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11 Feb 2026 16:13
Vietnam Holding - Update from QuotedData
11 February 2026
Back this horse
Vietnam has largely overcome the effects of US tariffs and is pushing ahead with reforms to support its target of double-digit annual GDP growth through to 2030. While one of Vietnam Holding (VNH)'s comparator indices rose 28% in 2025, more than half of this was due to a single company that VNH does not hold.
Despite strong growth prospects, most of the Vietnamese market is still attractively priced, with VNH's portfolio trading at a forecast P/E of just 9.5x at the end of December 2025. This is partly because foreign investors have not yet returned in force. Progress towards emerging market status continues, with FTSE Russell set to upgrade Vietnam from September this year.
The year of the Fire Horse begins on 17 February 2026, seen as a lucky period by some. For others, Vietnam's strong fundamentals remain a solid reason for optimism.
Full Research:
https://quoteddata.com/research/vietnam-holding-back-this-horse-qd/
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NB: Marten & Co was paid to produce this note Vietnam Holding Limited, and it is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the Financial Conduct Authority. Marten & Co is not permitted to provide investment advice to individual investors categorised as Retail Clients under the rules of the Financial Conduct Authority.
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