Thao Ngo Thanh from Dragon Capital Group presents the Vietnam Enterprise Investments (LSE:VEIL) Limited (Vietnam Enterprise Investments (LSE:VEIL)).
VEIL seeks long-term capital appreciation through strategic holdings in listed and pre-IPO companies that offer both attractive growth and value metrics, and strong corporate governance.
2021 was a challenging year globally, for Vietnam in particular the country was locked down for the entire third quarter of the year but despite this VEIL’s NAV was up +47%, 8% ahead of the Vietnam Index.
On the contrary to the US and EU, Vietnam experienced low inflation in 2021, just 1.8% and she expects this to remain under 3% in 2022.
Vietnam has high vaccination rates, in the top six globally with around 92% of adults fully vaccinated which she says means Vietnam’s economy remains very much open for business.