PYN Elite rose by 3.1% in August, outperforming the VN Index’s 2.6%, driven by banks’ outperformance and DBC (+10.9%). Despite initial uncertainty over Vietnam’s leadership change, local businesses perceive the
There has been a lot of good news from Vietnam lately. The growth of industrial production has accelerated and in the last three months, expansion of over 10% has been
The market had a turbulent July as the VN Index fluctuated sharply between 1220 and 1300, closing +0.5% MoM. PYN Elite NAV remained unchanged from June. The market was supported
PYN Elite +1.8% in June, beating VN-Index’s sluggish performance -1.3%. Our aviation stocks continued to rally, ACV +18% and HVN +19%. The National Assembly passed in the annual meeting the
Inderes interviewed Maggie Yi from the PYN Elite portfolio team about the Vietnamese market. Maggie says the improved macro numbers are among other factors behind the good performance of the
The Vietnam stock index has gained about 15% since the beginning of the year, and the market sentiment is cautiously optimistic. Macroeconomic figures have supported the sentiment, and we expect