DCBC – 09/2023
Amid the market fluctuations in September, DCBC Fund demonstrated its flexibility and effective in investment management. Despite the Fund’s NAVPS declining by 4.2% compared to the previous month, this performance surpassed the VN-Index, which saw a decrease of 5.7%. Over the first nine months of 2023, the NAVPS of DCBC surged impressively by 20.7%, outstripping the VN-Index’s growth by a significant 6.09% (with the VN-Index at 14.6%).
A notable anticipated highlight for October is the 6th session of the 15th National Assembly, during which a resolution draft focusing on high-tech investment support will be discussed. If approved, this move will signify a major leap in FDI attraction efforts, particularly given the recent elevation of Vietnam-US relations to a Comprehensive Strategic Partnership. With the backing of these new policies, FDI enterprises are poised to bolster their competitive edge and amplify export-related activities. This momentum will inevitably benefit Vietnam as FDI enterprises expand their operations, thereby generating more job opportunities and fostering economic growth.
Duc Giang Chemicals Group JSC (“DGC”), with a growth of 12.7%, stood out in the Fund’s portfolio last month. DGC is one of Vietnam’s leading enterprises in the field of industrial chemicals. Investors are visibly buoyed by President Joe Biden’s recent visit, seeing it as an opening for fresh opportunities in Vietnam’s semiconductor industry, especially concerning the importation of US microchips and chips. Concurrently, anticipations are high for the swift approval of the pertinent draft resolution.
