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Vietnamese stock markets: October 2020 summary

Vietnamese stocks markets rose again in October. It is however important to highlight that the Masan Group (MSN) shares recorded a monthly rise of more than 50%. This naturally had a massive impact on the overall market performance. On the economic front, CPI trended down over the month when compared to September. Inflation is however still way higher than the previous year. Over the month, Ho Chi Minh index is up by 2.2% and Hanoi index is up by 1.8%. Our reference portfolio is up by a more modest 0.5% this month. Anh Thomas returns over the long run are quite impressive. Since being launched, Anh Thomas portfolio overall return is +374.5% greatly outperforming both Hanoi and Ho Chi Minh indexes (+96.1% and +132.5% respectively).

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