Vietnam market, big news!
Before we get into the main content, let me mention that yesterday was the last day of the holiday, and many people are paying attention to how the market will perform post-holiday. I’ve already seen related articles summarizing major events during the holiday, which provide some clues, such as Uncle Biao’s article "A Recap of Nine Major Events During the National Day Holiday."
In fact, we’ve already covered some major events during the holiday on our platform, such as commentary on Japan’s market surge, the performance of strong sectors in the Hong Kong market during the holiday, and the collaboration between OpenAI and AMD, all of which were promptly shared on the platform.
I’m also doing a recap, but I want to focus not just on the market performance in the two trading days after the National Day holiday, but more on listing the promising trading themes for the fourth quarter. I’ll combine the market performance of the two post-holiday trading days and, by this weekend, publish a paid article on investment direction for the fourth quarter. Stay tuned. Some of the assets we mentioned in the article "Four Key Asset Investment Opportunities to Focus on After the Fed Rate Cut" have already started to materialize.
Now, onto the main content.
Recently, the Vietnamese market has seen consecutive daily gains of over 2%. This is mainly driven by two key catalysts. The most important positive development is that on October 7, the Vietnamese market was upgraded by FTSE Russell from a "Frontier Market" to an "Emerging Market," which is expected to bring in billions of dollars in passive inflows. We had already previewed this event on our public account and platform.
"The Fourth Wave of QD Fee Cuts: Focus on Tianhong Vietnam"
A few more points: According to FTSE Russell’s classification of national (regional) markets, they can be divided into three major categories and four subcategories: Developed Markets, Emerging Markets (further divided into Primary Emerging Markets and Secondary Emerging Markets), and Frontier Markets. Alongside this announcement, there were also rating changes for markets in other countries. The full version can be viewed on our platform.
The second positive factor is the economic data. The Q3 economic data exceeded expectations, with quarterly growth of 8.2%. The recent quarterly growth rates have been on par with India, making it one of the fastest-growing major economies currently.
Our globally invested portfolio also includes a certain allocation to the Vietnamese market. Considering that there is currently only one investable target in the market and the daily QD quota limits, the manager has not allocated excessively. Markets like Vietnam are naturally suitable for satellite allocations.
(Not investment advice)
$AMD(AMD.US) $VanEck Vietnam ETF(VNM.US) $X TRVIET(03087.HK)
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