Vietnam’s stock market highlighted on UK press

Vietnam’s stock market highlighted on UK press. (Photo: VNA)

The site said that Vietnam’s stock market is making the expected progress in its goal of moving from the marginal market group to the emerging market group.

With the “oldest” participation in Vietnam’s stock market of any independent asset manager in the country, Dragon Capital ranks first in the list of foreign investors in Vietnam.

Founder and CEO of Dragon Capital Dominic Scrive said that Vietnam is currently one of the world’s largest farm produce exporters of with items such as rice, cashews and cinnamon. The country is expected to earn 300 billion USD from exports with the biggest proportion being electronics and smartphones.

With an average economic growth of 7% over the past six years, Vietnam is expected to remain one of the fastest growing countries in the world, Dominic Scrive added.

Dragon Capital is known as the FTSE 250 investment trust fund management company listed in Vietnam Enterprise Investments Ltd (LON: VEIL). It operates an open UCITS fund.

With total assets of about 5.5 billion USD, of which VEIL trusts account for about 40% and ETFs just under 20%, Dragon Capital is one of the largest companies in Southeast Asia./.