VIETNAM ENTERPRISE INVESTMENTS LIMITED - Webinar

Vietnam Enterprise Investments Limited (VEIL) delivers a bullish first-half 2026 investor update, highlighting Vietnam’s resilient 8.2% GDP growth, strong industrial production, record exports and FDI, and broad-based economic momentum. The fund manager sees a supportive backdrop for corporate earnings, with forecast EPS growth of approximately 22.6% and Vietnam equities trading at an attractive 11.7x forward earnings. VEIL’s active, high-conviction investment strategy is focused on structural growth themes including consumption, infrastructure, banking, retail and capital markets, while the portfolio is positioned to benefit from Vietnam’s FTSE emerging market reclassification, anticipated foreign inflows and a potential MSCI upgrade. Despite a challenging first half for active managers, the company remains confident in its long-term growth strategy, citing a $50bn IPO pipeline, ongoing market reforms and attractive valuation opportunities. With a concentrated portfolio trading at around 10x earnings and nearly 30% forecast EPS growth, VEIL believes the Vietnam equity market is entering a multi-year structural re-rating phase