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
PYN Elite declined -1.2% in November, slightly underperforming the VN-Index (-1.1%). Following Trump’s victory, foreign investors sold regional markets broadly on concerns over tariffs and forex risks. Other markets fared
Vietnamese bank stocks performance has shown promising signs this year, but price gains have remained moderate, ranging at level of 15% to 30%. In a period of less than three
The weeks following Donald Trump’s election victory have brought an unwelcomed wave of selling in emerging markets. This marks the third consecutive week of outflows. The strengthened U.S. dollar has