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RCS - VietNam Holding Ltd - Update from QuotedData

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RNS Number : 6537S  VietNam Holding Limited  11 February 2026

Vietnam Holding - Update from QuotedData

11 February 2026

Back this horse

Vietnam has largely overcome the effects of US tariffs and is pushing ahead
with reforms to support its target of double-digit annual GDP
(https://quoteddata.com/glossary/gdp/)  growth through to 2030. While one of
Vietnam Holding (VNH)'s comparator indices
(https://quoteddata.com/glossary/index/)  rose 28% in 2025, more than half of
this was due to a single company that VNH does not hold.

Despite strong growth prospects, most of the Vietnamese market is still
attractively priced, with VNH's portfolio
(https://quoteddata.com/glossary/portfolio/)  trading at a forecast P/E of
just 9.5x at the end of December 2025. This is partly because foreign
investors have not yet returned in force. Progress towards emerging market
status continues, with FTSE Russell set to upgrade Vietnam from September this
year.

The year of the Fire Horse begins on 17 February 2026, seen as a lucky period
by some. For others, Vietnam's strong fundamentals remain a solid reason for
optimism.

Full Research:

https://quoteddata.com/research/vietnam-holding-back-this-horse-qd/
(https://quoteddata.com/research/vietnam-holding-back-this-horse-qd/)

This research is also available free on our website www.quoteddata.com
(http://www.quoteddata.com) where you will also find news, performance data
and factsheets on every London listed Investment Company. QuotedData writes
and distributes research on a number of quoted companies, facilitates meetings
between those companies and existing and potential investors and assists in
raising additional capital where required.

NB: Marten & Co was paid to produce this note Vietnam Holding Limited, and
it is for information purposes only. It is not intended to encourage the
reader to deal in the security or securities mentioned in this report. Please
read the important information at the back of this note. QuotedData is a
trading name of Marten & Co Limited which is authorised and regulated by
the Financial Conduct Authority. Marten & Co is not permitted to provide
investment advice to individual investors categorised as Retail Clients under
the rules of the Financial Conduct Authority.

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