Vietnam Share Discussion Threads

[aleman] 22/3/2024 14:34

From the interims:

It is worth noting that the Fund has the narrowest discount of the three London-listed Vietnam focused funds. Over the last twelve months the discount was at an average of 13.3% versus 17% for its peers. At the end of December, the discount was 7.7%, versus an average of 19.5% for peers. I believe the narrower discount is partly a reflection of the innovative redemption facility that was proposed to shareholders in November and unanimously approved in December. Starting this September, shareholders will have the option to redeem shares on an annual basis at NAV[1]. Of course, investors are also free to buy and sell shares in the market at any time.

[arja] 22/3/2024 14:17

VNH has a lovely chart and NOR too but I am alwsys loath to buy for a trade or even to hold for a short time because the discount to NAV is MUCH smaller than for VEIL or VOF . But that might be as it has been for years and wonder if anyone who follows this trust more closely knows ? nice weekend all

[martincc] 14/2/2024 16:06

steady buying while the market's been closed for a week.

[alter ego] 20/12/2023 14:46

interesting analysis at

[spangle93] 15/12/2023 08:36

Monthly summary

VNH's NAV rose 12.7% in November, outperforming VNAS (+9.0%). Year to date the fund is the top-performing Fund in Vietnam, with the discount to NAV the narrowest of the three London-listed Vietnam funds.

[spangle93] 11/12/2023 07:17

Investor Webinar this week

"VietNam Holding Limited is pleased to announce that Dynam Capital, the fund manager of VNH, will be hosting a live online investor presentation on Wednesday, 13 December 2023 at 10 AM UK time.

The presentation is open to all, and the Company welcomes the interaction with shareholders. It will be designed to provide a greater understanding of Vietnam's economic progress, the strategy of the fund, its investment processes, its ESG approach, performance and the outlook for 2024. The webinar will also allow for questions regarding the upcoming AGM.

[arja] 16/11/2023 14:02

npt sure why anyone would trade this and not VEIL or VOF . This is a wholly MM stock and such a wide spread :)

[alter ego] 06/11/2023 11:58

Good video

[sharesoc] 05/11/2023 11:11

In case you missed our webinar with VietNam Holding Limited, the recording can be found on our YouTube channel:

[sharesoc] 24/9/2023 21:12

ShareSoc is hosting a webinar with VietNam Holding Limited (VNH) on 17 October 2023, which may be of interest to current and potential investors. Craig Martin (Executive Chairman of Dynam Capital – Fund manager of VNH) will be presenting. You can register here: [...]

[31337 c0d3r] 10/9/2023 11:31

Vietnam to upgrade US relationship to level with China

Biden set to sign strategic partnership on Hanoi visit to counter Beijing’s assertiveness in region.



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[31337 c0d3r] 18/8/2023 11:19

Yes it's less volatile. When VOF and VEIL were rising rapidly recently (end of July), VNH didn't move as much.

[aleman] 18/8/2023 11:11

Hanoi stock index closed down 5.6%. It could end up more as several stocks were suspended after hitting the 7% daily limit. This trust is just slower to respond?

[spangle93] 18/8/2023 08:21

VNH remains at 11 month high, whereas VOF and VEIL have fallen back after similar recent rises.

[exotic] 31/7/2023 12:53

Bought more today which wasn't easy, had to set a limit order with HL.

[swiss paul] 21/4/2023 09:35

Ho Chi Minh was crazy just so much going o

[spangle93] 15/2/2023 07:45

Monthly investor report sounding upbeat



VNH's NAV was +11.1% for the month, slightly lower than the index. This followed the Fund's outperformance of the Vietnam All Shares Index (VNAS) for the 2022 calendar year, with its NAV declining 30.1% versus the VNAS' decline of 39.8%. Strong double-digit growth in Retail stood out in 2022, and we expected that to continue in the lead up to Tet. In January, VNH benefitted from its overweight in outperforming banks, STB, ACB and MBB, as well as its underweight in Real Estate, keeping to our conviction that banks were oversold in 2022 and that real estate companies would face increasing headwinds due to the lagging impacts of rising interest rates. The Fund's overweight in Industrials - IDC (up +28.4%) and GMD (up +17.7%) - along with its continued convicted positions in Telecoms and Retails, also all paid off.

We feel optimistic about a more stable VND in 2023 as external and internal risks have reduced, but also expect divergence of EPS growth among sectors and stocks to increase. Additionally, on top of very attractive valuations, market liquidity also continues to move in the right direction following the indiscriminate selloffs and short-term shocks of 2022. Foreign investors net bought US$ 179m in January and we saw a comeback of both foreign and local participants in the equity market. As with several ASEAN countries, Vietnam is kicking off 2023 in a strong position to outstand the rest of the world in terms of GDP growth - forecasted at 6.5% for the year.

[spangle93] 17/1/2023 07:32

Monthly summary to the end of December is full of extreme descriptions, but this is a flavour


Full year net buying ended up making the US$1bn mark, a first since 2019. While we expect local indices to consolidate in this current environment of monetary tightening and wait-and-see sentiment, it is times like these when rare opportunities for the long-term arise, particularly given the attractive valuation levels of Vietnamese stocks and consensus view that corporate earnings growth is more than 10%.


Positive outlook from the manager for the year of the Cat, starting 22-Jan

[davebowler] 06/6/2022 10:19

Webinar registration -

[melloteam] 15/5/2022 22:25

Mello2022, the popular three-day Investor event takes place on 24TH-26TH MAY at the Clayton Hotel & Conference Centre, Chiswick, W4. The breakdown of the three days is as follows:

Tuesday 24th May, 9am - 6pm - Mello Investment Trusts and Funds (WE ARE GIVING AWAY 20 FREE TICKETS TO THE TRUST AND FUNDS EVENT - THE FREE CODE IS FIRST20TF)

Wednesday 25th & Thursday 26th May, 9am - 6pm - Smaller Growth and Mid-Cap Companies (Tickets for 1 day are £115 and tickets for 2 days are £189. To get 50% off, use code MMTADVFN50).

Just to let shareholders and prospective investors know that VIETNAM HOLDINGS will be among the Trusts and Funds attending. There will also be keynote speakers such as Lord John Lee, Andy Brough, Rosemary Banyard, Clarke Carlisle and Gervais Williams.

For more information, please visit the event webpage:

[bagpuss67] 24/2/2022 13:24

Any particular Russian exposure here? Tanked more than V Opps fund..

[davebowler] 09/2/2022 09:41

VNH new research