Net Asset Value(s)

RNS Number : 7677O

VietNam Holding Limited

12 March 2009

 



VietNam Holding Limited 

VietNam Holding Limited (AIM: VNH) announces that as at close of business on 28 February 2009, its unaudited net asset value per share was US$ 0.760.

The decline in the NAV of -12.76% echoes the continuing, relentless downward trend among Asian and global stock markets.  Vietnam's share prices across the board have taken a beating over the past 5 months as the Vietnam Index began a prolonged slide that began in early September, continuing through to late February, which is only now showing signs of a positive correction. 

On a positive note, despite the overwhelming downward trend, VNH continued to outperform the Vietnam Index, which declined by 18.95% for the month of February, by a margin of by 6.2%.  The VNH listed securities out-performed both the VNI and Hanoi Securities Trading Center (HaSTC) indices and showed improvement in the unlisted portfolio. Also on a positive note, VND/USD foreign exchange rate movement had minimal impact on the February NAV.

11 March 2009

 

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