Investment Solutions Forum 2019 SG - Exclusive Insights - Steven Mantle

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1. What are the opportunities to invest in Vietnam today?

Video transcript

1. What are the opportunities to invest in Vietnam today?

Last year Vietnam delivered GDP growth of 7.1%. This year it's on course for 6.7%. Fundamentally, companies are still very strong, we still have double digit earnings growth forecasts, and yet the market's come down from a high of over 1,200 last April to round about 950 today, having closed last year below 900 points. So the market is becoming cheaper, valuations have become more attractive. The noise of the IPOs has now gone away, which was causing some of the problems last year as the market started to fall. On an external basis, it seems like Vietnam will be the main winner from a trade war. That's a fairly unanimous agreement. Trump himself is of course, very proud of how much is moving from China to Vietnam. At the same time, we see very real, dispersed FDI figures from China coming into Vietnam as well, so it's very tangible there.