Vietnamese stocks performance December 2020

Almost 3 million trading accounts were registered in Vietnam in 2020 which was a record year. The main driving force of this trend has been the individual investors. Analysts have attributed the rush to declining bank deposit interest rates following three cuts in the central bank’s policy rate since last spring. The strong and fast recovery of the economy from the pandemic has also played a major role. The COVID-19 pandemic has caused asset classes such as property and even gold to lose their charm and redirected cash into securities. Over the month, Ho Chi Minh index is up by 10.1% and Hanoi index is up by an unbelievable 37.5%. Our reference portfolio is up by 9.0% this month. Anh Thomas returns over the long run are quite impressive. Since being launched, Anh Thomas portfolio overall return is +472.8% greatly outperforming both Hanoi and Ho Chi Minh indexes (+194.3% and +177.6% respectively).