RE: Invest in VietNam
Here is a bright spot in International Markets. Some of you know, I live in Vietnam (stuck in the USA now) seven months of the year, so I have a soft spot for the country.
Vietnam Holding Limited, a closed end fund, (LON:VNH) said 23 out of the 25 stocks in its portfolio rose in December as the mood among the country’s population remained upbeat. “Vietnam remains a bright spot of optimism as clouds persist across many other countries”.
NAV rose by 8.2%, taking the gains over the last six months to 38%, said Dynam Capital, the trust’s manager. VP Bank (+21.5%) led the December risers followed by Gemadept (+17.4%) and Hoa Phat Group (+16.9%).
VietNam Holding Ltd. operates as a closed-end investment fund. The firm invests in securities and companies in Vietnam. It intends to achieve long-term capital appreciation through a portfolio of companies that have return. The company was founded on April 20, 2006 and is headquartered in St. Peter Port, the United Kingdom. Vietnam Holding trades under the symbol VNMHF in the USA, VNH on the London Stock Exchange. This is a thinly traded position in the USA. You should use a longer-term holding period and think of the position as an investment that your dollar cost average into. Use a two-to-three-year minimum holding period for a double in value goal. As with any emerging market position, be prepared for volatility to buy-into that weakness to increase your position. This is a very dynamic country with 60 percent of the population of 100 million under the age of thirty. It is very literate and proactive. The middle class is above 30% of the population and is expected to double in the next four years. Did I say Dynamic?
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