Reported 12 months ago
Senior journalist Lee Jin-chi, posted on June 30, 2024, at 11:19 PM, highlights the performance of Fubon Vietnam ETF (00885), the only overseas ETF for investing in Vietnam domestically. With over 100,000 beneficiaries, due to continued buying interest, it has applied for six additional fundraising sessions, recently approved by the central bank, allowing investors to participate in Vietnam's long-term market trend. The manager of Fubon 00885, Chen Zhong-kai, analyzes that despite recent political turmoil affecting Vietnamese stocks briefly following foreign withdrawals, the new parliamentary and national leaders have taken office, with Prime Minister Phan Minh Chinh continuing to vigorously promote infrastructure and stimulate domestic demand policies. With strong buying interest from local investors and sound corporate financial results, Vietnamese stocks have shown resilience this year, leading Asian stock markets with a 13.3% increase in the Ho Chi Minh City Stock Exchange Index up to June 19. Chen Zhong-kai also notes Vietnam's transition from traditional industries like textiles and garments to consumer electronics products like smartphones and electronic components, benefitting from advancements in AI applications driving strong demand and exporting the most to Asia as a country. }}
Source: YAHOO