Agile and differentiated exposure to Vietnam

VietNam Holding (VNH), which will soon celebrate its 20th anniversary, pursues an all-cap, high-conviction, valuation-aware strategy focused on Vietnamese equities. Its actively managed portfolio allows investors to tap into Vietnam’s growth via its financial sector as well as companies benefiting from the country’s industrialisation, urbanisation and consumption growth stories, which remain intact despite the new global tariff regime. This is supported by the open trade policy and pro-growth agenda of the Vietnamese government. VNH posted an 18.3% NAV total return in the 12 months to end-April 2026, which is behind the 49.7% posted by the Vietnam All-Share (VNAS) Index, but the comparison is distorted by the outsized returns of Vingroup...