On 21 December 2021 – VinaCapital Ventures announced that it has invested in Hub Global JSC, a blockchain eco-platform that is focused on supporting the development of promising Vietnamese start-ups creating blockchain solutions across a range of verticals.
As we enter the final weeks of 2021, we take a quick look at what has driven the 34% performance of the VN-Index YTD. As with every strong market, there are winners and losers, and in this piece from Michael Kokalari, VinaCapital’s Chief Economist, we highlight the top performing sectors and stocks. As good as the market has been, performance dispersion of sectors and within each sector created opportunities for active managers to outperform, and we are pleased to report that our offshore and local equity funds all delivered more than double digit alpha over the VN-Index. 2021 will be a year that we all remember for different reasons – lockdowns, quarantines, zoom calls with loved ones, debates about vaccines, booster shots, etc. As crazy as this year has been, the momentum of the Vietnam economy continues and while this piece is focused on 2021, the prospects for Vietnam’s economy and corporate earnings look great for 2022. We will be back to you in a few weeks with our 2022 outlook and in mid-January, a webinar focusing on our key themes for 2022.
After a challenging three months of strict lockdowns, Vietnam began to emerge from its shell on October 1st. As we have previously discussed, Vietnam’s shift from a “Zero Covid” approach to a “Living with Covid” approach would move the economy towards re-opening and path to economic growth. In today’s insight, VinaCapital’s Chief Economist, Michael Kokalari, shares how quickly and powerfully the Vietnamese economy has rebounded over the past eight weeks and why we continue to be optimistic on the economic growth trajectory for Vietnam for the remainder of the year and 2022.
Our 2021 Investor Conference was held virtually in October. Since then, we have received numerous requests from investors for a summary of the four, one-hour sessions. During the conference we covered the macro outlook for Vietnam, held an interview with Mr. Tra Le, CEO of the Ho Chi Minh City stock exchange and highlighted key investment themes, discussed our VOF portfolio and our Alternatives Platform.
During many of our client calls, in addition to discussing our traditional funds, we are frequently asked questions about our Alternatives Platform, which includes Green Energy, Real Estate, Private Equity and Venture Capital. We have been investing in these asset classes for over 15 years and our platform has evolved from being exclusively principal investments to more recently managing external client assets. Above is a link to our first quarterly newsletter, featuring a brief profile of each of asset class and recent transactions.