March was certainly another eventful month! Silicon Valley Bank's collapse and Credit Suisse's forced sale has put financial markets in their worst state of panic since the global financial crisis of 2008.
But given that Vietnam’s banks are mainly focused on the domestic economy and more traditional in nature, the Vietnamese stock market was less affected.
The VN-Index increased by +3.9% in March and the NAV of our AFC Vietnam Fund closed the month +1.8% at an NAV of USD 2,900, according to internal estimates.
Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
Unlock all research summaries
Follow top, independent analysts
Receive personalised alerts and emails
Access Briefings, Analytics, and Events
Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.
Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.