We have experienced an unexpected and very peculiar year in Vietnam. In 2022 the stock market of Asia’s fastest-growing, most competitive, and the least-indebted country has faced a total crash.
In October, the arrest of unlisted real estate (RE) developer Van Thinh Phat (VTP) Chairwoman and unlisted bank SCB’s involvement in its illegal issuance of multi-billion dollar worth of corporate
VN Index -31.9% YTD VND Forex -8.1% YTD PYN Elite -37.3% YTD (21.10.2022) What is going on in the markets? Vietnam’s stock market has been globally one of the worst
TPB was among the first ones from our portfolio to come out with the Q3/2022 results. The bank continued its strong performance. In Q3 its earnings growth was 54% YOY,
VN Index -11.6% in September, dragged by blue chips. VN-30 Index, representing the 30 largest market value stocks -11.5%. The average daily trading value on HOSE fell to about $566m
Bloomberg is reporting on Vietnam’s stock market’s cheap valuations. “The gauge now trades at about 9 times estimated earnings over the next year, its lowest since 2012.” Bloomberg points out