Why Recessions Forge Great CEOs Who Think Beyond Cost-Cutting
04/15/2025
No Comments
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
June 8, 2022: -Vietnam’s stock index has decreased by over 10% this year, and one portfolio manager says it is the right “good time to consider investing in Vietnam.”
On Monday, the V.N. index has to decrease close to 14% for the year, a sharp reversal following two years of blockbuster gains for the benchmark index in the before phase of the pandemic.
Those losses are mainly in line with its global peers as investors mostly reposition for safety against a backdrop of increasing interest rates and fears of a possible global recession.
Dragon Capital, a Vietnam-focused investment company with $7 billion in assets under management, says valuations in the country are currently cheap and have forecast earnings for each share growth of more than 20% in 2022.
On Monday, Vietnam’s banking and retail sectors are looking attractive, said Thao Ngo, portfolio manager at the firm.
Banking stocks have an enormous potential for evolution in the mass market segment as more than half of Vietnam’s population is currently “underserved” in banking. She explained that retail stocks are set to see a strong recovery in earnings from post-pandemic pent-up demand.
“We have been focused on the three key themesthemes: urbanization, middle-class formation, and strong domestic consumption.”
The portfolio manager drafted multiple reasons why Vietnam stocks are a good bet.
The Southeast Asian economy has been among the economies with the highest GDP increase in current years, and Dragon Capital sees that momentum is continuing. In 2020, the Vietnamese economy topped even China and did not see a single quarter of economic contraction despite the global pandemic.
Political stability and macro policy, along with the rapid growth of Vietnam’s middle class, create a “strong platform” for the country to see GDP growth of 6% to 7%, said Ngo.
“This year, the government targets the GDP will improve by 7%, and in the first quarter, we already achieved 5%,” she added. “We’re on track to achieve that.”
While inflation is a big concern globally in countries like the U.S. and U.K., Vietnam seems to have it “under control” for now, Ngo said.
Vietnam’s consumer price index increased 2.6% in the first four months, and Dragon Capital sees the full-year figure coming in around 4% to 5%.
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
Companies invest millions in leadership development, yet many of their best executives leave within a few years. Why?
The most successful business leaders don’t just identify gaps in the market; they anticipate future needs before anyone else.
With technological advancements, shifting consumer expectations, and global interconnectedness, the role of business leaders
The leadership landscape is profoundly changing, influenced by technological advancements, shifting workforce expectations, and the need for adaptability in an unpredictable global environment.
In the fast-paced business world, corporate leaders often find themselves at the crossroads of risk and reward, where bold decisions …
April 23, 2025: The Canadian government has introduced new legislation to regulate the use of artificial intelligence in education and healthcare, focusing on accountability,
April 17, 2025: Prime Minister Justin Trudeau s government is under growing political pressure over its current immigration strategy.
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
April 15, 2025: Multiple wildfires burning across northern and central Alberta have triggered large-scale evacuations.
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you
