Vietnam Holding: how ‘nimble’ stockpicking has delivered best-in class performance
Vox Markets speaks to Craig Martin, manager of the Vietnam Holding (VNH), about what drove the investment trust’s strong outperformance in 2023, and how roaring foreign investment into the country and huge infrastructure investment is laying the foundation for further rapid growth.
00:26 Highlights of 2023: how the trust beat its benchmark, and the implementation of several shareholder friendly initiatives
04:01 Wham, bam, Vietnam: Vietnam’s rapid economic growth, driven by the highest levels of foreign direct investment in the region as western businesses look to de-risk supply chains away from China.
07:44 The recent German trade delegation to Vietnam, and the significance of Germany as an economic partner.
11:16 Why Vietnam remains a cheap market despite anticipated earnings growth driven by economic growth and an ongoing shift to a digitalised economy.
13:48 How Vietnam’s ‘nimble’ and concentrated approach helped it outperform peers, notably a focus on industrial rather than residential real estate.
16:28 Progress on uprating Vietnam’s status from Frontier to Emerging market, and how that will attract further overseas investors to the region.
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