On Tuesday June 29th - 3.00pm to 4.00pm HKT / SGT (2.00pm - 3.00pm VNT), Hubbis will be hosting this unique look at Vietnam, in partnership with VinaCapital, one of Vietnam’s leading investment management companies, with a diversified portfolio of USD3.3 billion AUM.
Vietnam is a country on the rise. It is home to nearly 97 million people – the 14th largest population in the world – and they are young, educated, and eager to work and succeed. Vietnam’s economy has consistently ranked as one of the fastest growing in the world, with GDP posting a CAGR of 6% over the past five years. In 2020, when many countries saw their economies contract, Vietnam recorded GDP growth of 2.9%.
Demographics is just one reason why a growing number of global companies are moving to Vietnam. With low labour costs (half those of China), improving infrastructure, and aggressive development policies, Vietnam is quickly becoming the new workshop for the world as a manufacturing hub for goods ranging from furniture and footwear to home appliances and mobile phones. The movement of manufacturing has only accelerated during the global pandemic, as companies seek to further diversify their production beyond China.
The country’s middle class of nearly 33 million people is expanding thanks to new work opportunities and rapid urbanization, creating ever-growing demand across all consumer sectors; from property and construction materials, to consumer goods and services.
In the first five months of 2021, Vietnam’s stock market has hit new highs, though these new highs have been driven by strength in corporate earnings, and not simply liquidity. Even with these new highs, Vietnam is nearly 25% cheaper on a PE basis than its previous 2018 high and equally cheaper vs. most of its regional peers.
A community of leading organisations within Asian Wealth Management
Senior figures in Asian Wealth Management are speaking at this event
Vietnam - a compelling growth story
- How do you best access this fast-growing market?
- Where are the most attractive opportunities?
- What are the big trends and themes in Vietnam?
- Will we continue to see high levels of activity and positive performance in the market?
- How will the financial sector perform?
- What are the risks to consider?
- How does Vietnam compare to other markets?
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