Equity market rebounded significantly in Asia Pacific ex-Japan this month after the dismal performance in March.  Vietnam led the rally with a month-to-date performance of 16.8%, outperforming the region by over 10% points.  With the country reporting no new case and no death, investors gained more confidence in how the government handled the pandemic in restricting border, implementing social distancing and quarantining infected ones.  Indeed the government is calling off its homestay order for most of the country and reopening the economy.  Domestic investors were taking advantage of the current low valuation of the market, which traded at a forward multiple of 11x in P/E nex year.   Saigon Beer was the best performing large-cap with a positive reutrn of 46.8%.