UBS recently said that the outlook for Vietnam looks positive and that its economy still has huge potential. The Vietnamese stock market is seeing strong growth and should become larger than the Philippines in terms of market capitalization during the year of 2021. Over the month, Ho Chi Minh index is down by 4.3% and Hanoi index is up by 5.5%. Our reference portfolio is up by 1.0% this month. Anh Thomas returns over the long run are quite impressive. Since being launched, Anh Thomas portfolio overall return is +478.7% greatly outperforming both Hanoi and Ho Chi Minh indexes (+210.4% and +165.5% respectively).