Today is the fifteen of December and the year is coming close to an end. It’s time to look at the semi-monthly performance of the main Vietnamese indexes. Last month has been a crazy month for the main Vietnamese indexes with Hanoi index finishing the month up by 9.1% and Ho Chi Minh index up by a staggering 13.5%! Things have cooled down a bit and Hanoi index is down by 2.7% since the first of December while Ho Chi Minh index is also down by a more modest 1.6%. YTD performances of the two main Vietnamese indexes are extremely strong with +39.3% for Hanoi and +40.7% for Ho Chi Minh. Obviously, these trends are not sustainable over the long-term no investor can reasonably expect the markets to perform so well in the coming years.