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Latest articles in Vietnam
Strategy Note / Global

Emerging-Frontier Equity Monthly, July: Large EM joins Tech lead, FM lags

Sporadic pick-up in Covid-19 infections globally (notably in some of the early success stories during the first wave, China and Vietnam). This resulted in a drag on local bank Credicorp (60% index weight, down 7%), offsetting very strong performance...
Tellimer Research Hasnain Malik
Hasnain Malik @ Tellimer Research 28 July 2020
Strategy Note / Global

China challengers in manufacturing with low cost labour (in one chart)

For manufacturing activities not easily replaced by automation or 3D printing, which countries win share from China? Low wages and scale matter most in this segment: We plot wage curve up to China in countries with over 40mn population. Labour flexib...
Tellimer Research Hasnain Malik
Hasnain Malik @ Tellimer Research 13 July 2020
Strategy Note / Global

Corruption: The ugly truth for EM and ESG investors

DOES CORRUPTION BOTHER YOU? Bangladesh: The use of anti-corruption as a means to persecute and weaken those politicians sitting in the opposition precedes the post-2009 era of the de facto one-party state under the Awami League (ie the Bangladesh Nat...
Tellimer Research Hasnain Malik
Hasnain Malik @ Tellimer Research 7 July 2020
Strategy Note / Global

Asia equity strategy: Vietnam tops a strong group

With the exceptions of China, Malaysia and Vietnam (assuming reported data is accurate in both) all of Asia has struggled with Covid-19 and most of the large population countries have concluded that the poverty caused by long-term lockdowns will caus...
Tellimer Research Hasnain Malik
Hasnain Malik @ Tellimer Research 2 July 2020
Strategy Note / Global

Chasing technology's tail: EM equity strategy overview

In 2006 I was an analyst on global technology equities. This would be unwelcomed for the investment case given the military’s continuing, overbearing indirect grip on the economy and the strain put on the fiscal deficit from Covid-19 disruption. Equi...
Tellimer Research Hasnain Malik
Hasnain Malik @ Tellimer Research 28 June 2020
Equity Analysis / Vietnam

Vietnam construction materials industry – Strong demand from H2 20

Demand for houses in the Southwest region continues to be healthy. Although the transportation demand between the two areas of Ho Chi Minh City and the Southwest region is high, only 40km of expressways (Ho Chi Minh City-Trung Luong) has been built i...
Rong Viet Hoang Nguyen
Hoang Nguyen @ Rong Viet 25 June 2020