| 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 global growth throughout this decade? | YES |
| 3. | Is Vietnam’s new regime clearly committed to boosting economic growth? | YES |
| 4. | Is there any concern in Vietnam’s current inflation outlook? | NO |
| 5. | Is Vietnam over-indebted? | NO |
| 6. | Is the real estate market cycle adding pace? | YES |
| 7. | Is there a good momentum for robust earnings growth? | YES |
| 8. | Are Vietnamese stocks attractively priced? | YES |
| 9. | Is it likely that the stock market’s new platform will be implemented during 2025? | YES |
| 10. | Is it likely that FTSE will upgrade Vietnam to emerging market status during 2025? | YES |
| 11. | Does the State Bank have the intention to tighten monetary policy? | NO |
| 12. | Has the quick appreciation of the US dollar hurt the stock market sentiment? | YES |
| 13. | Will there be more M&A activities and IPOs in Vietnam during 2025? | YES |
| 14. | Should there be concerns that Trump’s tariffs will weaken Vietnam’s export competitiveness? | NO |
| 15. | Can the earnings growth bring the market’s P/E ratio down to 10 in 2025? | YES/NO* |
| * If the earnings growth meets expectations, the P/E is unlikely to drop this low, as the stock market would likely respond with a rally. |
