The monthly return of 10% was in-line with the advance of the Vietnam All-Share Index.
“Despite more short-term disruptions caused by a second wave of COVID-19, local investors returned to the market,” Dynam said of the country in which it invests.
At the macro-economic level, exports and imports increased by 2.4% and 2.5% respectively year-on-year.
So, with an additional US$3.5bn trade surplus in August, Vietnam’s accumulated trade balance for the first eight months of 2020 was US$11.9bn – more than double that recorded over the same period in 2019.
Foreign direct investment, meanwhile, was in line with expectations. However, Vietnam’s output, as measured by the local purchasing managers’, continued to reflect sluggish global demand, Dynam said in its monthly report.
“Looking ahead, further targeted restrictions and travel bans are bound to hamper the economy as COVID-19 lingers,” it added, pointing out that growth forecasts have now been trimmed back to 2.5%.
Dynam said it remained upbeat on the medium-term outlook for Vietnam, which it said will “remain an attractive destination for international companies looking to relocate from China because of the trade war with the US and growing geopolitical uncertainties”.
“The way Vietnam dealt with the first wave of the virus has given the world a lot of confidence in the country, and it can bank on that moving forward,” it added.