The Lumen Vietnam Fund, based in Liechtenstein, is optimistic about the Vietnamese stock market as it approaches the end of 2024 and looks ahead to 2025. This optimism is based on a combination of external and internal factors that are expected to drive market performance.
The global financial landscape is shifting towards a new cycle of monetary easing, influenced by recent policy changes from major central banks.
The State Bank of Vietnam has also taken proactive measures to enhance liquidity and support the overall economic framework.
Several international financial institutions have revised their GDP growth forecasts for Vietnam upwards, which is expected to have a favorable impact on corporate earnings.
The Vietnamese government is actively pursuing measures to upgrade the country's stock market status, including a significant regulatory reform. Despite a recent net sell-off by foreign investors, there are indications of a potential turnaround in foreign investment sentiment. The government is also implementing legislative changes to create a more favorable business environment.
Positive developments have been observed in the real estate sector, which is seen as a stabilizing factor for the economy.
The Lumen Vietnam Fund maintains a diversified investment portfolio and remains committed to navigating the evolving landscape of the Vietnamese stock market.