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Did you know that Asia’s best performing market last year wasn’t China? It was indeed Vietnam!


Did you know that Asia’s best performing market last year wasn’t China? It was indeed Vietnam!

The Ho Chi Minh Stock Index was up 48% last year and the Hanoi Stock Index was up 45.9%.

“What we are seeing is a coming-out party for Vietnam as the market re-rates and more foreign investors pile in,” says John Foo, a portfolio manager at Kingsmead Vietnam and Indochina Growth Fund in Singapore.

Foo added: “Investments in infrastructure is keeping export engine humming and the government remains committed to reforms and focused on growing the economy at close to 7% rate.”.

Hasnain Malik, head of research for the emerging markets investment bank Exotix in Dubai, says that “Vietnam is graduating away from investment-led growth to export manufacturing which generates jobs that in turn leads to consumption growth.”


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