Vietnam Holding

VietNam Holding reported a 9.8% decline in net asset value for July 2026, underperforming the Vietnam All Share Index (-7.5%). The decline was driven mainly by the share-price collapse of Phu Nhuan Jewelry (PNJ) after allegations regarding diamond certificates; VNH subsequently reduced its PNJ position. Despite strong profit increases at many portfolio companies and robust economic data, VNH's year-to-date performance is -15% and the portfolio's P/E ratio is 8.8 (Vietnam All Share: 11.2). » Más en de.investing.com

VietNam Holding recorded a NAV decline of 0.3% in June. According to the manager, the portfolio is valued at about 10 times forecast earnings, the ten largest positions at roughly 8.5 times, despite projected earnings growth of around 20%. Macro data remain strong (GDP Q2 +8.2%, exports H1 +21%, retail June +14.8%) and FDI is high; however, foreign portfolio investors were net sellers. The manager continues to favour solid balance sheets and is gradually shifting into larger, liquid names. » Más en de.investing.com

VietNam Holding reports Vietnam's GDP grew 7.83% in the first quarter of 2026. Exports increased by 19.7% in the first four months, imports by 28.7%, resulting in a trade deficit driven by machinery imports and intermediate goods. Retail sales, FDI (USD 18.2bn; +32%) and double-digit profit growth at portfolio companies signalled robust activity, while inflation rose to around 5.5% in April due to higher energy costs. VNH's net asset value per share climbed 1.7% in April but lagged the broader market; Mobile World Corp. is the largest holding and large-cap stocks make up roughly three quarters of the portfolio. » Más en de.investing.com