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December 2017 stock performance


December has been another good month for the Vietnamese stock market. On the economic side, the Vietnamese Government announced that the country’s economy grew 6.8% in 2017. This is the highest economic growth recorded in 10 years. This growth has been driven in part by strong performances in industrial output and tourism. Industrial and construction output grew 8% on year to year basis while the service sector expanded 7.4%. Over the month, Ho Chi Minh index is up by 3.6% and Hanoi index is up by 1.9%. Our reference portfolio recorded a 3.3% monthly gain. Anh Thomas returns over the long run are impressive. Since being launched, Anh Thomas portfolio overall return is +353.7%, greatly outperforming both Hanoi and Ho Chi Minh indexes (+69.3% and +147.3% respectively).

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