Vinacapital Vietnam Oppo... Share Discussion Threads

[roman2325] 11/6/2018 12:36

NAV up 4.6% on the week - round of applause please

[roman2325] 06/6/2018 14:17

Some better volume last couple of days, obviously a buyer out there

[loganair] 03/6/2018 10:38

Mark Mobius tilts towards China, South Korea and is also bullish on Brazil and Russia where consumer Discretionary goods and services benefiting from domestic consumption growth in these countries.

"The opportunities are incredible for the right investment."

He remains optimistic in the emerging markets of Vietnam, China and India and believes we're going to see lot's of opportunities in these markets down the road especially India has got tremendous opportunities.

Mobius also small- and mid-size mainland Chinese companies public in Hong Kong. Fintech is a focus area, as is firms that assist traditional corporations to better deploy internet technologies. "That's where the growth opportunities are," he said.

"China is now a huge market, and it's growing because we are now getting more and more access," he said. “With the A-share market coming into the availability of foreign investors, the opportunities are incredible”.


He also says he expects a 30% correction in the US market as a result of massive out flows from ETF's. Currently global ETF stock assets stand at $4.7 trillion.

[timnet] 22/5/2018 16:49

Thanks for this, ep

[cfro] 17/5/2018 17:56

Thanks for the interview link..

I see a nice director share purchase announced too.

[roman2325] 17/5/2018 16:55

Andy Ho on CNBC:

[loganair] 04/5/2018 09:57

I've said for many a year now that it seems to me Vietnam is around 30 years behind where China is today and going forward is a very good investment case.

[roman2325] 04/5/2018 09:50

Well said Andy - crime you can give or take but the corp governance is where you pay up. I first met Andy Ho and bought into VOF 2005 and have been hugely impressed with the team since - don't think anyone's disputing where Vietnam sits in the league tables but thats what makes it an attractive investment and I suspect the majority of us are in this for the alpha. The countrys moving in the right direction sits perfectly in my criteria

[andyj] 03/5/2018 11:16

Loganair, with respect you are referring to isolated incidents, which have little relevance to the investment case. Vietnam has been my home for the past 16 years and I have never experienced someone stealing from me in the way you describe, nor known anyone who has.The Vietnam you describe is of one past, where being a foreigner here was a novelty and where one was afforded exclusivity in the finest restaurants. Nowadays those restaurants have to be reserved in advance and often one finds they are the lone foreigners amidst a sea of well heeled locals. Of course theft occurs as it does in every country in our world, but that is akin to saying that the UK is not a good investment due to the crime rate in London. Having lived in both for 16 years, trust me I know where I feel safer! Corruption is a problem throughout developing countries and is often embedded within the cultures. As such the openness of corruption often shocks newcomers to the region. Of more concern to investors is corporate governance and in that regard Vietnam lags more developed countries. It is for that reason we pay the management fees that we do, as we put our trust in locally employed teams to ascertain companies that meet their criteria.

[loganair] 02/5/2018 14:21

roman - agreed. Believe it or not Spain is the 4th most corrupt country in the world.

When it comes to Switzerland their population isn't living in poverty and every thing seems to work very well in Switzerland compared to Vietnam.

[roman2325] 02/5/2018 14:02

Loganair - I live in Switzerland if you think corruptions limited to Vietnam you haven't seen it done properly

[loganair] 02/5/2018 10:18

amt - Like betting on the outcome of a Manchester United football match - and yes it happened as well as building blocks of flats with the money all in their name.

[amt] 02/5/2018 05:27

We have to assess how corruption manifests itself and how it impacts the economy. If the money gained through corruption is recycled into the economy in a beneficial way its impact will be less than if the money is squandered on frivolous activities.

[loganair] 01/5/2018 19:17

Same for Vietnam, corruption starts at the very top, what ever the Vietnamese law may be and please take this from somebody who has been to Saigon and Hanoi many times.

Plenty of 'Happy money' going around to grease the palms of government officials and yes this is what it is called 'Happy Money.'

[corguv] 01/5/2018 18:52

The Vietnamese Government is cracking down on corruption and according to the World Bank: Vietnam now has the best anti-corruption Laws in Asia.

In Cambodia corruption starts at the very Top and large scale.

[loganair] 01/5/2018 18:03

Vietnam also has a massive corruption problems. The government ministers often treat their departments money as though it is there own.

Also at the local supermarket, local Vietnamese take things out of my trolley after I've been through the check out. When I asked them why, they said because I am a foreigner and therefore I must be rich that they have the right to do so.

tournesol - If you ever get the chance, Delat in the Southern Highlands is well worth a visit, lovely and cool compared to Ho Chi Minh City - Saigon

[corguv] 01/5/2018 15:58

Vietnam is outstanding and is set for further rapid growth in my view driven by a young , well educated, hard working population (50% of the 90 Million Vietnamese are under 30). With good governance with sound growth policies.

Cambodia whilst growing has a massive corruption problem Hun Sen the PM has been in power since 1985 and if you get to meet him you have to get past security. Look Like A bunch of thugs armed to the teeth. A limited market for investment for now imo.

[roman2325] 01/5/2018 15:28

Agree with that much appreciate your insights Andyj, you must be having some fun out there :)

[interceptor2] 30/4/2018 11:54

Really appreciate the input from investors that live or have visited Vietnam, it is very valuable to know how strong the work ethic is and importance on education resulting in an exciting economy.

Also interesting to read that India and Cambodia didn't give the same impression as Vietnam, because I have pencilled in these countries along with Indonesia, Malaysia and The Philippines as future countries to invest some funds. So still researching and on the lookout for any views in these countries.

[tournesol] 30/4/2018 10:19

I visited VN for the first time last year. The thing that impressed me was the visible work ethic of the people. Street vendors and market traders were never idle. If they weren't dealing with customers they were making something or preparing something. They were very very industrious. Traffic was busy but disciplined and again provided evidence of industriousness.

We were told that despite VN being nominally communist, there is almost no social security system - eg no unemployment benefit - and the idea is work or go hungry.

We also spent time in Cambodia and in India in neither of which did we get the same sense of relentless industry and hard work.

I bought VOF with the idea that VN is going to make faster progress in developing its economy than other developing countries such as India.

[amt] 30/4/2018 09:49

I have topped up also. The pound has been falling back against Usd as worries over Brexit grow and the economy grinds to a near halt. That should also boost the net asset value denominated in usd.

[amt] 29/4/2018 22:54

The recent set back was probably caused by Donald J Trump twittering on about new tariffs.
Probably not that significant anyway. Perhaps fake thinking.