Here is PYN Elite’s January fund review. 
The VN-Index rose 2.5% despite the sluggishness of Vingroup’s shares. PYN Elite beat the index, rising 7.1%, driven by STB, FPT, TCX, and MBB. The results reflected Vietnam’s strong 8% GDP growth. The combined net profit of HOSE-listed companies grew by 44% in the fourth quarter, which accelerated the full-year earnings growth to 27% (in 2024 +17%). The stock exchange’s daily turnover rose 43% in January.