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VietNam Holding improves its NAV

By BFN News | 12:27 PM | Wednesday 19 August, 2015


VietNam Holding, an investment company with a diversified portfolio invested in Vietnamese equities, has announced that for the year ended 30 June 2015 the net asset value per share was up 9%. Jean-Christophe Ganz, chairman of VietNam Holding Asset Management, said: "The ongoing actions to increase the foreign ownership limits on shares of public companies are likely to become a catalyst for Vietnam's graduation from frontier to emerging market status in the MSCI indices. "This is in fact one of the government's stated objectives. Previous cases of countries ascending to the emerging stock market status have resulted in increased inward flows of foreign indirect investments, which in turn helped companies to raise the additional capital needed to support higher growth." At 12:27pm: (LON:VNH) Vietnam Holding share price was -0.02p at 1.81p (LON:VNHW) Vietnam Hldg Ltd share price was 0p at 0.11p Story provided by StockMarketWire.com

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