Dominic Scriven: the Vietnam trust that beats the S&P 500

TL;DR

Dominic Scriven, founder and chairman of Dragon Capital, discusses Vietnam's economic growth and investment opportunities in the country.

Transcript

hello with me today i have dominic scriven founder and chairman of dragon capital the largest private investor in vietnam hi dominic i know you're only in the uk for a short period of time so thank you for joining me today um now vietnam once among the poorest countries in the world and you're involved in the country long before its um economic boo... Read More

Key Insights

• 🚨 Vietnam's economy has experienced significant growth, emerging as a manufacturing alternative to China.
• 💪 The country's GDP growth predictions remain strong, with factors like urbanization and industrialization driving economic development.
• ↩️ Dragon Capital has achieved impressive returns in the Vietnam equity market over the years.
• 😄 Vietnam's cost competitiveness, stability, and ease of doing business make it an attractive investment destination.

Questions & Answers

Q: How has Dragon Capital's performance been in Vietnam in 2022 and over the past year?

Dragon Capital has seen strong performance in the Vietnam equity market, with their Vietnam Enterprise Investments Limited showing a 20-year record of 13.3% compounded returns.

Q: What are the main areas of interest for investment in Vietnam?

Key areas of interest include manufacturing as an alternative to China, urbanization, industrialization, infrastructure, property development, digital banking, and e-commerce growth.

Q: Will Vietnam achieve its predicted GDP growth of over 7% in 2022?

While predictions constantly need testing, the first quarter of 2022 saw 5% growth, and Scriven believes the consensus of 7% growth for the year is still attainable.

Q: Is Vietnam's confidence being affected by events in China and other global factors?

While concerns exist, such as China's management of COVID-19 and rising inflation, Scriven explains that Vietnam is relatively insulated from these issues. However, the situation in China is being closely monitored for any potential impact on Vietnam.

Summary & Key Takeaways

• Dominic Scriven shares his background and how he became focused on Vietnam.

• Dragon Capital manages around $6 billion in Vietnam and Southeast Asia, with a strong performance in the Vietnam equity market.

• Scriven highlights key areas of interest for investment in Vietnam, including manufacturing, urbanization, and digital banking.