Monthly Investor Report

RNS Number : 5557B

VietNam Holding Limited

17 June 2016

 

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

Monthly Investor Report

A report detailing the activities of the Company for the month of May 2016 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

Vietnam's economic data points continue to be overwhelmingly positive. It is easy to glaze over such numbers and not really take them in. We give a few examples here and remind the reader that these are truly rare growth rates in today's world, even today's emerging world. The five-months-growth of industrial production through May was 7.5% year-on-year, and May's purchasing managers' index (collated by Nikkei) was a strong 52.7, up from the 52.3 in April.

The private data group Stoxplus collated outstanding consumer loans at year-end 2015 at USD 15.1bn, up a whopping 44% year-on-year, which serves as a reminder of the enormous new-middle-class consumption boom that is now flowering before our eyes in the country. The first quarter GDP statistics show 9.9% growth for the construction industry, the highest rate seen for six years.

VNH Insights

Vietnamese stocks had a good May, further building upon their solid year-to-date performance. The Vietnam All Share Index has risen 5.5% this year amid a stable local currency, with May itself registering a gain of 2.1%;  the corresponding figures for VNH are +9.8% and +4.2% respectively, leaving VNH's NAV per share at end-May at USD 2.45. The market's 2016-to-date appreciation puts it comfortably in the top quartile of US dollar-adjusted global market performance.  We are well on our way to another solid calendar year for Vietnamese stocks in a bull trend that is now about four years old.

For more information please contact:

VietNam Holding Asset Management Limited	Tel: [phone]
Investor Relations Gyentsen Zatul [e-mail] www.vietnamholding.com
Smith & Williamson Corporate Finance Limited Nominated Adviser	Tel: [phone]
Azhic Basirov / Ben Jeynes
Winterflood Investment Trusts Broker	Tel: [phone]
Joe Winkley / Neil Langford
Buchanan Communications Financial Public Relations	Tel: [phone]
Charles Ryland / Vicky Watkins

 

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