Following a drop in GDP in the third quarter of the year the Vietnamese government has decided to lift lockdowns. The government has already eased curbs on businesses and lifted social distancing barriers throughout the country. A strong market fundamental has helped Vietnam's economy remain resilient despite a number of challenges, including labor shortages and supply chain disruptions. Over the month, Ho Chi Minh index is up by 0.6% and Hanoi index is up by 5.3%. Our reference portfolio is up by 4.0% this month. Anh Thomas returns over the long run are quite impressive. Since being launched, Anh Thomas portfolio overall return is +663.0% greatly outperforming both Hanoi and Ho Chi Minh indexes (+423.0% and +236.5% respectively).