QuotedData Retail - Vietnam Holding – Back this horse

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QuotedData Retail

James Carthew

Vietnam Holding – Back this horse

Vietnam has largely overcome the effects of US tariffs and is pushing ahead with reforms to support its target of double-digit annual GDP growth through to 2030. While one of Vietnam Holding (VNH)’s comparator indices rose 28% in 2025, more than half of this was due to a single company that VNH does not hold.

Despite strong growth prospects, most of the Vietnamese market is still attractively priced, with VNH’s portfolio trading at a forecast P/E of just 9.5x at the end of December 2025. This is partly because foreign investors have not yet returned in force. Progress towards emerging market status continues, with FTSE Russell set to upgrade Vietnam from September this year.

The year of the Fire Horse begins on 17 February 2026, seen as a lucky period by some. For others, Vietnam’s strong fundamentals remain a solid reason for optimism.

12/02/2026 16 EN

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QuotedData Retail

QuotedData you with provides access to research on Investment Companies, Investment Trusts and Mining companies. Our aim is to provide you all the information you might need to make your own investment decisions. We cannot offer you advice on your investments.

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Analysts

James Carthew

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Vietnam Holding – Back this horse

Fidelity Emerging Markets – The long and short of emerging markets

Global Opportunities Trust – Cash pile grows as valuations climb

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