Craig Martin explains the drivers behind Vietnam Holding's 99% gain over the year

Craig Martin, Chairman of Dynam Capital, the fund manager of Vietnam Holding #VNH discusses Vietnam Holding's 99% gain over the year.

Investment Manager's Report Highlights
This year marks the 15th anniversary of the Company and its listing in London. The Company was initially on AIM and then moved to the premium segment of the main board of the London Stock Exchange in March 2019.

The 15th anniversary has been marked by one of the most robust performances in the Company's history. In the first half of the annual period, VNH's NAV per share increased by 38.7% to USD 3.201, in line with a 38.8% return in the Vietnam All Share Index ("VNAS") in USD terms, and from 1 January 2021 to 30 June 2021, the NAV per share increased by a further 43.7% to a record USD 4.60 per share. For the year, the NAV per share increased by 99.3%, outperforming the total return of the VNAS by 7.3%, in USD terms. Its outperformance of the Vietnam Index ("VNI") was even higher at 27.3%. In addition, in May 2021, the Company became the top-performing Investment Trust in the United Kingdom, and for the calendar year to 30 June 2021 it was the top-performing fund in Vietnam.

About Vietnam Holding Ltd
Vietnam Holding (VNH) invests in high-growth companies in Vietnam, focusing on domestic consumption, industrialisation and urbanisation. Launched in 2006, VNH is a closed-end fund listed on the London Stock Exchange.