Vietnam’s stock market has been globally one of the worst performers this year. In recent months, the value of Vietnam’s currency, the dong, has also weakened rapidly. There has been panic selling which has hit almost all Vietnamese companies regardless of their financial health. In October 2022, Hanoi index is down by 15.9% and and Ho Chi Minh index is down by 9.2%. Our reference portfolio is down by 7.6%. Anh Thomas returns over the long run are quite impressive. Since being launched, Anh Thomas portfolio overall return is 587.1%, greatly outperforming both Hanoi and Ho Chi Minh indexes (204.9% and 158.3% respectively).
