Vietnam Enterprise Investments opportunity
On 13 March I listened to a very interesting webinar on Vietnam “Vietnam Enterprise Investments | Kepler Trust Intelligence Ideas for your ISA”, https://www.youtube.com/watch?v=DO694HbHyVI&t=42s . I visited Vietnam in 2019 on holiday and found it fascinating, so put a bit of money into Vietnam Holdings (VNH), which has given me a very good return of 103% so far. I bought some VEIL after the webinar.
VEIL is on a discount of 20% which looks too high to me, given it is mainly invested in quoted liquid stocks and the Board are making a number of actions to manage the discount down. I asked a question at the webinar about the discount and got a satisfactory answer. It has been lower, so a long-term buying opportunity. VNH is on a 4% discount.
VEIL is much bigger than VNH, £1.4bn v. £0.4bn, so with its 1.96% fee can afford to employ quite a few expert fund managers.
A repeat of the webinar can be watched via the Kepler Website https://www.trustintelligence.co.uk/investor/articles/ideas-for-your-isa-retail-feb-2025
https://www.trustintelligence.co.uk
This article reflects the opinions of its author and not necessarily those of ShareSoc.
Cliff Weight, Member ShareSoc and ShareSoc Education and Policy Committees.
DISCLOSURE: The author holds shares in VEIL and VNH.
