Author Archives: Khoa Truong

VIETNAM SECTOR ROTATION & ALLOCATION OUTLOOK

VIETNAM SECTOR ROTATION & ALLOCATION OUTLOOK Executive summary Vietnamese equity sector leadership has almost no year-to-year persistence: last year’s winner tells you very little about this year’s. Our research shows that annual sector rankings are driven mainly by the macro...

INTEREST RATES AND THE MONETARY STORY: THE END OF THE GLOBAL CHEAP-MONEY CYCLE

INTEREST RATES AND THE MONETARY STORY: THE END OF THE GLOBAL CHEAP-MONEY CYCLE What is happening in global markets? The global monetary environment is undergoing a restructuring of interest-rate levels on a scale that have not seen in the past...

VNSHINE AND THE NEXT STEP FOR VIETNAM’S ETF MARKET: GIVING INVESTORS A NEW WAY TO ACCESS THE MARKET

VNSHINE AND THE NEXT STEP FOR VIETNAM’S ETF MARKET: GIVING INVESTORS A NEW WAY TO ACCESS THE MARKET The challenge facing a still-young ETF market As of September 21, 2026, FTSE Russell officially upgraded Vietnam’s stock market to Secondary Emerging...

VIETNAM RIDE-HAILING MARKET: COMPETITION SHIFTS TOWARD EFFICIENCY MANAGEMENT

VIETNAM RIDE-HAILING MARKET: COMPETITION SHIFTS TOWARD EFFICIENCY MANAGEMENT The revenue-sharing for each ride Recently, fares, fees, and the amount drivers actually receive from Grab have become a major focus of debate. On social media, some drivers have called for coordinated...

VIETNAM GETS ITS FIRST ETF BUILT ON A SHAREHOLDER YIELD STRATEGY

VIETNAM GETS ITS FIRST ETF BUILT ON A SHAREHOLDER YIELD STRATEGY On September 10, 2026, the PHFM VNSHINE ETF (fund certificate code: FUEPHVNS), managed by Phu Hung Fund Management Joint Stock Company (PHFM), officially had its first trading session on...