Craig Martin of Vietnam Holding discusses the index beating performance of the fund this month

Craig Martin Chairman at Dynam Capital, Manager of Vietnam Holding #VNH discusses the index beating performance of the fund this month and is bullish about its prospects for 2022.

Monthly Investor Report - Highlights

VNH outperformed the VNAS with a NAV of +2.3% and this month was no exception in how its portfolio reflects Vietnam's extraordinary growth story through its approach to responsible investing in companies with purpose and sound potential for long-term, sustainable performance. FPT, the leading information technology service company in Vietnam, as well as our largest holding, was a positive contributor once again and we expect it could achieve more than 20% net profits after tax (NPAT) growth in 2022 due to increasing demand both at home and abroad. Other top contributors in March, GMD and HAH, remain well-placed in the logistics sector given the higher demand for international trade despite the ever-increasing shortage of container shipping supply due to Covid disruptions and geo-political implications of the Ukraine war. Both companies are forecast to achieve significant NPAT growth - GMD, 50% and HAH, 70% - in 2022 on top of the high base seen in 2021. Although the retail sector has not fully recovered from the lockdowns, inflationary pressures remain relatively under control in Vietnam and we see MWG and PNJ, also positive contributors for the portfolio in March, as prime examples of companies well-managed and agile enough to capture rare opportunities presented by demographic shifts and digital transformations. 

To read the full report click HERE

About Vietnam Holding:

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.