Even though it is clearly impossible to give you exact numbers when you invest in Vietnamese stocks, it is good to be prepared for an annual loss of up to 30% or even 40% while the upside potential can be as high as 100%. If there was to be a major correction of the US stock markets while the Vietnamese stock markets are overvalued (which is not the case at the time of this writing), this could create a major correction of the Vietnamese stocks. Under this scenario, a yearly loss of 40% is not impossible. What you need to realize as an investor is that most of the time, stocks go up, but they go up slowly. For instance, it is not unusual to see a stock gaining 1% every day for 10 days in a row. Stocks go more often up than down but when they go down they tend to go much faster. As we just said it is not unusual to see a stock gaining 1% every day for 10 days in a row but this same stock can fall 10% in one or two days later on. Anyway, even though it is impossible to know with certainty the returns you will obtain by investing in Vietnam, at Anh Thomas Investment we hope (and we believe that the gains are likely to be higher) to gain 10-12% in average per year over the next decade. That would mean that a portfolio of $100,000 invested today would transform in something between $260,000 and $310,000 in ten years time. Once again, this is just an estimate and no one knows for sure what will happen.