Based on information from Proactiveinvestors.co.uk within the UK on September 8, Mr. Stanley Chou, Chairman of Vietnam Enterprise Investments Ltd (VEIL) Fund – a member fund of Dragon Capital, assessed that Vietnam’s economic system within the first half of the 12 months was nonetheless good. achieved a progress charge of 5.6% regardless of the incidence of two waves of COVID-19. This exhibits excessive resilience and creates a basis for future progress.
With the inventory market, the speedy restoration of the economic system additionally creates impetus for progress in 2021. Accordingly, by the top of the primary 6 months of the 12 months, the VN-Index had the second strongest enhance on the earth. , buying and selling classes with consecutive document excessive liquidity had been established (about 1.four billion USD).
The dimensions of the VEIL portfolio as of September 1 reached 2.four billion USD. By which, NAV/Shares reached USD 11.22, up 35.18% in comparison with the start of the 12 months.
Chairman Stanley Chou stated that the efficiency of the VEIL fund is principally contributed from three predominant areas: banking, actual property and metal. These are thought of the primary beneficiaries within the new interval of the economic system, within the context of low rates of interest and elevated funding in infrastructure.
As well as, VEIL’s spectacular outcomes partly stem from the restructuring of the funding portfolio carried out on the finish of 2020, thereby repositioning exploitation into areas the place it’s anticipated to be anticipated after COVID-19 .
Contemplating the present time, when Vietnam remains to be dealing with difficult developments of the 4th wave of COVID-19, the VEIL President believes that the economic system will probably be negatively affected by the top of 2021. and even after that. GDP in 2021 can be revised down from 6% to five%.
Alternatives come to affected person buyers
“Macroeconomic indicators could bear some downward adjustment to replicate the epidemic wave. Nevertheless, the VEIL fund remains to be assured within the restoration prospects of the home economic system.”, the top of a billion-dollar fund managed by Dragon Capital.
At present, companies will definitely face completely different challenges, however Mr. Stanley Chou believes this could carry alternatives for buyers who’re affected person sufficient, with robust progress potential. as quickly because the epidemic is below management.
“VEIL’s funding administration workforce stays very lively in persevering with to search for long-term progress and management shares, along with exploring new alternatives from the IPO market.”, Chairman Chou stated.