VinaCapital Vietnam enjoys first-half growth, retains positive view

Mon, 16th Mar 2026 09:52

(Alliance News) - VinaCapital Vietnam Opportunity Fund Ltd on Monday reported a recovery in net asset value over the first half of financial 2026, and maintained a positive view for the remainder of the year.

The Guernsey, Channel Island-domiciled investor in Vietnamese companies said its NAV per share had grown to USD7.97 at the end of December from USD7.13 at June 30.

NAV total return for the six-month period was 12.8%, marking an improvement after NAV declined by 2.2% in financial 2025. Pretax profit improved to USD111.6 million from USD25.8 million the year prior.

VinaCapital Vietnam shares traded 0.7% lower at 457.00 pence on Monday morning in London.

It has declared an interim dividend of 7.25 US cents per share, unchanged on-year.

The company expects a "very strong" Vietnamese economy in 2026, with gross domestic product growth forecast above the 8% rate reported in 2025.

"The country has a sound and stable government which has the ability to stimulate growth primarily through badly needed infrastructure development and continuing to remove barriers to stimulate the real estate market. The business environment remains favourable both for foreign investors and for the continuing development of the domestic entrepreneur," VinaCapital Chair Kathryn Matthews said.

"However, this positive view will inevitably be tempered by recent actions in the Middle East and the potential impact on inflation and interest rates caused by the sharp rise in the oil price leading to significant market corrections.

"In spite of this we believe that there is much cause for optimism," Matthews concluded. She took over as chair after her predecessor Huw Evans stepped down in December.

By Holly Munks, Alliance News reporter

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