Vietnam stock market performance: March 2023
Looking ahead to 2022, Vietnam's economy experienced a remarkable resurgence with a growth rate of 8.0%, surpassing its average rates from 2016 to 2019. This impressive growth was mainly fueled by strong domestic private consumption and export-oriented manufacturing. Even with the challenges faced in 2022, Vietnam's economy remained resilient and demonstrated a remarkable rebound.
Looking forward to 2023, the growth rate is expected to slow to 6.3% due to weaker global demand, slowing orders and exports, and renewed labor market pressures. However, there are still many reasons to be optimistic. Vietnam's economy has shown incredible resilience and adaptability, and the government's commitment to economic growth remains strong.
In March 2023, we are seeing positive signs in the stock market, with the Hanoi index up by 2.5% and Ho Chi Minh index up by 3.9%. Moreover, our reference portfolio has also experienced growth, up by 1.4%. These positive indicators demonstrate that Vietnam's economy is continuing to move in the right direction.
Anh Thomas has been achieving impressive returns over the long run, with a portfolio overall return of 623.7% since its launch. This outperforms both the Hanoi and Ho Chi Minh indexes, which have returns of 200.7% and 167.5% respectively. With a proven track record of success, Anh Thomas is well-positioned to continue to deliver strong returns and provide opportunities for investors in Vietnam's dynamic economy.