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IN BRIEF: VietNam Holding sees NAV per share fall; notes weak outlook

3rd Oct 2022 20:17

VietNam Holding Ltd - Guernsey-based closed-end fund - Net asset value per share at June 30 USD4.408, down from USD4.60 at the same time a year prior. In the year to June 30, firm's NAV per share declined by 4.4%. This compared to a decline of 17% for Vietnam All Share Index. Swings to a net investment loss of USD3.5 million in the year, from a profit of USD104 million the previous year. Looking ahead, firm says the global mood remains "weak" but notes some "encouraging" signs in the rebound and growth of domestic tourism in Vietnam.

Separately, VietNam notes that Vindustrial Ltd has acquired a 51% shareholding in its investment manager, Dynam Capital ltd.

Current stock price: 279.00 pence

12-month change: down 6.1%

By Heather Rydings; [email protected]

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