Vietnam: What Is Driving the Next Phase of Growth
Vietnam is investing in infrastructure, energy, and higher value-added sectors. Fund manager Mario Timpanaro of Aquis Capital explains why the country’s development has pleasantly surprised him, which sectors he is keeping an eye on, and what a rating upgrade for the stock market could change.
Vietnam is poised to take the next step in its economic development. Infrastructure projects are moving forward, foreign direct investment is flowing into the country, and the focus of production is increasingly shifting from basic goods to sectors with higher value-added—such as chips and software.
In an interview at the Private Banking Congress in Hamburg, Mario Timpanaro, a fund manager at Aquis Capital, expressed surprise above all at the speed of this development. In addition to investments in transportation infrastructure and energy, he sees strong domestic consumption and the growing middle class as key drivers. At the same time, energy supply remains a critical factor in light of geopolitical tensions.
Vietnam is also facing changes in the capital markets. Timpanaro discusses the planned upgrade of the market, possible next steps regarding market status, and the impact on international capital flows. In his portfolio, he focuses, among other things, on select consumer, insurance, and energy stocks, while taking a more cautious approach to parts of the banking sector.
