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March 2018 stock performance


March has been another good month for Vietnamese stocks. The economy is doing well and an adviser to Prime Minister Nguyen Xuan Phuc recently stated that “The economy will grow faster this year with inflation being controllable and a pretty stable dong”. He added that “Trump’s recent import tariff changes will have a minor impact on Vietnam, as we are diversifying our markets and products to boost exports.” Vietnam also hopes to discuss “some sort of trade agreement” with the USA, which remains its biggest export market. Over the month, Hanoi index is up by 3.4% and Ho Chi Minh index is up by 4.7%. However, our reference portfolio recorded a disappointing 0.3% monthly loss. Nonetheless, Anh Thomas returns over the long run are impressive. Since being launched, Anh Thomas portfolio overall return is +386.3%, greatly outperforming both Hanoi and Ho Chi Minh indexes (+91.9% and +195.1% respectively).

#Vietnamesestocks #stabledong #Vietnam #tradeagreement #HoChiMinhindexes

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