4%, broadly in line with the worldwide equity bounce in the month (MSCI World up 7.8%) - the latter helped by soothing talk from central bankers and buoyant global M&A activity.

The key positive news of the month:

1) The signing of the Trans-Pacific Partnership (TPP) trade agreement finally happened, a very important milestone for Vietnam especially.     

2) Inward FDI data is very robust as FDI in 2015 is likely to represent a major step-up in disbursals to a new high of around $15bn, which would be a jump from the average of recent years of about a quarter.

3) Other growth dynamics look good too, especially for consumption (retail sales up 10% YoY) and in the property sector, where unsold inventories are down more than half in the past two years as the sector's healthy development appears to have firmly taken hold.

4) Plenty of good corporate results abound, with bellwether Vinamilk impressing this month with its Q3 results, which featured 12% domestic volume growth.            

VNH Insights

On the back of the positive news listed in the Vietnam News section above, VietNam Holding's NAV per share increased by a rewarding 8.2% in October, bringing the year-to-date gain to 7.9%, which compares well against the VNAS Index' 1.6% USD-adjusted performance for the first ten months of 2015. Even more pleasing is VNH's share price performance so far this year as it ended October at USD 1.96 (+15.5% YTD).

For more information please contact:

VietNam Holding Asset Management Limited	Tel: [phone]
Gyentsen Zatul - Investor Relations [e-mail] www.vietnamholding.com
Altium Capital Limited (Nominated Adviser)	Tel: [phone]
Tim Richardson
Winterflood Investment Trusts (Broker)	Tel: [phone]
Joe Winkley / Neil Langford
Buchanan Communications	Tel: [phone]
Charles Ryland / Vicky Watkins

 

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