VN-Index -10.9% in October, the strongest decline since Sep-2022. PYN Elite was in line at -10.5% MoM. The market became more jittery as VND depreciated 3.7% against USD in 3
Vietnam’s economy is on the right track, even though it may not be evident from the recent decline in stock prices. In this Investor letter, we will take a closer
The VN-Index down -5.7% in September. PYN Elite -7.4%, an extra hit from VND weakness. After the Independence holiday, the market reacted positively to the US-Vietnam comprehensive strategic partnership upgrade
The strong upward momentum seen in the Vietnamese stock market at the beginning of summer has slowed down a bit. Globally, the uncertainty of investment markets and the economy has
The VN-Index closed August +0.1%. PYN Elite dipped -1.7%, due to VND currency weakening against the USD by -1.6%. Earlier this month, amidst negative headlines about the bankruptcy filing of
Vietnam’s stock market has gained a positive momentum. On the real economy side, however, there are still headwinds: Vietnamese consumer confidence has experienced a momentary bump, and at the same