Vietnam most certainly was a fast-growing emerging market and the country's stock market was one of the world's "cheapest" so Vietnamese stocks should pay out nicely, said a US newspaper.
The “Investment U” paper said that it was better to buy MarketVectors Vietnam (VNM) which was launched onto the New York Exchange in August 2009.
The ETF had about 68 percent invested directly in Vietnamese companies and it then divided the remainder into companies around the globe that do significant business in Vietnam, said the Maryland state-based paper, founded in 1999 with the goal of giving investors impartial, no-nonsense advice on how to build long-lasting wealth.
Bill Stoops, chief investment officer of Dragon Capital, said, "The market has come down a lot but earnings have been holding up" as Vietnam’s economy was forecast to grow at the third-fastest pace in Asia, after China and India, and companies in Vietnam expected an average 27 percent growth in earnings per share./.
