Vietnamese economy likely to lead ASEAN s growth this year english.vov.vn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from english.vov.vn Daily Mail and Mail on Sunday newspapers.
Vietnam’s benchmark VN-Index could reach 2,500 points by 2025-2026 based on a price to earning (P/E) ratio of 16 according to the profit growth forecasts of listed companies, said Pyn Elite Fund, a Finnish investment fund.
VinaCapital’s VOF was the second best performer last year.- vinacapital.com
HANOI (Vietnam News/ANN): 2020 marked an unexpectedly successful year for big investment funds in Vietnam, with Pyn Elite Fund having the best performance.
Despite global disruptions affecting all economic sectors due to COVID-19, most big investment funds in Vietnam s stock markets recorded growth of over 15 per cent in 2020, outperforming the growth of the general market.
Positive performance of the stock market has contributed to the strong growth of investments funds’ portfolios. The VN-Index ended the last trading day of 2020 at 1,103.87 points, rising 14.87 per cent compared to the beginning of the year.