Vietnam’s stocks to reach highest level since 2008. (Photo: VNA)

Hanoi (VNA) – VN Index will climb to reach the highest level since 2008 as a rising economy and earnings draw investors, Bloomberg Business news reported on March 15.

The Bloomberg article forecast that the VN Index will advance to 642 by the end of 2016, or 11 percent above its close on March 14.

The stock index rose 6.1 percent in 2015, making Vietnam the best performer in Southeast Asia, while the MSCI World Index slid 4.3 percent, it said.

The country targets an economic growth of almost 7 percent this year, becoming one of the fastest-growing markets in the world and a refuge for investors in the region shaken by the fallout from China’s economic slowdown.

According to Bloomberg, companies in consumer, industrial, building and energy sectors would help recover the stock market as they benefit from fastest expansion over the past decade.-VNA