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Vietnam Enterprise Investments Ltd - invests in listed equities in Vietnam - Net asset value rises 12.2% in dollar terms and 14.3% in sterling terms in 2024, outperforming the Vietnam index, which rises by 8.8% and 10.8%, respectively. The share price also rises during 2024, though not by as much, causing the discount to NAV to widen to 21.2% from 18.1%. Since the start of 2025, the company’s share price has fallen due to the announcement of trade tariffs by the US, which initially fell heavily on Vietnam. US President Donald Trump’s ‘recent introduction of very high tariffs has derailed the previously very positive economic outlook for Vietnam,’ said Chair Sarah Arkle. ‘Whilst Vietnam’s economic growth could come in significantly lower than had been expected, the portfolio remains focused on strong companies that will benefit from domestic growth and increased infrastructure spending as sentiment towards the economy and market returns.’ Current stock price: 521.51 pence 12-month change: down 11% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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