Vietnam - a long term play

١ يناير ٢٠٢٠

VNM is the closest ETF that one can get to its stock markets. About 50% of its components lies in real estate and financial institutions. Like all emerging markets, these are the sectors that drives the economy. Banks liberalised, lend more money out, developers borrowed cheaply, build projects to attract investors, bringing local economy up.

From lowering of its corporate tax from 25% to 22%, Vietnam has come a long way. It's reform is gaining traction and I believe 2020 and beyond will be shining brightly on VNM.

٣ فبراير ٢٠٢٠

ملاحظة

broke down from bullish channel with a bearish candle and looks like it will revisit the support at 14.47.

٣١ يوليو ٢٠٢٠

ملاحظة

One of the earliest country that emerge out of the Covid-19 nightmare has used up all its luck . The Covid-19 virus is back and is causing a panic wave among the business owners and people living in the country.
scmp.com/week-asia/health-environment/article/3095403/coronavirus-vietnams-first-outbreak-99-days-spreads

٢٦ أبريل ٢٠٢١

ملاحظة

expecting some correction to come , it has been a 70 degree upward rise since the March low