The VN-Index (VNI) recovered more than neighboring markets. The VNI posted its second consecutive month of gains as it climbed 12.4% MoM to 864.5 at the end of May — close to a three-month high. The VNI soared 31% from its 2020 closing low of 659.2 recorded on March 24, narrowing its YTD decline to 10%. Other regional market indices also recovered, albeit at a slower pace: Thailand’s SET (+3.2% MTD; -14.1% YTD), the Philippines’ PCOMP (+2.4% MTD; -24.6% YTD) and Indonesia’s JCI (+0.8% MTD; -24.5