With the world’s central banks now printing an enormous pool of new money, Vietnam stands to attract significant foreign indirect investment (FII) inflows. We suggest several short and long-term solutions to help Vietnam to maximize this opportunity. Andy Ho, VinaCapital’s CIO, speaks more about this topic in the video at right.
The phrase “when America sneezes, the world catches a cold” alludes to the notion that other nations tend to follow the US, be it for good or bad. Notwithstanding the pun related to the pandemic, equity market direction around the world has been influenced by sentiment on US equities. Ismael Pili, VinaCapital’s Head of Research, explains that those offshore equity investors considering investing in Vietnamese stocks as part of an “off-index bet” might want to consider three thematic buckets: early stage recovery plays, infrastructure, and ‘defensibles’. Read more for specific sector plays.
Tourism an important part of Vietnam’s economy, but it is critical that the sector re-open in a way that protects the health of Vietnamese citizens and foreign visitors. Could “Safe Haven Tourism” be the key? Read more about our thoughts about that idea as well as ways to promote domestic tourism in our latest note and in a video presented by Don Lam (at right).
With public health measures being relaxed in Vietnam, the Government is now looking to re-start the economy. We offer our thoughts in this note and in the related video presented by Don Lam, VinaCapital Co-Founder and CEO.
In Part 2 of his presentation to the Seoul International Finance Forum, Don Lam provided an overview of some of the sectors that should be attractive to investors as well as some of the factors they should consider when evaluating investment opportunities and tips for successful investment in Vietnam. View Part 2 of the video to the right.
Don Lam, VinaCapital Co-Founder and CEO, recently spoke to a group of Korean investors via video regarding Vietnam’s efforts to manage the COVID-19 outbreak, how the pandemic will affect the economy, and investment opportunities now and once the pandemic subsides. This is part 1 of an abridged version of the presentation he delivered to the Seoul International Finance Forum on 22 April 2020. Click the video on the right side of the Coronavirus update page to view Don’s presentation.
Governments around the world face a difficult choice in managing the COVID-19 outbreak: the need to balance the medical health of their citizens and the economic health of their countries as they decide how quickly to re-open their economies. Chief Economist Michael Kokalari looks at the factors governments – including Vietnam’s – will use as they consider this important decision.
Vietnam has, by all accounts, done a stellar job of “flattening the COVID-19 curve”, earning praise from around the globe. How has Vietnam achieved these encouraging results? Chief Economist Michael Kokalari takes a brief look at some of the measures that have been implemented and discusses why Vietnam’s economy will be less affected than many of its neighbors.
It has been more than a month since VinaCapital’s Chief Economist Michael Kokalari first published his views about the possible economic impact of the COVID-19 outbreak. With the situation rapidly evolving since then and the impact intensifying, Mike has cut his forecast of Vietnam’s GDP growth to 4%, and provides a comprehensive analysis of when and how he expects the country’s economy to ramp up later this year.
The spread of COVID-19 has led to a sharp correction in global markets and can be seen as “event-driven” (a one-off shock) and/or a “black swan” (unexpected and catastrophic). Vietnam’s standing remains fundamentally strong(er), yet t its stock market has not been spared from the sell-down seen in the rest of the world. Ismael Pili, VinaCapital’s Head of Research, states that renewed interest in the Vietnamese stock market may have to take its initial cue from developments outside its borders, which he expects will come in three stages: addressing the health scare, expansionary monetary policy on a global and coordinated scale, and robust fiscal stimulus programs.