Nous avons effectué plusieurs études sur des investisseurs individuels sur les marchés boursiers vietnamiens. Pour ce faire, nous avons interrogé plus de 200 investisseurs individuels investissant dans les marchés boursiers vietnamiens. Nous montrerons certains des résultats intéressants dans notre blog au fil du temps. Commençons aujourd’hui par la capacité des investisseurs individuels à comprendre clairement et à définir le concept d’actionnaire. Cela semble évident, mais

Last week, we have talked about the power of dividends. Today we are going to review a couple of examples to illustrate this incredible power of reinvesting dividends. This website is very useful to make some quick calculations. Total Dow Jones Industrial Average Return over the last 10 years is +181.6%. Annualised Dow Jones Industrial Average Return over the same period is +10.9%. But the really interesting part is to be found here: Annualised Dow Jones Industrial Average Re

When you buy a property you naturally become the owner of it. Similarly, when you buy stocks you become a owner (of course a shared-owners) of the company that issued these stocks. If you are already a shareholder, you know that some companies pay dividends while others don’t. In fact, companies are not required to pay any dividend to its shareholders. However, some companies decide to do so for a multitude of reasons and some even pay large amounts. In Vietnam, many compani

Les actions constituent la catégorie d'actif la plus rentable pour les investisseurs prêts à investir à long terme. Investir dans des actions, à long terme et si cela est bien fait, est le meilleur moyen de générer de la richesse à long terme, sans risque excessif (par exemple, en utilisant un effet de levier). Dans de nombreux pays (et cela est particulièrement vrai dans des pays tels que la France, l'Italie et certains pays asiatiques tels que le Vietnam), les investisseurs

Stocks are the most profitable asset class for investors ready to invest for the long-term. Investing in stocks, over the long-term and if properly done, is the best way to generate wealth over time and this can be done without taking too much risk (such as using leverage for instance). In many countries (and this is particularly true in countries such as France, Italy and some Asian countries such as Vietnam) investors think that real estate is the best investment option. In

Vietnam like many countries which are experiencing astronomical growth is a country where tourism is booming. According to the official numbers, the south Asian country received almost 10 million foreign visitors during the first 7 months of 2019. This is a 8% year on year increase. The Vietnam National Tourism Administration, which is the government agency of Vietnam which manages tourist operations and activities throughout the country, is now implementing all its know-how

Today we wanted to look at a very important and extremely successful Vietnamese company: Vietnam Airlines. This company is a perfect illustration of the rise of Vietnam. The company was founded in 1956 and later established as a state-owned enterprise in April 1989. The airline has currently 92 planes and offers 64 destinations worldwide. Among these 64 destinations, 21 are inside Vietnam while the others 43 are abroad. Vietnam Airlines is regularly ranked as one of the best

Some people (even though there are naturally fewer and fewer of them as times goes by) believe that the US might keep its first place ahead of China not only for the next decade but also on an even longer term. It is not too difficult to find articles full of numbers that supposedly show that China will not overpass the US not only in a near future but also that US might remain the only superpower just like in the previous century. Examples of such articles include: https://m

Certaines personnes (même si elles sont naturellement de moins en moins nombreuses au fil des ans) pensent que les États-Unis pourraient conserver leur première place devant la Chine non seulement pour la prochaine décennie, mais aussi à plus long terme. Il n’est pas trop difficile de trouver des articles contenant des chiffres qui montreraient que la Chine ne dépassera pas les États-Unis non seulement dans un proche avenir, mais qu’elle pourrait rester la seule superpuissanc

Il y eu une époque où les Vietnamiens et plus généralement les personnes vivant dans les pays asiatiques ne pratiquaient aucun sport. Au fur et à mesure que ces pays s'enrichissaient, les gens disposaient de plus de temps mais aussi de plus en plus d'énergie pour pratiquer. On sait depuis un certain temps déjà qu’une alimentation saine, riche en protéines et en sport est un bon moyen de croissance pour les enfants. Malheureusement, le régime vietnamien est encore pauvre pour

Vietnam is still a relatively poor country but it is also a country with one of the highest economic growth in the world. With annual growth close to 7%, there is no doubt that the future is quite rosy for the country and its people. Vietnam, the best performing stock market in South-east Asia, is not as yet officially recognised as an emerging market by the global index agency, Morgan Stanley Capital International (MSCI). The non-recognition denotes the country's unpreparedn

There is no obvious links between gold prices and Vietnamese stocks prices at first glance. However when you understand how the Vietnamese people invest their money you quickly understand that there might be a link and even a strong one. In general it is true to say that Vietnamese lack trust in their own country’s economic system. This is even truer when it comes to stocks. The only ways for Vietnamese to invest are then, investing in the local real estate market (which is o

Naturally, looking at only one ratio (or even completing a full ratio analysis) does not suffice to determine with certainty if an asset is overpriced or under-priced, but this is still a very interesting exercise. Stocks from the Telecommunications sector seem well overpriced at least in terms of price to earnings. HNX stocks seem to be under-priced compared to HOSE stocks this time not only in terms of price to earnings but also in terms of price to book ratio. This is not

Vietnamese shares did not change much this month. Investors remained cautious about the market’s prospects. Many investors just stood by and watched the market move. On the economic side, the Asian Development Bank (ADB) said Vietnam experienced another year of strong growth in 2018 (GDP expanded by 7.08%) although a weaker external environment could affect its growth outlook for this year and next. The ADB has forecast Vietnam’s economy to grow by 6.8% in 2019 and 6.7% in 20

Let’s start reviewing the characteristics and differences between an investment in an emerging market and one in a developed market. Today, we will look at this topic in terms of risk of losses. This is an easy win for the developed markets clearly. There is in fact no doubt that investing in a developed market like the US one involved less risks than investing in an emerging or frontier market. There are a multitude of reasons that can explain this but let's focus on the two

Knowing the returns you could get is of paramount importance. It is obviously impossible to know the exact returns you will get when investing in a risky investment. When you put money into a bank account in a developed country, you know (technically not totally) the returns you will get, but you also know that this return will be low and it is impossible that they will be extremely high. When you invest in equities, especially if they belong to an emerging market or frontier

Vietnamese stocks have climbed further in February amid reports the US and China were close to striking a trade deal. Several sectors have particularly beneficiated from the trend. This is notably the case for property developers and banks. Petroleum companies have also benefited from higher oil prices. This month was also marked by a renewed interest of foreign investors partly due to the Hanoi Summit, which allowed to show to the world an economically attractive image of Vi

Vietnam is a country full of wonders and the country has many beautiful villages. Discovering these fantastic places still cut off from the rest of the world allows you to enjoy the landscape but also make you realised of the dramatic economic growth that is happening in the major Vietnamese cities like Hanoi and Ho Chi Minh City. #Vietnam

There is a large gap in fertility rate in Vietnam between rural areas and large cities. Rural areas of Vietnam are also the more disadvantaged. Fertility rates in these areas can still reach 3 children per woman Largest Vietnam cities include Hanoi, Ho Chi Minh city and Hue. Fertility rates in these cities are mostly between 1.6 and 1.8 children per woman. #DemographicsofVietnam #fertilityrate #Vietnam

January has been an interesting (and good) month for us. Despite the main indexes remaining mainly stable, our reference portfolio ended up the month with a rather impressive 2.9% raise. Keeping up the momentum from the previous year, the Vietnamese economy got off to a strong start in 2019 with many robust macroeconomic indices in the first month of the year. According to the General Statistics Office, the index of industrial production in January scored an expansion of 7.9%