Edison Releases Report on VietNam Holding Amidst Market Trends

Edison Investment Research Limited has published a new report on VietNam Holding (VNH), coinciding with the fund's approaching 20th anniversary. VNH follows an all-cap strategy with a strong focus on valuations, targeting Vietnamese equities. The fund's active management leverages Vietnam's financial sector and industrial growth, supported by governmental pro-growth policies and open trade.

VNH recorded an 18.3% NAV total return over the year ending April 2026, lagging behind the Vietnam All-Share Index's 49.7% return. This disparity is largely due to Vingroup's absence from VNH’s portfolio, despite its large performance boost to the index. Vietnamese equities trade at a forward P/E ratio of 13.7x, slightly above the decade average, with corporate earnings growth at 20% in 2025.