In QuotedData’s morning briefing 20 March 2024:

• VietNam Holding ( VNH) announced an update for the month of February 2024. VNH’s NAV was up +7.8% in February due to overweights in outperforming sectors, particularly banks, telecoms, retail, and industrials. The growth comes on the back of strong domestic performance in Vietnam with the managers noting Vietnam’s consensus 2024 GDP growth forecast of 6% is the highest in Southeast Asia thanks largely to ongoing policy developments. They also note the country’s trade surplus reached another new high in February and its US$265bn  stock market rallied for a fourth consecutive month. The resilient rebound in exports was once again led by electronics, while sustained growth in retail sales was driven mainly by hospitality and tourism amid increased travel during the festive Tet season.