Vietnamese economy and the country-related exchange traded fund (ETF)may experience some decent growth for the year though Fitch Ratingsdowngraded Vietnam's sovereign rating to B+, said the websitehttp://www.etftrends.com .
ETF Vietnam, named VanEck Market Vectors Vietnam (VMN), tracks a custom index of equities fromfirms that generate more than 50 percent of their revenues in Vietnam.Van Eck launched the ETF Vietnam on the New York exchange market a yearago.
According to the website, as the Vietnamese dong depreciated, VMN has been trading few points down.
The web quoted Joshua Ritchie as writing for MintLife that the biggestdriver in Vietnam’s economy is export growth. The country benefits fromhaving a young and ambitious population to add to the future growth ofthe country./.