Creating Prosperity Together
VinaCapital passionately believes in Vietnam. We invest in the country, its workforce, its energy, and its future.
As Vietnam’s only multi-disciplinary asset manager, we offer local and international investors a range of opportunities to share in the country’s growth.
Gold, the US Dollar and Interest Rates – What It All Means for Vietnam
The USD-VND exchange rate depreciated by more than 4% YTD, a level at which the State Bank of Vietnam has typically taken concrete actions to strengthen the VN Dong (the maximum VND depreciation over the last eight calendar years was 3.5%). The depreciation of the Dong has been driven by the unexpectedly strong US Dollar and by gold purchases by local savers, although Vietnam’s strong trade surplus and FDI inflows have supported the value of the VN Dong.
We expect deposit interest rates in Vietnam, which have plunged since early-2023, to rebound by 50-100bps by the end of the year. That magnitude of increase is not likely to have a major impact on the stock market, but we expect purchasers of real estate to act quickly to lock in the current low level of mortgage rates, adding fuel to Vietnam’s nascent real estate rebound./.
ESG & Responsible Investment
The soul of our company lies in our desire to share and spread wealth and prosperity. We research, work, and invest to make a difference in the communities we serve and are tireless in our pursuit of a better future for our clients.
USD4.0b
Assets Under Management
200+
Team Members
8
Diversified Investment Platforms:
• Listed Equity
• Fixed Income
• Private Equity
• Venture Capital
• Infrastructure & Clean Energy
• Real Estate
• Logistics
• Carbon Credit21
Years’ Experience