VietNam Holding Limited Monthly Investor Report (5102I)
June 19 2017 - 10:33AM
UK Regulatory
TIDMVNH TIDMTTM
RNS Number : 5102I
VietNam Holding Limited
19 June 2017
VietNam Holding Limited ("VNH" or the "Company")
Monthly Investor Report
A report detailing the activities of the Company for the month
of May 2017 has been issued by VietNam Holding Asset Management
Limited, the investment manager of the Company. Electronic copies
of the report have been made available to shareholders on the
Company's website at
http://www.vietnamholding.com/publications/investor-reports and a
summary of the report is included below.
Investor Report Summary
May was a month of renewed bullishness after a stable April,
with the Vietnam All Share Index increasing 4.9% in local currency
terms and 4.9% in dollars. This puts the year-to-date index up
15.9% in dollars. For the month, your fund`s NAV per share was up
3.7%; year-to-date it is up 10.6%.
Vietnam is enjoying healthy fundamentals for good earnings per
share growth, which is comfortably in double digits. GDP growth of
6% or better carries on, inflation is very reasonable at a latest
run-rate of 3.2%, the fiscal deficit is improving to a 3-4% range
from 5-6%, foreign direct investment continues to pour into the
country at a good rate, and its workforce quality and cost
competitiveness remains impressive. The rating agencies are
agreeing: Moody`s in May raised its outlook on Vietnam to positive,
citing FDI and optimism on government debt burden
stabilisation.
For more information please contact:
VietNam Holding Asset Management
Limited
Investor Relations
Jay Vontobel
investorrelations@vnham.com
www.vietnamholding.com
Smith & Williamson Corporate Tel: +44 20 7131
Finance Limited 4000
Nominated Adviser
Azhic Basirov / Ben Jeynes
Winterflood Investment Trusts Tel: +44 20 3100
Broker 0000
Joe Winkley / Neil Langford
Buchanan Communications Tel: +44 20 7466
Financial Public Relations 5000
Charles Ryland / Vicky Hayns
This information is provided by RNS
The company news service from the London Stock Exchange
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