Vietnam Holding: Banking stocks to perform well in 2023

Banking stocks, which account for the largest proportion of Vietnam Holding’s portfolio, have performed well and the fund expects this to continue into 2023 given attractive valuations and steady growth. Banking stocks account for 35 per cent of its investment, followed by industry and services with 18 per cent, retail 17 per cent, real estate 16 per cent, and technology 11 per cent.