Update from QuotedData

Vietnam Holding - Update from QuotedData

11 February 2026

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.

Full Research:

https://quoteddata.com/research/vietnam-holding-back-this-horse-qd/

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