The VN-Index gained 3.2% in February, driven by a broad-based rally, particularly in banks, brokerages, and basic materials. PYN Elite rose 0.2% as the Dong weakened 1.9% against dollar and
PYN Elite +0.10% in January, slightly outperforming the VN-Index (-0.14%), driven by gains in MBB, STB, and VCI. The market had a slow start to the year with muted trading
1. Could the Vietnamese government succeed in accelerating growth to over 7% in 2025? YES 2. Is it fair to argue that Vietnam’s economic growth will continue to outperform the
PYN Elite rose +4.0% in December, outperforming the VN-Index (+1.3%). The VND continued to weaken -0.4% compared to the USD. From the beginning of 2024, the VND has depreciated -4.8%
Lan Nguyen from the PYN Elite portfolio team was interviewed by Sara Antonacci from Inderes. During the conversation, Lan shared PYN Elite’s view on Donald Trump’s presidency, Vietnam’s stock market
PYN Elite has delivered an 18% return in 2024, outperforming the VN-Index. However, in our expectations, we would have assumed much more robust market performance for Vietnamese stocks – and