Finnish fund pours EUR40 mln into Vietnam’s stock market

PYN Elite, Finland’s best-performing investment fund, is shifting its investment from Thailand to Vietnam by investing US$40 million in 51 local firms listed on the stock market.

Photo for illustration

Photo for illustration

According to Bloomberg News, the fund has sold about EUR100 million worth of Thai stocks during the past five months.

Petri Deryung, PYN Elite’s manager, said his fund’s investment in Vietnam accounts for 29 percent of its total investment and the figure is expected to keep rising in the future.

Source: VNA