June passed with numerous events. The reduction of value-added tax (VAT) by 2 percentage points, a 50% lower car registration fee and a new 90-day visa policy were passed to
Maggie Yi of the PYN Elite portfolio team was interviewed by Antti Järvenpää from Inderes. The discussed topics were among others the market sentiment, the banks in the PYN Elite
Several of PYN Elite’s top holdings companies reported very strong earnings for the first quarter, in spite of earnings growth in the stock market being generally subdued. The mall operator
VN-Index +2.5% driven by a broad sector recovery. Notably, the small-cap companies outperformed the large-caps, with VN Small-cap Index +9.7%, VN Mid-cap +4.3% while VN30 Index only inched up +1.4%.
Vietnam’s GDP growth slowed to 3.3% during Q1. The country’s exports have recorded weak numbers since autumn, alike other Asian exporting countries, but the weakness of exports is not the
The VN-Index retreated by 1.5% in April after a rally in March. PYN Elite -1.8% MoM and +4.5% YTD. In April, a series of new policies were issued at an