Hello GQ Community
I am currently on a vacation tour in Vietnam.🇻🇳
As an interested investor, of course I am watching which companies are active here.
Gladly your observation or remark in the comments 😁
Especially in Vietnam it is interesting mMn. (Politics, history, geographic location).
Political: Socialist Republic with one party state (Communist Party of Vietnam).
Nearly 100Mio inhabitants
GDP per capita 4500$ (estimate for 2023)
Now for my observations so far.
In general, the Vietnamese are very busy and friendly people. Everyone has something to offer and always a friendly face. there is no begging even in the megacities like hanoi or HCMC. instead, food, souveniers or other things are sold from the moped.
The construction sector is booming, especially in the big cities and tourist regions. Hotels are being built from the ground. Office towers and new residential complexes are under construction. i could not identify any construction companies i know. The VinHomes of $VIC (the largest conglomerate in Vietnam). From VinHomes we have seen min 5 geoße housing projects under construction. (we are talking about thousands of apartments in one project).
But the machines in the construction industry come to a large extent from China/Japan/Korea. only logical. my favorites from $CAT (+0,5%) are unfortunately missing here.
Automotive: as with construction machinery, cars also come from the countries mentioned. toyota and hyundai strong. to mention is VinFast. a Vietnamese brand. Founded in 2017, they make really fancy bodies. owner is $VIC
But the streets are dominated by over 90 million motor scooters. $MBG (-0,19%) or $VOW (+0,6%) or $BMW (-1,52%) are rarely seen.
Consumer goods: in one of the few supermarkets that we have entered so far, I looked at various products that you need every day: Toothpaste, shower gel, detergent - I touched 3 products. all were (by chance) from $ULVR (+1,24%). The toothpaste from $COLG I deliberately did not take.
The 3 best selling water brands are lavie ($NESN (-0,26%) ), Dasani ($KO (+0,26%) ) and Aquafina ($PEP (+0,73%) ).
In addition, we have $MDLZ (-0,2%) , $HEIO (-0,35%) seen
Telecommunications is occupied by Viettel and Mobiphone and vinaphone. mobile phone masts everywhere. also in rural areas well developed.
Internet in general extremely good. in every hotel so far we had very good WIFI. various speed tests showed more than 100MBit down/up.
We also looked at the prices of $AAPL (+0,28%) products. e.g. iPhone 14pro costs about 1150€. not much difference to europe. although the purchasing power is much lower. that's why monthly leases are offered first in the electromarket here.
very sporadically you can find "media mart", looks like it also belongs to $CEC (+1,33%) belong to.
in the hotel sector, 2 things stand out. the big international hotel groups like $MAR (-0,23%) or $HLT (+0,15%) and $AC (+0,95%) are represented at the important locations. also $VIC is getting involved here again.
$MCD (-0,08%) and $SBUX (-0,05%) are also present like everywhere else.
Do any of you have exciting insights about Vietnam?
