During the first two weeks of May, Vietnamese equities continued their free fall that began in April, losing an additional 15%. The second half of the month, however, witnessed a very different scenario. Indeed, Vietnamese equities not only finally halted their declines but also posted solid gains. In May, Ho Chi Minh index is down by 5.4% and Hanoi index is down by 13.7%. Our reference portfolio is down by 2.8% this month. Anh Thomas returns over the long run are quite impressive. Since being launched, Anh Thomas portfolio overall return is +716.4% greatly outperforming both Hanoi and Ho Chi Minh indexes (+357.6% and +224.8% respectively).