We remain optimistic that Vietnam’s GDP growth will accelerate in 2021 and that the structural outlook for the economy and the equity market remains bright — please see our Vietnam Strategy 2021 Report, published January 11, 2021, for more details. Following robust macro data for March and April and strong Q1 2021 earnings reports, we increase our year-end 2021 VN-Index target from 1,250 to 1,350 and our year-end 2022 target from 1,400 to 1,500. At its closing level of 1,256 on May 5