Last checked at 
20 Dec 2023 10:30
Vietnam Holding Limited- Annual Overview from QuotedData
20th December 2023
Bringing you redemption
Vietnam Holding (VNH) continues to provide both a peer group and benchmark beating performance (it is the top-performing Vietnamese fund in NAV terms over one, three and five years - see pages 18 to 20) and, aided by Vietnam's long-term structural growth drivers, its manager continues to see very strong growth runways for its stocks. Despite this, VNH has, until very recently, been hampered by a low double-digit discount to net asset value (NAV) that has been persistent and unjustified (see page 23).
VNH's board is proposing to replace the company's biannual tender offers with an annual redemption opportunity (see page 24). This would allow shareholders to exit at fair market value, could narrow the discount and maybe help VNH to re-expand.
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