VietNam Holding Limited ("VNH" or the "Company")
Monthly Investor Report
A report detailing the activities of the Company for the month of May 2024 has been issued by Dynam Capital Limited, the investment manager of the Company. Electronic copies of the report have been made available to shareholders on the Company's website and a summary of the report is included below.
Manager Commentary: April Showers, May Flowers
After a stormy April,
As anticipated, foreign direct investment (FDI) disbursement also continued to climb. FDI disbursement for the first five months of 2024 (5M) was up +7.8% YoY, reaching the highest levels since 2012. Furthermore, disbursed FDI is forecast to increase 10% per annum throughout 2024 to 2026 due to large registrations recorded in 2023.
In 5M 2024,
On the political front,
It was a busy month for the country's environmental, social and governance (ESG) agenda too. VNH spoke at and sponsored the second annual Vietnam ESG Investor Conference, which focused on building resilient supply chains through strategic, innovative and inclusive partnerships. This is important to VNH in terms of mapping its investment criteria and stewardship to the UN's 17 Sustainable Development Goals, not least number 4 on quality education and number 17 on partnerships for the goals. Foreign businesses are increasingly requiring more evidence of ESG practices by Vietnamese companies and through its ESG Initiative,
In May, VNH's portfolio management team was awarded the coveted triple-A rating by CityWire for being the top performer in
Lastly, we are pleased to announce that VNH has been promoted to the FTSE Small Cap Index and will therefore be a FTSE All Share constituent from Monday 24 June.
For more information please contact:
Dynam Capital Limited
Craig Martin Tel: +84 28 3827 7590
info@dynamcapital.com |www.dynamcapital.com
Cavendish Capital Markets Limited
Corporate Broker and Financial Advisor Tel: +44 20 7220 0500
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