Monthly Investor Report

RNS Number : 7923E

VietNam Holding Limited

20 July 2016

 

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

Monthly Investor Report

A report detailing the activities of the Company for the month of June 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

Headline second quarter Vietnamese GDP growth came in at a rather modest 5.5%, essentially unchanged from the first quarter figure. Closer examination reveals a similar underlying story to the first quarter: agriculture (-0.2% in 2nd quarter) and extractive industries (-2.9% in 2Q) were again a major drag on the overall figure, with manufacturing (+10.1% in the first half year) construction (+8.8% in 1H) and retail/wholesale (+8.1% in 1H) all performing very well. In light of the El Niño aftermath and global oil glut phenomena, the GDP figures in themselves are perfectly fine and do not appear to be a cause for worry.

VNH Insights

Another 3.5% gain for the Vietnam All Share Index in June increases the calendar half year performance to +9.2% in VND and +10.1% in USD. In turn, VNH's monthly NAV performance was +10.9% for a net asset value per share of USD 2.678, putting the half year performance at +20.0%.

VNH would be perfectly happy as Vietnamese equity investors if the 2016 full year GDP growth outcome was in the vicinity of 6.0%; this in itself would imply improved growth in the second half.

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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