Vietnam Enterprise Investments Share News (VEIL)

Vietnam Enterprise Investments outperforms benchmark index in March

(Alliance News) - Vietnam Enterprise Investments Ltd on Monday reported that its net asset value increased in March on a monthly basis.

Vietnam Enterprise Investments net asset value up on-month in February

(Alliance News) - Vietnam Enterprise Investments Ltd on Thursday reported that its net asset value increased in February on a monthly basis.

IN BRIEF: Vietnam Enterprise Investments asset value rises in January

Vietnam Enterprise Investments Ltd - offers exposure to the Vietnamese stock market - Net asset value climbs 1.3% in January to USD8.78 per share. This trails the 2.5% gain by VEIL's reference index, the Vietnam index. Both measures are on dollar total return basis. VEIL's share price rises 2.4% during the month, narrowing its discount to NAV to 17.1% from 18.1%. VEIL notes "encouraging economic indicators" for Vietnam in January, including the highest level of exports in nearly a year and a half.

IN BRIEF: Vietnam Enterprise posts rise in net asset value in December

Vietnam Enterprise Investments Ltd - launched in 1995, VEIL offers exposure to the Vietnamese stock market - Says net asset value at December 31 was USD8.67 per share, up 3.6% from USD8.37 at November 30. Adds that it purchased a total of 5.7 million shares in 2023 for USD40.3 million. Looking ahead, forecasts 2024 gross domestic product growth of 6.0% to 6.5%. Portfolio Manager, Dien Vu says: "The VNI has started 2024 well (up 2.3% as of January 25 in USD terms) and we believe the company will benefit from the anticipated return to growth in overall corporate earnings, bolstered by sustained fiscal spending and a conducive low-rate environment."

IN BRIEF: Vietnam Enterprise Director buys shares worth GBP233,000

Vietnam Enterprise Investments Ltd - launched in 1995, VEIL offers exposure to the Vietnamese stock market - Director Dominic Scriven buys 42,000 ordinary shares on Monday at an average price of 555 pence per share for total GBP233,039. Following this purchase, Scriven holds 178,423 ordinary shares in the company.

Director dealings: Vietnam Enterprise Investments director ups stake

(Sharecast News) - Vietnam Enterprise Investments revealed on Tuesday that director Dominic Scriven had acquired 42,000 ordinary shares in the London-listed closed-end fund.

IN BRIEF: Vietnam Enterprise Investments secures lower management fee

Vietnam Enterprise Investments Ltd - launched in 1995, VEIL offers exposure to the Vietnamese stock market - Agrees with investment manager, Dragon Capital Group Ltd, a reduction of the management fee from July 1 next year. Currently, the fee steps down from 1.85% per year of the first USD1.25 billion in net asset value, to 1.65% of NAV from USD1.25 billion to USD1.50 billion, and then to 1.5% of NAV above USD1.50 billion. Total NAV on October 31 was USD1.6 billion. The new management fee will be a flat 1.5% of NAV per year, with no performance fee.

IN BRIEF: Vietnam Enterprise NAV rises on-quarter but falls on-year

Vietnam Enterprise Investments Ltd - investor in listed equities in Vietnam - On September 30, net asset value per share is USD8.85. In pound sterling terms, it is GBP7.25, up 6.5% from the previous quarter but down 7.9% over the previous year. Portfolio Manager Dien Vu comments: "Vietnam's [gross domestic product] expanded by 5.3% year-on-year in [the third quarter of] 2023, putting average growth at 4.3% in the first nine months of 2023. This expansion can be attributed mainly to the services sector, which increased 6.3% year-on-year due to sub-sectors such as accommodation and catering services (up 13%), wholesale and retail sales (up 9.0%) and transportation and logistics (up 8.7%)...The manager has positioned VEIL's portfolio to benefit from sectors such as technology, banks, retail, food and beverage, property, oil & gas, and steel, and expects earnings per share growth of over 20% from VEIL's portfolio next year."

IN BRIEF: Vietnam Enterprise says Chair Gordon Lawson resigns

Vietnam Enterprise Investments Ltd - Invests in listed equities in Vietnam - Says that Gordon Lawson has informed the board he will step down as chair of the company and resign from the board, both effective June 30, 2024. Lawson has served as an independent non-executive director of VEIL since July 2014, and as chair since 2022. The board elects Sarah Arkle, currently an independent non-executive director, to replace Lawson as chair of the company after Lawson steps down.

IN BRIEF: Vietnam Enterprise says asset value down, VND still stable

Vietnam Enterprise Investments Ltd - invests in listed equities in Vietnam - Net asset value at September 30 is USD8.85 or GBP7.25 per share, down 5.5% from USD9.37 and 1.9% from GBP7.39 at August 31. Total NAV at September 30 is USD1.8 billion or GBP1.5 billion total. NAV total return is negative 5.5% in dollar terms, while benchmark Vietnam Index falls 6.6%. Company repurchases 1.2 million shares in September, compared with 391,143 in August. Also says the Vietnamese dong depreciated 0.9% against USD and 3.0% against pound in September. Portfolio Manager Dien Vu says Vietnamese market "witnessed early positive momentum in September" but then "succumbed to profit taking triggered by a blend of domestic and international pressures".

IN BRIEF: Vietnam Enterprise Investments asset value rises 10% in half

Vietnam Enterprise Investments Ltd - invests in listed equities in Vietnam - Net asset value rises by 10% in the first half of 2023, only slightly trailing a 12% rise for the VN Index. NAV on June 30 is USD8.66, up from USD7.85 on December 31. Declares no interim dividend, unchanged from year before. However, the company repurchased USD13.3 million in shares during the first half of the year. Pretax profit in the first half is USD164.7 million, swung from a USD523.5 million loss a year before. Total income is positive USD184.0 million, swung from negative USD497.2 million. Chair Gordon Lawson notes that Vietnam's economy grew by 3.7% in the first half of the year but is hindered by a decline in global demand and domestic consumption.

Vietnam Enterprise and Vietnam Holding gain from Vinfast "excitement"

(Alliance News) - Investment trusts Vietnam Enterprise Investments Ltd and VietNam Holding Ltd on Thursday both reported strong rises in net asset value during July, amid "excitement" about the US listing of a local champion, but the larger of the two beat its reference index while the smaller one trailed.

IN BRIEF: Vietnam Enterprise reports quarterly net asset value rise

Vietnam Enterprise Investments Ltd - closed-end fund primarily investing in Vietnamese-listed equity - Net asset value per share is USD8.66 on June 30, up 4.8% from USD8.28 on March 31. Total net asset value is USD1.8 billion, up from USD1.7 billion quarter-on-quarter. Vietnam Enterprise expects that it will have a strong performance in the second half based on the Vietnamese government's fiscal measures and "other support measures" accelerating throughout the year.

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IN BRIEF: Vietnam Enterprise net asset value falls on a monthly basis

Vietnam Enterprise Investments Ltd - closed-end fund primarily investing in Vietnamese-listed equity - Net asset value decreases by 1.8% to USD8.13 per share at April 30. This is compared to a fall of 1.4% in its reference index, the Vietnam index. VEIL Portfolio Manager Dien Vu says: "The market's average daily trading value jumped 28% month-on-month to USD576 million, a four-month high. However, the year-to-date daily trading value across Vietnam's three exchanges is down 60% compared to the same period last year."