VNH Vietnam Holding Limited

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

END

MSCOKCDNQBKDDAD

(END) Dow Jones Newswires

June 19, 2017 10:33 ET (14:33 GMT)

Vietnam (LSE:VNH)
Historical Stock Chart
From Apr 2024 to May 2024

Vietnam (LSE:VNH)
Historical Stock Chart
From May 2023 to May 2024